Before the conflict, Jebel Ali was the busiest container port outside of Asia, ranking in the top 10 globally and serving mostly as a transshipment hub.

At stake is the bloc’s influence in the area as President Donald Trump covets Greenland, Russia increasingly threatens Europe, and China seeks to gain a foothold.

The Houthis earlier said they posed no threat to international shipping, and that they only planned to target vessels from Saudi Arabia.

The Houthis’ aim to force Saudi Arabia and the U.S. to lift the U.S. blockade on Iranian oil tankers in the Persian Gulf.

Port director Seroka said September is shaping up to be another strong month, and that the port is confident in its momentum headed into the rest of the year.

Iran's Islamic Revolutionary Guard Corps says that it successfully hit two U.S. vessels and eight oil tankers, marking the most significant escalation of the conflict in weeks.

The Panama Canal Authority already cut draft restrictions for Neopanamax vessels twice this summer.

Ships larger than 12,000 TEUs have contributed two-thirds of the 10 million TEU added since early 2021.

Shares in dry-bulk carriers have also surged this year, outpacing even the stock of tanker owners as Middle East traffic disruptions upend the wider maritime sector.

The eSAILs are expected to help the Santiago I cut its yearly energy consumption by as much as 15%.