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UAE exporters aim to split shipping costs with Turkish, & North African allies amid Red Sea crisis

UAE exporters aim to split shipping costs with Turkish, & North African allies amid Red Sea crisis

Posted on February 12, 2024   |  

UAE exporters, who have orders from North African markets and Turkey, are aiming to share the cost of shipping due to problems in the Red Sea.

Particularly in sending food from UAE ports, exporters are talking with partners in Turkey, Egypt, and other places to share the expenses.

UAE exporters want to protect their ability to supply goods by ensuring the containers are booked.

Exporters need to be able to be flexible with payments and how they settle bills.

The situation in the Red Sea has led to higher costs for UAE traders getting things from Europe, especially after the US attacks on Houthi sites in Yemen.

Delays in shipping things like cars from Europe are making it hard for dealerships in the UAE.

Because of delays or worries about delays, some orders are being canceled, which is a big problem for trade stability.



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