{"id":79245,"date":"2024-06-24T00:00:00","date_gmt":"2024-06-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/"},"modified":"2024-06-24T00:00:00","modified_gmt":"2024-06-24T00:00:00","slug":"pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/","title":{"rendered":"PIF and Ardian hammer out Heathrow acquisition + DP World was busy during the Eid break"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, ladies and gents. <\/strong>We hope you\u2019re ready for a powerhouse of an issue after a lengthy break, there was no rest for the regional logistics sector while we were enjoying some time off. First, let\u2019s check in on the latest in the brewing trade war between China and\u2026 everyone?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG LOGISTICS STORY ABROAD- China + EU initiate talks on EV tariffs: <\/strong>China and the EU have agreed to start talks on the planned imposition of tariffs on Chinese-made EVs entering the European market, as confirmed by EU Commissioner Valdis Dombrovskis to Germany\u2019s Economy Minister Robert Habeck. The EU passed a <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/eu-impose-multi-billion-euro-tariffs-chinese-evs-ft-reports-2024-06-12\/\" style=\"\" rel=\"noopener\">decision this month<\/a> to push tariffs on imports of Chinese EVs to up to 48% on some vehicles. The move follows an anti subsidy investigation initiated by the supranational political union last year against Chinese EVs. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The tariffs <\/strong><strong>are<\/strong><strong> not a \u201cpunishment\u201d: <\/strong>Habeck <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/eu-tariffs-china-not-punishment-says-german-economy-minister-2024-06-22\/#:~:text=BEIJING%2C%20June%2022%20(Reuters),officials%20in%20Beijing%20on%20Saturday.\" style=\"\" rel=\"noopener\">reassured Chinese officials<\/a> that proposed EU tariffs on Chinese-made EVs are not punitive but are intended to level the playing field. The EU claims not to implement punitive tariffs the way that the US, Brazil and Turkey have. \u201cCommon, equal standards for market access should be achieved,\u201d Habeck said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Are the tariffs already hitting trade volumes? <\/strong>German exports to China dropped 14% y-o-y last month, <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/f4d83b55-3277-4bf2-8185-9f3d10059c40\" style=\"\" rel=\"noopener\">FT<\/a> reports. Although tensions could be rising between Beijing and Berlin over the EV tariffs, analysts and economists suggest the export decline is likely attributable to other factors, including weaker auto sales in China or \u201ca lagged impact of the Red Sea blockage.\u201d It doesn\u2019t look like this reading is the start of a new downtrend,\u201d Oxford Economics economist Oliver Rakau said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As one door opens, another door closes: <\/strong>The Canadian government is also mulling passing its own set of fresh tariffs on Chinese-made EVs, in a bid to match actions by the US and EU, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-06-20\/canada-prepares-potential-tariffs-on-china-electric-vehicles-after-us-eu-moves\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing people familiar with the matter. The decision is still pending, with public consultations about the matter expected to kick off soon, the business information service cites officials as saying.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story grabbed headlines worldwide in <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/german-economy-minister-says-eu-open-talks-china-tariffs-2024-06-22\/\" style=\"\" rel=\"noopener\">Reuters<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/9902c9f2-3664-4a23-a5a5-77bca4979d96\" style=\"\" rel=\"noopener\">The Financial Times<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-06-22\/china-european-union-agree-to-hold-talks-on-ev-tariffs\" style=\"\" rel=\"noopener\">Bloomberg<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/06\/22\/business\/china-germany-tariffs-trade.html\" style=\"\" rel=\"noopener\">The New York Times<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/06\/23\/eu-and-china-set-for-talks-on-planned-electric-vehicle-tariffs.html\" style=\"\" rel=\"noopener\">CNBC<\/a><\/strong><strong>, and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/cw999dwp313o\" style=\"\" rel=\"noopener\">BBC<\/a><\/strong><strong>.<\/strong><\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a>#1- Agility eyes a dual listing for ADX-listed subsidiary: <\/strong>Kuwaiti logistics firm <a target=\"_blank\" href=\"https:\/\/www.agility.com\/en\/\" style=\"\" rel=\"noopener\">Agility<\/a> is mulling a dual listing for its ADX-listed subsidiary, Agility Global, on Saudi Arabia\u2019s Tadawul stock exchange, in a move to provide wider investment exposure for its investors, Agility Vice Chairman Tarek Sultan told <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/markets\/2024\/06\/13\/agility-dual-list-saudi-tadawul\/\" style=\"\" rel=\"noopener\">the National<\/a>, revealing that the logistics firm\u2019s board could discuss the dual listing at the board level \u201cin the very near future.\u201d It plans to work with regulators both in the UAE and Saudi Arabia.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Agility Global made its debut via a technical listing on ADX <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/3567c24e-066f-4f01-a950-5d194bc1d640\" style=\"\" rel=\"noopener\">in May<\/a>. Agility Global\u2019s share price jumped more than fourfold on the first day of trading following its technical listing on ADX. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Saudi bourse is key for exposure:<\/strong> \u201cAt the end of the day, [investors] want exposure to the emerging markets, they want exposure to the big economies of the Middle East, and you can't have that in a fundamental way if you're not present in the Kingdom,\u201d Sultan said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a><\/strong><strong>#2- <\/strong><strong>Denmark\u2019s freight company <\/strong><strong>DSV and <\/strong><strong>Neom\u2019s<\/strong><strong> USD 10 bn <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/1394969c-ca3f-48ec-8872-79eb70fc119a\" style=\"\" rel=\"noopener\">logistics joint venture<\/a><\/strong><strong> has been <\/strong><strong>delayed due to missing regulatory approvals from KSA and Egypt<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-06-17\/dsv-neom-10-billion-tie-up-delayed-due-to-missing-approvals\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. The partnership was initially slated to receive regulatory approvals and kicked off in the 2Q, but DSV says the delay will not impact its 2Q earnings. \u201cIt's not unusual for delays to occur in projects of this size, and this doesn\u2019t change our preparations and long-term expectations for the collaboration,\u201d a spokesperson told the outlet. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The JV is set to provide ground, sea, and air logistics services for the delivery of goods within the city, as well as supply chain management, development, and investments in infrastructure and logistics and transport assets. A portion of the JV\u2019s revenues will also be allocated to developing technologies and commercializing new sustainable next-generation logistics solutions, including establishing an innovation center at the Neom\u2019sOxagon, according to the press release.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a>#4- <\/strong><strong>Shanghai-based planemaker Comac has a good chance of breaking the <\/strong><strong>Boeing-Airbus duopoly over the jet market within the next 10 years<\/strong>, Dubai Aerospace Enterprise CEO Firoz Tarapore told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/aircraft-lessor-dae-sees-chinas-comac-breaking-airbus-boeing-duopoly-2024-06-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> on Friday. Despite difficulty in obtaining certifications from European and US regulators, Comac is garnering attention as the other planemakers face labor shortages and engine issues resulting in delivery delays and disrupting airline growth plans, the newswire added. \u201cOver the next decade Comac has a unique [chance] to break this duopoly into a triopoly because on the one hand Airbus is sold out, and Boeing is having production problems,\u201d Tarapore said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- The FAA opens probe into titanium sourced by <\/strong><strong>Boeing and Airbus<\/strong><strong>:<\/strong> The US Federal Aviation Administration (FAA) is looking into documents used to verify the authenticity of titanium utilized in developing recently manufactured Boeing and Airbus jets, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/faa-investigating-counterfeit-titanium-used-some-boeing-airbus-jets-nyt-reports-2024-06-14\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing exclusive reporting by the New York Times. Boeing has released a voluntary disclosure highlighting the \u201cprocurement of material through a distributor who may have falsified or provided incorrect records,\u201d the FAA said. The aircraft manufacturer issued a bulletin noting ways in which suppliers should remain alert to the potential of falsified records, the FAA added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The aviation giants are quelling the issue:<\/strong> Boeing argues this is a broader industry issue affecting only some titanium shipments from a limited set of suppliers which affect a small number of airplane parts. Airbus said \u201cnumerous tests have been performed on parts coming from the same source of supply\u201d in question. Titanium is used to make aircraft landing gear, blades, and turbine discs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Boeing is also looking into snags with its 787 Dreamliner<\/strong> <strong>after discovering hundreds of fasteners were improperly installed on the fuselage of some undelivered jets<\/strong>, two insider sources told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/boeing-investigates-quality-problem-undelivered-787s-sources-say-2024-06-13\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. Boeing is looking into what caused the problem and the level of rework that will be needed, but there is currently no urgent concern about flight safety, the sources said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trouble is piling on:<\/strong> Boeing\u2019s outgoing CEO Dave Calhoun was attacked by senators at a US Senate hearing over a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/ae0169c6-1bc3-4364-b89e-1b0c15230ff5\" style=\"\" rel=\"noopener\">series of safety failures<\/a> that have <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/e8a98a79-4b53-45c0-b060-9cf8a424db04\/today:-agility-snaps-up-50%2525-of-groundforce-portugal\" style=\"\" rel=\"noopener\">rattled confidence in the company<\/a>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/boeing-ceo-face-harsh-senate-questions-new-whistleblower-claims-2024-06-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Prosecutors are set to inform a federal judge in Texas of plans to proceed on a potential criminal case against the company by 7 July. The US Justice Department said last month that Boeing had not adhered to the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/d9a77ce9-d103-4348-a58a-fa61048088ca\/today:-dp-world-sinks-usd-mns-in-romania-%2B-emirates-is-set-to-use-saf-at-heathrow\" style=\"\" rel=\"noopener\">terms of a 2021 agreement<\/a> that safeguarded it from liability for the two deadly 737 Max accidents.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- <\/strong><strong>General Electric subsidiary GE Aerospace is building a hybrid electric engine to <\/strong><strong>power next-generation narrow-body jets<\/strong>, which could reach markets as soon as the middle of next decade, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/ge-aerospace-developing-hybrid-engines-single-aisle-jets-2024-06-19\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported. The firm says it has concluded the initial tests of the hybrid components and a baseline test of the engine, and now plans to test the two together, the newswire says. The company is working with France's Safran to test open-bladed jets for medium-haul jets, which could cut down on fuel use and emissions by up to 20%.<\/p>\n<p class=\"tag-border-left\">DISRUPTION WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US forces destroyed three uncrewed Houthi surface vessels in the Red Sea<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us-military-says-it-destroyed-three-houthi-vessels-red-sea-2024-06-23\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The Houthis launched three anti-ballistic missiles into the Gulf of Aden, yet no significant damage or injuries were reported by cargo vessels or US Central Command. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Greek-owned <\/strong><strong>bulk carrier The Tutor has sunk after being struck by a Houthi boat-borne bomb and missiles last week as it transited the Red Sea<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/salvage-firm-confirms-sinking-greek-owned-tutor-struck-by-houthis-2024-06-19\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported last week. The vessel was attacked by an unmanned surface boat, a number of drones, and ballistic missiles, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/merchant-ship-hit-by-small-vessel-red-sea-ukmto-says-2024-06-12\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported at the time of the attack. The bombardment caused \u201csevere flooding and damage to the engine room,\u201d according to a CENTCOM statement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>T<\/strong><strong>wo civilian ships and an American destroyer were targeted last<\/strong><strong> week<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/yemens-houthis-say-they-attacked-two-ships-american-destroyer-2024-06-16\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing a statement from spokesperson Yahya Saree. The group said they fired ballistic missiles at the American destroyer, missiles at a ship dubbed Captain Paris, and drones at a ship named Happy Condor. The US has since said the Houthis\u2019 statement is \u201ccategorically false,\u201d and that the group was not able to carry out a successful attack on the destroyer, according to a separate <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us-military-says-it-destroyed-three-houthi-vessels-red-sea-2024-06-23\/\" style=\"\" rel=\"noopener\">Reuters<\/a> report.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Houthi drones <\/strong><strong>more recently targeted two cement tankers and two cargo ships <\/strong><strong>docked at Haifa Port<\/strong> on Saturday, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/yemens-houthis-claim-attack-four-ships-israels-haifa-port-2024-06-22\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing a statement from Houthi spokesperson Yahya Saree. The Israeli military has yet to comment on the incident and Reuters has not independently verified the attack, which the Houthis say was a joint operation with the Islamic Resistance in Iraq, the newswire writes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Vessel attacks in the Red Sea have doubled this month<\/strong>, with 10 Houthi strikes recorded so far, up from five in May, marine war risk and insurance analyst Vessel Protect operations head Munro Anderson told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/shipping-industry-urges-red-sea-action-houthis-sink-second-vessel-2024-06-19\/\" style=\"\" rel=\"noopener\">Reuters<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>S<\/strong><strong>eafarers are increasingly becoming less willing to sail through the Red Sea region<\/strong>, an unnamed industry source told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/trauma-red-sea-attacks-adds-seafarer-shortage-2024-06-19\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. \u201cI weighed what was more important - my life, or a better income?\u201d seafarer Costas Rassias told the newswire, after surviving a Houthi missile attack on a vessel he was manning.<\/p>\n<p class=\"tag-border-left\">MARKET WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oil<\/strong><strong> pri<\/strong><strong>ces eased in early morning trading amid concerns on sustained high interest rates <\/strong><strong>and a strong <\/strong><strong>greenback<\/strong><strong>, <\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/oil-extends-losses-strong-dollar-weighs-commodities-markets-2024-06-24\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported. Brent crude futures dipped to USD 85.19 a barrel, while US West Texas Intermediate (WTI) futures settled at USD 80.66. \u201cThe USD has opened bid this morning and appears to have broken higher following better US PMI data on Friday night and political concerns ahead of the French election,\" IG market analyst Tony Sycamore told the newswire.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Baltic index makes gains buoyed by capesize:<\/strong> The Baltic Exchange\u2019s dry bulk sea freight index \u2014 which tracks rates for the capesize, panamax, and supramax vessel segments \u2014 was up 0.7% to 1,997 points on Friday, logging a weekly gain, <a target=\"_blank\" href=\"https:\/\/www.hellenicshippingnews.com\/baltic-index-logs-weekly-gain-on-strong-capesize-demand\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The capesize segment rose 2.1% to 3,142 points, the highest level since 10 May, while the panamax index fell 2.1% to 1,827 points. The smaller supramax index rose 0.7% to 1,398 points. <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"logistics\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lebanon will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.emmc.me\/overview\/\" style=\"\" rel=\"noopener\">East Med Maritime Conference<\/a><\/strong><strong> on Thursday, 27 June<\/strong> in Beirut. The event will gather industry leaders to discuss the latest developments in shipping, maritime, and offshore industries to discuss industry innovations, alternative fuels, and decarbonizing emissions in the maritime sector and ports. <\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>Turkey will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.aci-europe-events.org\/\" style=\"\" rel=\"noopener\">ACI Europe Annual Congress<\/a><\/strong><strong> on Tuesday, 2 July to Thursday, 4 July<\/strong> in Istanbul. The event will bring together 500 C-level airport executives, as well representatives from businesses engaged with airports, airlines, aircraft manufacturers, and other stakeholders. The event will highlight discussions on the current state of the airport industry, geopolitics, the Turkish market, resilience, sustainability, and the diversification of revenues.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar<\/strong> at the bottom of this issue for a comprehensive listing of upcoming news events and news triggers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What we\u2019re tracking this morning regionally and around the world<\/p>\n","protected":false},"author":1,"featured_media":79246,"comment_status":"","ping_status":"open","sticky":false,"template":"","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":[18],"tags":[264,145,146,269,178,31,32,129,16],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-79245","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-airbus","tag-aviation","tag-boeing","tag-houthi","tag-red-sea","tag-saudi-arabia","tag-trade","tag-uae","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"ddf85314-fe0b-450a-9f22-22483c5133de","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/4\/450.jpg","photo_position":"above","homepage_title":"","full_issue_title":"TODAY: PIF and Ardian hammer out Heathrow acquisition + DP World was busy during the Eid break","related_issue":[79243],"teaser":"What we\u2019re tracking this morning regionally and around the world","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.ebe1120a-2846-435f-a421-3ce837b0ca1f.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>PIF and Ardian hammer out Heathrow acquisition + DP World was busy during the Eid break - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PIF and Ardian hammer out Heathrow acquisition + DP World was busy during the Eid break\" \/>\n<meta property=\"og:description\" content=\"What we\u2019re tracking this morning regionally and around the world\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/\" \/>\n<meta property=\"og:site_name\" content=\"Logistics\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-24T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/450.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"PIF and Ardian hammer out Heathrow acquisition + DP World was busy during the Eid break\",\"datePublished\":\"2024-06-24T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/\"},\"wordCount\":1836,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/450.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Airbus\",\"AVIATION\",\"Boeing\",\"Houthi\",\"Red Sea\",\"Saudi Arabia\",\"trade\",\"UAE\",\"WHAT WE\u2019RE TRACKING TODAY\"],\"articleSection\":[\"What we're tracking today\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/\",\"name\":\"PIF and Ardian hammer out Heathrow acquisition + DP World was busy during the Eid break - Logistics\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/450.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-06-24T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/450.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/450.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/logistics\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"PIF and Ardian hammer out Heathrow acquisition + DP World was busy during the Eid break\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#website\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/\",\"name\":\"Logistics\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/logistics\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\",\"name\":\"Logistics\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/29618.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/29618.svg\",\"caption\":\"Logistics\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"PIF and Ardian hammer out Heathrow acquisition + DP World was busy during the Eid break - Logistics","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/","og_locale":"en_US","og_type":"article","og_title":"PIF and Ardian hammer out Heathrow acquisition + DP World was busy during the Eid break","og_description":"What we\u2019re tracking this morning regionally and around the world","og_url":"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/","og_site_name":"Logistics","article_published_time":"2024-06-24T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/450.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"9 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"PIF and Ardian hammer out Heathrow acquisition + DP World was busy during the Eid break","datePublished":"2024-06-24T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/"},"wordCount":1836,"publisher":{"@id":"https:\/\/enterpriseam.com\/logistics\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/450.jpg?fit=%2C&ssl=1","keywords":["Airbus","AVIATION","Boeing","Houthi","Red Sea","Saudi Arabia","trade","UAE","WHAT WE\u2019RE TRACKING TODAY"],"articleSection":["What we're tracking today"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/","url":"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/","name":"PIF and Ardian hammer out Heathrow acquisition + DP World was busy during the Eid break - Logistics","isPartOf":{"@id":"https:\/\/enterpriseam.com\/logistics\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/450.jpg?fit=%2C&ssl=1","datePublished":"2024-06-24T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/450.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/450.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/logistics\/2024\/06\/24\/pif-and-ardian-hammer-out-heathrow-acquisition-dp-world-was-busy-during-the-eid-break\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/logistics\/"},{"@type":"ListItem","position":2,"name":"PIF and Ardian hammer out Heathrow acquisition + DP World was busy during the Eid break"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/logistics\/#website","url":"https:\/\/enterpriseam.com\/logistics\/","name":"Logistics","description":"","publisher":{"@id":"https:\/\/enterpriseam.com\/logistics\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/logistics\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/logistics\/#organization","name":"Logistics","url":"https:\/\/enterpriseam.com\/logistics\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/29618.svg","contentUrl":"https:\/\/ent.news\/internal\/29618.svg","caption":"Logistics"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/450.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/450.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/450.jpg?fit=%2C&ssl=1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts\/79245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/comments?post=79245"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts\/79245\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/issue\/79243"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/media\/79246"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/media?parent=79245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/categories?post=79245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/tags?post=79245"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/brand?post=79245"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=79245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}