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21.05.26 - 12:21
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Dubai′s Shipping Hub Status Under Pressure As Some Industry Veterans Eye Greece (ZeroHedge)
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Dubai's Shipping Hub Status Under Pressure As Some Industry Veterans Eye Greece
Via Middle East Eye
Some shipping industry workers based in Dubai are looking to relocate from the UAE as a result of the US-Israeli war on Iran, one ship-owner and two industry sources familiar with the matter told Middle East Eye.
Western expats working in the maritime industry are eyeing the Greek capital, Athens , and Cyprus as potential alternatives to Dubai, given those countries' dominant positions in shipping and the favorable tax policies they offer the industry, the sources said.
via AFP
The search for alternatives to Dubai underscores how some expats, particularly westerners with easy access to Europe, do not expect the Gulf to return to its pre-war position anytime soon.
Around 2,000 vessels are trapped in the Gulf as a result of competing US and Iranian blockades of the waterway. But the shipping industry is experiencing a boom as a result of the war. The lockdown of vessels has compressed suppl...
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05.05.26 - 20:57
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Hormuz "Deserted" As Iran Expands Area Of Control; Hundreds Of Ships Cluster Near Dubai (ZeroHedge)
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Hormuz "Deserted" As Iran Expands Area Of Control; Hundreds Of Ships Cluster Near Dubai
The Strait of Hormuz has become a ghost town, er strait, with traffic grinding to a complete halt as no new commercial ship crossings were recorded despite a US effort to guide vessels through the waterway, according to Bloomberg.
While Maersk confirmed that its vessel Alliance Fairfax transited the strait on Monday under US military protection, Tuesday saw zero traffic following a day of violence that included attacks on vessels and missile strikes targeting the United Arab Emirates.
Confusion was rampant after Washington maintained that a safe passage exists, with two US destroyers reportedly entering the Gulf, but the heightened tensions kept commercial shipping at bay.
Two US ?? destroyers confirmed to be inside Persian Gulf after transiting Strait of Hormuz by satellite image TODAY ?Spotted doing UAE ?? ship anchorages missile defense at25.4042, 54.760625.4562, 54.7382...
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