{"id":79802,"date":"2024-07-18T00:00:00","date_gmt":"2024-07-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/07\/18\/today-dp-world-inches-closer-to-sapangar-port-jv-maersk-ceo-sees-persistent-challenges-for-supply-chains\/"},"modified":"2024-07-18T00:00:00","modified_gmt":"2024-07-18T00:00:00","slug":"today-dp-world-inches-closer-to-sapangar-port-jv-maersk-ceo-sees-persistent-challenges-for-supply-chains","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/07\/18\/today-dp-world-inches-closer-to-sapangar-port-jv-maersk-ceo-sees-persistent-challenges-for-supply-chains\/","title":{"rendered":"TODAY: DP World inches closer to Sapangar port JV + Maersk CEO sees persistent challenges for supply chains"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, ladies and gentlemen.<\/strong> We\u2019re heading into the weekend with a small handful of stories worth diving into, including developments on DP World\u2019s planned development of Malaysia\u2019s Sapangar Port. Let\u2019s jump right in.<\/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\"><a id=\"wwtt1\"><\/a> <strong>#1- I<\/strong><strong>raq is inviting international private companies to submit their bids to expand and<\/strong> <strong>operate Baghdad\u2019s <\/strong><strong>International Airport<\/strong>, setting the deadline for submitting offers on 12 September, <a target=\"_blank\" href=\"https:\/\/www.arabnews.com\/node\/2550961\/middle-east\" style=\"\" rel=\"noopener\">AFP<\/a> reports, citing documents it has seen. The country will choose a private partner to \u201crehabilitate, expand, finance, operate, and maintain\u201d the airport under a long-term PPP contract through a two-stage public tender, the newswire says. The project will be completed in partnership with the International Finance Corporation, which inked an agreement <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/8f7dacb4-ec36-4522-9c0a-0a348ade1e48\/iraq-is-set-to-build-a-new-airport-%2B-city-in-nineveh\" style=\"\" rel=\"noopener\">last year<\/a> to become its lead transaction advisor on the public-private partnership to rehabilitate the airport.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Supply chains <\/strong><strong>will continue to face challenges as tensions in the Red Sea extend into 3Q<\/strong>, shipping giant Maersk CEO Vincent Clerc warned in a <a target=\"_blank\" href=\"https:\/\/www.maersk.com\/news\/articles\/2024\/07\/17\/continued-impact-of-the-red-sea-situation-on-supply-chains\" style=\"\" rel=\"noopener\">statement<\/a>. \u201cWe are going to have in the coming month missing positions or ships that are sailing that are significant different size from what we normally would have on that string, which will also imply reduced ability for us to carry all the demand that there is,\u201d Clerc said. Maersk is deploying all vessels that can sail, including redeploying those that were previously not well utilized, to plug holes in the network.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>German logistics systems manufacturer Beumer Group is looking to expand into the UAE<\/strong><strong> and the wider region<\/strong> by establishing a base in the Dubai Integrated Economic Zone\u2019s (DIZ) Dubai CommerCity, CEO Torben Busch told <a target=\"_blank\" href=\"https:\/\/www.albayan.ae\/economy\/uae\/2024-07-17-1.4905640\" style=\"\" rel=\"noopener\">Albayan<\/a>. \u201cThe group\u2019s goal is not limited to expansion across the region, we also seek innovation, and at the same time we are keen to consolidate our existing relationships with our customers and partners in the region,\u201d Busch told the news outlet. The firm looks to leverage DIZ\u2019s strategic location to streamline its commercial operations and logistics services.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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\"><a id=\"wwtt3\"><\/a> <strong>Baltic index down as capesize continues decline:<\/strong> The Baltic Exchange\u2019s dry bulk sea freight index \u2014 which tracks rates for the capesize, panamax, and supramax vessel segments \u2014 was down 2.6% to 1,942, weighed out by a three-week low in capesize rates, <a target=\"_blank\" href=\"https:\/\/www.hellenicshippingnews.com\/capesize-market-weakness-drags-bdi-down\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Capesize dipped 5% to 3,099 points, while the panamax segment rose 0.7% to 1,713 points. The smaller supramax index inched down 0.2% to 1,366 points. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oil prices stabilized on Wednesday amid a drop in US oil stockpiles and a weaker USD <\/strong><strong>that overshadowed signs of low economic growth in China<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/oil-prices-steady-slowing-demand-offsets-tightening-supply-2024-07-17\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Brent crude futures inched up 1.6% to USD 85.08 \/ bbl, while US West Texas Intermediate rose 2.6% to USD 82.58. <\/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>Saudi Arabia will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.saudilogisticsexpo.com\/\" style=\"\" rel=\"noopener\">Saudi Warehousing and Logistics Expo<\/a><\/strong><strong> on Monday, 2 <\/strong><strong>September to Wednesday, 4 September <\/strong>in Riyadh. The event will bring together leaders in the supply chain, warehousing, and logistics industry from across the Kingdom to discuss investments, trade, geopolitical risks, and localized manufacturing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.egypt-air-show.com\/\" style=\"\" rel=\"noopener\">Egypt International Airshow<\/a><\/strong><strong> on Tuesday, 3 September to Thursday, <\/strong><strong>5 September <\/strong>in El Alamein. The event will host a range of discussions touching on industrialization, digitalization, and globalization in the regional commercial aviation sector. During the event, aircrafts and innovative aerospace products, and services will be showcased.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia will host <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.skymovemena.com\/\" style=\"\" rel=\"noopener\">SkyMove MENA<\/a><\/strong><strong> on Tuesday, 10 September and Wednesday, 11 <\/strong><strong>September<\/strong> in Riyadh. The event will gather global industry stakeholders, experts, and service providers to discuss challenges in the regional aviation industry. <\/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 email for a comprehensive listing of upcoming news events and news triggers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, ladies and gentlemen. We\u2019re heading into the weekend with a small handful of stories worth diving into, including developments on DP World\u2019s planned development of Malaysia\u2019s Sapangar Port. Let\u2019s jump right in. WATCH THIS SPACE- #1- Iraq is inviting international private companies to submit their bids to expand and operate Baghdad\u2019s International Airport, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":79803,"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":[145,35,118,124,16],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-79802","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-aviation","tag-iraq","tag-maersk","tag-supply-chains","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"d0855e79-901e-4395-9e95-e04e1d7e838a","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2023\/12\/630.jpg","photo_position":"above","homepage_title":"","full_issue_title":"TODAY: DP World inches closer to Sapangar port JV + Maersk CEO sees persistent challenges for supply chains","related_issue":[79800],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.71040dec-7aa9-4857-8eb8-106447545675.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>TODAY: DP World inches closer to Sapangar port JV + Maersk CEO sees persistent challenges for supply chains - 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\/07\/18\/today-dp-world-inches-closer-to-sapangar-port-jv-maersk-ceo-sees-persistent-challenges-for-supply-chains\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TODAY: DP World inches closer to Sapangar port JV + Maersk CEO sees persistent challenges for supply chains\" \/>\n<meta property=\"og:description\" content=\"Good morning, ladies and gentlemen. We\u2019re heading into the weekend with a small handful of stories worth diving into, including developments on DP World\u2019s planned development of Malaysia\u2019s Sapangar Port. Let\u2019s jump right in. WATCH THIS SPACE- #1- Iraq is inviting international private companies to submit their bids to expand and operate Baghdad\u2019s International Airport, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/logistics\/2024\/07\/18\/today-dp-world-inches-closer-to-sapangar-port-jv-maersk-ceo-sees-persistent-challenges-for-supply-chains\/\" \/>\n<meta property=\"og:site_name\" content=\"Logistics\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-18T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/630.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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/07\/18\/today-dp-world-inches-closer-to-sapangar-port-jv-maersk-ceo-sees-persistent-challenges-for-supply-chains\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/07\/18\/today-dp-world-inches-closer-to-sapangar-port-jv-maersk-ceo-sees-persistent-challenges-for-supply-chains\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"TODAY: DP World inches closer to Sapangar port JV + Maersk CEO sees persistent challenges for supply chains\",\"datePublished\":\"2024-07-18T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/07\/18\/today-dp-world-inches-closer-to-sapangar-port-jv-maersk-ceo-sees-persistent-challenges-for-supply-chains\/\"},\"wordCount\":627,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/07\/18\/today-dp-world-inches-closer-to-sapangar-port-jv-maersk-ceo-sees-persistent-challenges-for-supply-chains\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/630.jpg?fit=%2C&ssl=1\",\"keywords\":[\"AVIATION\",\"Iraq\",\"Maersk\",\"supply chains\",\"WHAT WE\u2019RE TRACKING TODAY\"],\"articleSection\":[\"What we're tracking today\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/07\/18\/today-dp-world-inches-closer-to-sapangar-port-jv-maersk-ceo-sees-persistent-challenges-for-supply-chains\/\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/2024\/07\/18\/today-dp-world-inches-closer-to-sapangar-port-jv-maersk-ceo-sees-persistent-challenges-for-supply-chains\/\",\"name\":\"TODAY: DP World inches closer to Sapangar port JV + Maersk CEO sees persistent challenges for supply chains - 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