DP World is one of the world’s largest port operators. The company has teamed up with Moscow-based nuclear energy and technology company Rosatom to develop a “feasible and peaceful connection between Asia and Europe”. Sustainable" Northern Transit Corridor.

According to the agreement, the two entities will establish a joint venture to invest, build and operate transportation and logistics capabilities along the route connecting Southeast Asia and Northwest Europe. It shortened the travel time between the two continents by 19 days. The two entities stated in a joint statement on Thursday that “about a third of the world’s trade flows between the two continents” and that saving shipping time will “significantly reduce carbon dioxide emissions”.

Sultan Ahmed Bin Sulayem, Chairman and CEO of Dubai World Ports, stated that the company supports Russia’s efforts to diversify trade flows between Asia and Europe. effort. “The Northern Transport Corridor provides prospects for shortening the transportation time between East and West. He added: “Dubai World has committed to invest US$2 billion in the Russian Direct Investment Fund. We will continue to work with Russian partners to find solutions to make Sustainable development of the Northern Transport Corridor. "

Last year, the cargo transported in the northern transport corridor of Russia reached a record 33 million tons, and Russian President Vladimir Putin’s goal is to reach 80 million tons by 2024. The COVID-19 pandemic has highlighted the major challenges facing the supply chain, and many shippers have difficulty finding containers to transport their goods. Industry experts said that to maintain growth and rebuild confidence, traditional routes and methods need to be diversified and subverted. "Capacity shortages and disruptions during the pandemic exposed the weaknesses of the global economy. The Northern Transit Corridor, with Dubai as the global trading center, and the land corridors we are investing in and building across Asia, will open up more freight options. "The Northern Transport Corridor aims to promote the development of ports and transportation links on the northern coast of Russia to maintain economic activity. Alexey Likhachev said: "Building a sustainable transportation infrastructure in the Arctic opens up new opportunities for the development of Eurasian transport... This can be achieved within the best time frame, and through shorter route distances and advanced low-carbon energy. The application of the solution helps to reduce the environmental footprint." Rosatom's general manager, Rosatom, also known as the National Atomic Energy Company Rosatom, is a multi-industry holding company with assets including power engineering, mechanical engineering and construction.

Dubai World Ports has been expanding its global footprint to promote growth. As the global economy recovers from the COVID-19 pandemic, the company's container traffic increased by 10.2% in the first quarter and is expected to improve its performance in 2021.Editor/GongYan