{"id":78280,"date":"2024-05-01T00:00:00","date_gmt":"2024-05-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/05\/01\/dp-world-set-to-manage-sapangar-bay-container-port\/"},"modified":"2024-05-01T00:00:00","modified_gmt":"2024-05-01T00:00:00","slug":"dp-world-set-to-manage-sapangar-bay-container-port","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/05\/01\/dp-world-set-to-manage-sapangar-bay-container-port\/","title":{"rendered":"DP World set to manage Sapangar Bay Container Port"},"content":{"rendered":"

<\/strong>DP World<\/strong> inked<\/strong> a partnership agreement<\/strong> with Malaysia\u2019s Suria Capital Holdings <\/strong>subsidiary <\/strong>Sabah Ports<\/a><\/strong> to jointly manage Sapangar Bay Container Port (SBCP)<\/strong>, according to a press release<\/a>. The move comes in a bid to establish SBCP as a regional trade hub for the Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA).<\/p>\n

The details:<\/strong> The agreement will see DP World support efforts to boost SBCP\u2019s container handling capacity from 500k TEUs to 1.25 mn TEUs by 2025. The pair will also invest in improvement to SBCP\u2019s cold chain storage and transport capabilities to increase the export of Sabah\u2019s agricultural products to international markets opening growth pathways, the statement notes. Investments will also be drawn in to improve operational efficiency and boost port connectivity via optimized terminal workflows and digitalization.<\/p>\n

Background: <\/strong>The latest partnership builds upon a long-term collaboration agreement inked by DP World and Sabah Ports in 2019, where both parties agreed to co-develop solutions to boost SBCP\u2019s competitiveness and create cargoes in Sabah\u2019s hinterlands, the statement added. Long term, the partnership looks to boost land and sea connectivity in Sabah, curb transit times and costs, and improve standards across Sabah\u2019s supply chains.<\/p>\n

Prime location: <\/strong>Sabah is located within a five day sailing radius of markets containing 2.2 bn potential customers accounting for over 40% of global manufacturing output, the statement notes. The area is also a source for timber, oil, and contains fisheries which were the second largest contributor to Sabah\u2019s GDP last year. <\/p>\n","protected":false},"excerpt":{"rendered":"

The partnership looks to position SBCP as the region\u2019s top trading hub<\/p>\n","protected":false},"author":1,"featured_media":78281,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[38],"tags":[23,37,129],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-78280","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ports","tag-dp-world","tag-ports","tag-uae","wpautop","entry"],"acf":{"mongo_id":"c0188a29-0223-4a83-b3db-04368864efb0","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/33.jpeg","photo_position":"above","homepage_title":"","full_issue_title":"DP World set to manage Sapangar Bay Container Port","related_issue":[78273],"teaser":"The partnership looks to position SBCP as the region\u2019s top trading hub","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.7cea3d0d-8f21-4502-9321-a5822b3df52d.mp3"},"yoast_head":"\nDP World set to manage Sapangar Bay Container Port - 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