New Risks to the Port That Became the UAE’s Lifeline As Hormuz Closed

Summary

Gulftainer Group CEO Farid Belbouab discusses how the Strait of Hormuz closure has transformed Khor Fakkan into a critical gateway, with container volumes surging from 2,000 to 50,000 per week. He addresses capacity management at 70% occupancy, security risks, and the shift in shipper psychology from cost to reliability. The interview covers the port's resilience and the likelihood that Khor Fakkan will remain a key alternative even after Hormuz reopens.

• Khor Fakkan's container volumes surged from 2,000 to 50,000 per week due to Hormuz closure.
• Port is operating at 70% optimal capacity with cargo evacuated within 2-3 days.
• A dry port 80 km away was launched to support logistics.
• Speaker dismisses claims of Iranian Revolutionary Guard control over UAE waters.
• Security measures prioritize safety and smooth cargo movement without congestion.
• Supply chain strategy has shifted: resilience and reliability now outweigh cost.
• Even if Hormuz reopens, shippers are expected to maintain multiple entry points.
• Rates spiked but are expected to stabilize, similar to the COVID-era pattern.