By Emanuele Berro March 5 (Reuters) - DHL is still accepting delivery orders in the Middle East despite the escalating conflict, its chief executive said on Thursday, but warned there would be delays.
DHL Continues Middle East Orders Despite War, Warns of Delivery Delays
Impact of Middle East Conflict on Logistics and Shipping Operations
By Emanuele Berro
DHL's Response to the Escalating Conflict
March 5 (Reuters) - DHL is still accepting delivery orders in the Middle East despite the escalating conflict, its chief executive said on Thursday, but warned there would be delays.
Effects on Regional Deliveries
The escalation of the U.S.-Iran war affects the whole region, including deliveries to Israel that are currently moved via Cyprus, CEO Tobias Meyer told a press conference after the German logistics group's annual results.
Investment Plans in the Middle East
Meyer added that DHL still adheres to its investment plans in the Middle East.
"Those are long-term investments and we're of the opinion that the region is still attractive," he said.
Wider Disruptions in Logistics and Shipping
Logistics and shipping companies are facing mounting disruption across air and sea routes as the conflict entered its sixth day.
Strait of Hormuz Closure and Ocean Carrier Diversions
Iran’s closure of the Strait of Hormuz on Sunday forced major ocean carriers including Maersk, Hapag-Lloyd and CMA CGM to once again divert vessels around Africa, adding significant transit time and costs.
FedEx Service Suspensions
U.S. parcel giant FedEx said on Monday it was temporarily halting services in five countries in the region.
(Reporting by Emanuele Berro in Gdansk, editing by Milla Nissi-Prussak)
