• 2021 July 26 13:44

    DP World and Rosatom sign agreement for Northern Transit Corridor

    DP World and Rosatom will work together to develop the Northern Transit Corridor as a viable and sustainable route between Asia and Europe, according to the company's release. The agreement was signed in St Petersburg by Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, and Aleksey Likhachev, Director General of Rosatom. Under the terms of the agreement DP World and Rosatom will establish a joint venture which will invest in, build and operate transport and logistics capacity along the Northern Transit Corridor.

    The Northern route cuts up to 19 days from the journey time between South East Asia and North West Europe. One third of the world's trade flows between the two continents and saving shipping time will significantly reduce CO2 emissions. Critically the width and draft of vessels are not an issue along the Northern Transit Corridor. The alternative new route is not congested, shorter, more efficient and faster.

    A record 33 million tons was carried along the Northern Transit Corridor in 2020, with President Vladimir Putin targeting 80 million tons by 2024. To open the route to sustainable commerce, a comprehensive development program will be performed, including the development of ports and transport links along Russia's north coast to sustain economic activity.

    The pandemic highlighted significant challenges in the supply chain, with many cargo owners struggling to find containers to move their goods. Diversification and disruption of traditional routes and methods are required to sustain growth and build back confidence.
    Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: "As the leading provider of worldwide, smart, end-to-end supply chain logistics, DP World supports Russia's efforts to diversify trade flows between Asia and Europe. The Northern Transit Corridor holds out the prospect of shorter transit times between East and West. DP World has already committed to invest $2 billion with the Russian Direct Investment fund, and we will continue to work with our partners in Russia to find solutions that allow the Northern Transit Corridor to develop sustainably.

    It is DP World's responsibility to provide credible, sustainable and reliable trade enabling solutions for our customers. With the launch last year of the World Logistics Passport and online trading platforms such as DUBUY.COM, as well as the recent acquisitions of Syncreon and Imperial Logistics, we are demonstrating that we continue to invest for our customers. Capacity shortages and disruptions during the pandemic exposed weaknesses in the global economy. The Northern Transit Corridor, along with land routes we are investing in across Asia, will open more options to move cargo, with Dubai as the hub for global trade in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai".

    Alexey Likhachev, General Director of Rosatom, said: "Building of sustainable transport infrastructure in the Arctic opens up new opportunities in developing the Eurasian transit which can be achieved in an optimal timeframe and help reduce the environmental footprint through shorter route distances and the advanced low-carbon energy solutions applied. Today is an important step in the development of a strategic international partnership between ROSATOM and DP World".

    About DP World

    DP World is the leading provider of worldwide smart end-to-end supply chain logistics, enabling the flow of trade across the globe. DP World delivers these services through an interconnected global network of 148 business units in 60 countries across six continents, with a significant presence both in high-growth and mature markets.




2021 September 27

16:00 TransContainer launches regular multimodal service from Asia-Pacific Region to Europe via Russian Far East and Kaliningrad
15:56 Two new E-Flexer ferries to join Stena Line’s Baltic Sea fleet next year
14:48 DP World Stuttgart celebrates 25-year anniversary as business will invest €35m
14:33 Average spot market price for Russian M100 product rose to RUB 26,034 pmt as of September 24
14:12 Registration is underway for webinar on impressed-current protection against corrosion and corrosion monitoring of sea and harbor facilities
13:45 Gazprombank to finance creation of multifunctional cargo complex on Sakhalin
13:20 The Switch sweeps past milestone of 100 in-line PMM shaft generators sold
12:01 The fourth Russian supertrawler for the RFC was launched in St. Petersburg
11:26 Aqaba container Terminal invests in new customised machinery
10:56 DNV and Altera Infrastructure pilot new ABATE notation to reduce GHG emissions on offshore installations
09:54 MABUX: Upward evolution continues on Global Bunker Market on Sept 27
09:30 Crude oil prices continue rising
09:14 Baltic Dry Index as of September 24

2021 September 26

17:45 USCG, Japanese navy conduct exercise near Dutch Harbor
14:51 Hidden Gem’ arrives in Rotterdam to be transformed into nodule collection vessel for The Metals Company
13:21 LR projects win funding to accelerate research into maritime decarbonisation
12:28 ESVAGT takes delivery of third newbuilt SOV vessel
11:07 ABS Awards AIP to Ned Project’s wind turbine installation vessel design

2021 September 25

15:03 Rolls-Royce and Sanlorenzo add new dimension to partnership with mtu engines and integrated bridge solutions
13:27 JAX LNG and TOTE complete first renewable LNG bunkering in the United States
12:41 Babcock cuts steel for Royal Navy’s Type 31 frigate HMS VENTURER at Rosyth
11:37 Höegh LNG Partners LP announces a new long-term FSRU contract for the Höegh Gallant
10:52 MYCRANE set to launch in four more countries as franchisees are appointed

2021 September 24

18:16 ABS and HHI design optimized LNG carriers
17:59 Admiralteyskie Verfi shipyard launches the Kapitan Martynov freezer trawler
17:55 Italian terminal operator orders two Konecranes Gottwald Mobile Harbor Cranes
16:12 Three Finnish icebreakers return to service after being repaired at Turku Repair Yard
15:03 Maersk invests in electrofuels startup company
14:40 International conference “Inland waterways: strategic potential for growth” focused on INFUTURE project was held on September 20
14:13 Dredge spoil disposal system planned for fairway deepening project
13:57 LAS Vice Admiral Kulakov went to the Atlantic
13:33 Wärtsilä ensures optimal performance and minimal carbon footprint for world’s most environmentally friendly ferry
13:09 Wan Hai Lines holds online ship naming ceremony for new vessels
12:38 Sredne-Nevsky Shipyard launched unmanned research ship Pioner-M
12:10 Record mid-year cargo volumes through the Port of Vancouver in 2021
11:46 SCF Group wins sci-tech award for development in Arctic exploration
11:02 Rolls-Royce and Overmarine continue cooperation with future-oriented mtu technologies
10:07 Tallink Grupp secures another short-term charter deal for vessel Silja Europa
09:59 MPA, SSA and GCNS sign MoU to raise carbon accounting capabilities amongst maritime companies in Singapore
09:41 MABUX: Global Bunker Market may continue firm upward trend on Sept 24
09:24 Crude oil prices continue increasing
09:09 Baltic Dry Index as of September 23

2021 September 23

18:05 Maersk calls Jafza home for its first Warehousing & Distribution facility in the UAE
17:25 GTT and Deltamarin receive AiP from American Bureau of Shipping for their new design applied for LNG fueled tanker
17:05 LR grows fleet optimisation offering with GreenSteam acquisition
16:25 The Port of Rotterdam Authority helps German DeltaPort to be a regional hydrogen hub
16:15 Panama Canal joins to the Call to Action for Shipping Decarbonization
15:39 Dry cargo vessel of RSD59 design, Alexander Ivanov, leaves for sea trials
15:21 ABS grants AIP for next generation liquified CO2 carrier JDP designs
15:05 Synergy Group to take over Maersk Tankers’ technical management business
14:37 DNV and LISCR award AiP to HHI for 40,000 CBM liquefied CO2 carrier design
14:17 Kaliningrad region and FESCO to cooperate in the field of logistics
13:48 Damen can build icebreaking ships for Russia’s Arctic projects within short timeframes
13:25 Sweden’s largest port solar cell system inaugurated at Stockholm Norvik Port
13:15 MABUX: Bunker Weekly Outlook, Week 38, 2021
12:56 Keel-laying of Damen tug series for Atomflot held in Saint-Petersburg
12:51 MSC invests in new efficiency solution to reduce emissions from fleet
11:00 13th Annual Capital Link Shipping & Marine Services Forum took place with great success on September 13, 2021
11:00 Rolls-Royce and Sea Machines sign partnership to cooperate on smart ship and autonomous ship control solutions
10:34 APM Terminals partners with Siemens for energy optimisation and emission reduction at terminals