DHL continues to accept Middle East orders, but warns of delays
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DHL CEO Tobias Meyer attends the 54th annual meeting of the World Economic Forum in Davos, Switzerland, January 17, 2024. REUTERS/Denis Balibouse
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.
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.
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.
Logistics and shipping companies are facing mounting disruption across air and sea routes as the conflict entered its sixth day.
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.
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)
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