The value of goods transiting through Sharjah and Oman logistics corridor has jumped more than 66 per cent in the first three months of operations as shippers looks to avoid the turbulent Strait of Hormuz amid the continuing Iran war. Goods worth Dh1.7 billion ($463.21 million) have been traded since May 17, when the corridor was launched to allow shipments to cross borders seamlessly into the Sultanate’s ports.Launched by Sharjah Ports, Customs and Free Zones Authority with Oman Customs, the dedicated corridor reflects the success of an “integrated sea–land logistics model that supports smoother trade flows and improves supply chain efficiency”, Sharjah Customs said in a statement on Sunday. The initiative allows importers, exporters, freight companies and logistics service providers with “more flexible and competitive logistics solutions”, it added.With the Iran war now in its seventh month, the Strait of Hormuz, a vital global route that powers global commerce, remains effectively shut, with continued Iranian attacks on commercial shipping. The significantly reduced flow of vessels through the narrow waterway, through which a fifth of global oil and gas passed before the conflict, has also disrupted commodities trade and upended supply chains.To circumvent the strait, heavy goods vehicles are now used far more extensively in the UAE to collect everything from supermarket sta...
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