Abu DhabiAD Ports’ quarterly profit jumped 73% to $209 million.

Gulf operators with ports outside Hormuz, shut since 28 February, collect the rerouted trade.

Since March the company has rerouted cargo and feeder ships to Fujairah and Khor Fakkan, adding land and air bridges.

UAE container throughput still ran 57% below a year earlier, though it rose 30% on the quarter, the company said.

Polymarket traders give Hormuz traffic a 9% chance of normalising by 31 December.

How each outlet framed it
The National
credits the 73% profit jump to rerouting cargo via Fujairah and Khor Fakkan and new land and air bridges since March

Sources: The National