Logistics
Shipping Companies Leverage Arabian Peninsula Truck Routes to Bypass Hormuz
With the Strait of Hormuz remaining closed, shipping companies are leveraging overland routes across the Arabian Peninsula to bypass the blockade. Route 95 from Saudi Arabia to Oman saw goods value almost triple to $830 million in March from $300 million in February. MSC and Hapag-Lloyd are launching combined sea-and-land services from Red Sea ports, though port capacity constraints remain a significant challenge for the emerging logistics networks.