{"id":91833,"date":"2026-01-14T00:00:00","date_gmt":"2026-01-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?p=91833"},"modified":"2026-01-14T07:22:06","modified_gmt":"2026-01-14T07:22:06","slug":"today-sisco-holding-is-now-a-majority-shareholder-in-pss","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2026\/01\/14\/today-sisco-holding-is-now-a-majority-shareholder-in-pss\/","title":{"rendered":"TODAY: Sisco Holding is now a majority shareholder in PSS"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, nice people. <\/strong>The news cycle is picking up some steam as we inch closer to the weekend, leaving us with an issue full of M&A, debt, and trade updates. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Leading the news well today is Sisco Holding\u2019s completion of the acquisition of Port Services and Storage Company (PSS).<\/strong> For years, Sisco\u2019s logistics operations gravitated toward the Red Sea \u2014 but with the PSS acquisition, it adds critical nodes in Dammam and Jubail that could enable it to establish a privately-backed east-west landbridge capable of bypassing third-party operators.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><br \/>On the credit markets front<\/strong>, SAL Saudi Logistics is tapping into a massive regional rush for debt. SAL is out with a SAR-denominated sukuk following a record-breaking week for MENA bond sales that saw USD 30 bn raised in early January alone. With oil prices softening and non-oil growth accelerating, the window for corporate borrowing is wide open.<\/p>\n<p><strong>ALSO: <\/strong>The UAE continues to insulate its trade future by bagging two more CEPAs with Nigeria and the Philippines, targeting a combined bns in GDP growth by 2032. From machinery in Nigeria to electrical equipment in the Philippines, these pacts add more building blocks to the UAE's goal to hit USD 1.1 tn in non-oil trade by 2031.<\/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>TRADE \u2014<\/strong> <strong>The US President Donald Trump is <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-01-12\/trump-says-he-s-imposed-25-tariff-on-countries-linked-to-iran?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">threatening a 25% tariff<\/a><\/strong><strong> on countries that <\/strong><strong>\u201cdo business\u201d with Iran<\/strong>, as the US ramps up threats against Iran, including the \u201c <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/us-news\/2026\/jan\/12\/white-house-trump-iran\" style=\"\" rel=\"noopener\">use of military force,\u201d<\/a> in an alleged bid to back protesters vying for the fall of the regime.<\/p>\n<p><strong>Why does this matter? Well, the UAE (and China) could have a lot to lose from the tariff <\/strong><strong>threat. <\/strong>The UAE is Iran\u2019s second biggest trading partner, with some USD 16.1 bn in trade taking place between the two countries in 2024, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-01-13\/china-uae-lead-list-of-those-at-risk-from-trump-s-iran-tariff?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing IMF data. It\u2019s also a major re-export hub for Iran, with the <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/1\/441.pdf\" style=\"\" rel=\"noopener\">Economy and Tourism Ministry data (pdf)<\/a> showing that UAE-Iran non-oil trade reached USD 6.6 bn in 2024. Trump\u2019s claimed the tariff would \u201c <a target=\"_blank\" href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/115884319075881590\" style=\"\" rel=\"noopener\">take effect immediately<\/a>,\u201d though he has yet to clarify which countries (and goods) would be affected. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE has so far gotten away almost scot-free from Trump\u2019s tariff wars last year<\/strong>, with just a 10% tariff slapped on most UAE imports, though it\u2019s subject to the 25% tariff on the US\u2019 steel imports from all countries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a>  <strong>PORTS \u2014 DP World\u2019s Berbera Port operations remain stable:<\/strong> Dubai\u2019s DP World confirmed today in a statement to <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/dubais-dp-world-says-operations-somalilands-berbera-port-unaffected-by-uae-2026-01-13\/\" style=\"\" rel=\"noopener\">Reuters<\/a> that its operations at Somaliland\u2019s Berbera Port are unaffected by Somalia\u2019s recent decision to <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/MOFASomalia\/posts\/%D8%A3%D8%B9%D9%84%D9%86%D8%AA-%D8%AD%D9%83%D9%88%D9%85%D8%A9-%D8%AC%D9%85%D9%87%D9%88%D8%B1%D9%8A%D8%A9-%D8%A7%D9%84%D8%B5%D9%88%D9%85%D8%A7%D9%84-%D8%A7%D9%84%D9%81%D9%8A%D8%AF%D8%B1%D8%A7%D9%84%D9%8A%D8%A9-%D8%B9%D9%86-%D8%A5%D9%86%D9%87%D8%A7%D8%A1-%D8%AC%D9%85%D9%8A%D8%B9-%D8%A7%D9%84%D8%A7%D8%AA%D9%81%D8%A7%D9%82%D9%8A%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%A8%D8%B1%D9%85%D8%A9-%D9%85%D8%B9-%D8%AF%D9%88%D9%84%D8%A9-\/1271159258370184\/\" style=\"\" rel=\"noopener\">break ties<\/a> with the UAE. Somaliland also refuted in a <a target=\"_blank\" href=\"https:\/\/x.com\/somalilandmfa\/status\/2010794338750775344?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\" style=\"\" rel=\"noopener\">statement<\/a> Somalia's claims of authority over agreements related to Berbera Port \u2014 reaffirming the breakaway region\u2019s sovereign hold over the port. The logistics giant <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/article\/world\/africa\/corrected-ethiopia-acquires-stake-to-join-dp-world-somaliland-port-venture-idUSL8N1QJ4OQ\/\" style=\"\" rel=\"noopener\">holds a 65% stake<\/a> in the port. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Somalia\u2019s government <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/13\/this-morning-somalia-cancels-ports-defense-contracts-with-the-uae-emirates-nbd-tees-up-debut-aed-denominated-dnn-notes\/\" style=\"\" rel=\"noopener\">said yesterday<\/a><\/strong><strong> it was annulling all of its contracts with the UAE for ports, <\/strong><strong>defense, and security<\/strong>, over what its Council of Ministers said were \u201cactions undermining [its] national security.\u201d <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a>MARITIME \u2014 <\/strong> <strong>Maersk quietly tests the Red Sea again:<\/strong> Danish shipping giant Maersk <a target=\"_blank\" href=\"https:\/\/www.lloydslist.com\/LL1156058\/Maersk-records-second-successful-Red-Sea-sailing-amid-geopolitical-headwinds\" style=\"\" rel=\"noopener\">completed<\/a> another cautious transit through the Red Sea earlier this week via its Middle East-US East Coast service. The trip affirms Maersk\u2019s gradual approach to the return to the Suez Canal route after they tested a transit last <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/logistics\/2025\/12\/24\/the-shipping-supply-glut-suez-return-meets-a-record-orderbook\/\" style=\"\" rel=\"noopener\">December<\/a>, and comes as CMA CGM also completed cautious sailings via Bab El Mandeb.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The return\u2019s big picture: <\/strong>For over a year, the Cape diversion has absorbed capacity \u2014 soaking up an oversupply of new vessel deliveries by making trips longer. A sustained <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/logistics\/2025\/12\/24\/the-shipping-supply-glut-suez-return-meets-a-record-orderbook\/\" style=\"\" rel=\"noopener\">return<\/a> to the Suez Canal will reduce voyage times and effectively increase market capacity. If this trend holds amid a steady stream of new ship deliveries, it could drag down freight rates.<\/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 prices reversed their four-day upward streak, falling this morning amid rising US inventory and the resumption of Venezuelan exports<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/oil-prices-gain-iran-supply-disruption-concerns-2026-01-13\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Brent crude futures were down USD 0.20 to trade at USD 65.27 \/ bbl as of 05:25 GMT, while US West Texas Intermediate (WTI) fell by USD 0.23 to USD 60.92 \/ bbl.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Baltic index downward streak isn\u2019t going anywhere: <\/strong>The Baltic Exchange\u2019s dry bulk sea freight index \u2014 which tracks rates for the capesize, panamax, and supramax vessel segments \u2014 <a target=\"_blank\" href=\"https:\/\/tradingeconomics.com\/commodity\/baltic\" style=\"\" rel=\"noopener\">declined 3.1%<\/a> to 1,608 points on Tuesday. The capesize dipped by 5% to a six-month low at 2,446 points, while the panamax index went down 0.7% to 1,331 points, and the smaller supramax index eased 8 points to 952 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;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>***<\/strong><strong>YOU\u2019RE READING EnterpriseAM Logistics, the essential MENA publication for senior <\/strong><strong>execs who care about the industry that connects producers and retailers to global markets. <\/strong>We\u2019re out Monday through Thursday by 9:15am in Cairo and Riyadh and 11:15am in the UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM Logistics is available without charge <\/strong>thanks to the generous support of our friends at Hassan Allam Utilities, Transmar, and AK-Ships.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of Enterprise Logistics.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a target=\"_blank\" href=\"mailto:logistics@enterprisemea.com\" style=\"\" rel=\"noopener\">logistics@enterprisemea.com<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW <\/strong>that we also cover <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">the UAE<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\"><\/a> <strong>***<\/strong><\/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":91834,"comment_status":"closed","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":[52,23,49,17,118,37,123,32,129,16],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-diplomacy","tag-dp-world","tag-egypt","tag-enterprise-logistics","tag-maersk","tag-ports","tag-shipping-maritime","tag-trade","tag-uae","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"52ad8c65-3bb4-4777-8731-767cd2d701ca","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/3\/1671.jpg","photo_position":"above","homepage_title":"","full_issue_title":"TODAY: 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