Port of Fujairah aiming high
Logistical and political snags need skilful navigation to secure Fujairah's position as a world-leading energy and trading port
The Port of Fujairah has the geographic fortune of lying just south of the Strait of Hormuz—the world's most important oil transit chokepoint—that the US Energy Information Administration says facilitates traffic which last year carried 18.5m barrels a day of oil. A waterway plied by Arab and Iranian fishermen in rudimentary wooden boats only half a century ago is now used to transport 19% of the world's daily oil supply. Leveraging its golden location, the port is the world's second-largest bunkering hub and has created a 'parking lot' in local waters to capture the increasingly hefty Asia-Middle East-Africa shipping traffic. Progress has been relatively swift. Singapore, the world's larges
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