DP World and Rosatom sign agreement for Northern Transit Corridor

 

On July 23, at the Arctic Day, which took place in St. Petersburg (Russia), a Cooperation Agreement was signed between ROSATOM and DP World Corporation. The document was signed by ROSATOM Director General Alexey Likhachev and Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World.

ROSATOM seeking to develop its logistics business and DP World, a global leader in the logistics business, signed an agreement to join efforts in developing pilot container shipping between Northwest Europe and East Asia using the Arctic support transport infrastructure.  The national infrastructure operator of the Northern Sea Route (NSR) and the international global logistics leader believe that their cooperation in developing and testing the integrated Arctic-based cargo transport infrastructure services will give the market an opportunity to pilot an optional cargo transportation route that will improve the sustainability of the Eurasian exchange of goods and the world trade as a whole.

Russian President Vladimir Putin who is an adamant supporter of the Northern Sea Route meeting with Director General of State Atomic Energy Corporation Rosatom Alexei Likhachev.

“Building sustainable transport infrastructure in the Arctic opens up new opportunities in developing the Eurasian transit, which can be carried out in the optimal time frame and help reduce the environmental footprint through shorter routes and the advanced low-carbon energy solutions applied. Today, an important step in the development of a strategic international partnership between ROSATOM and DP World has been made,” Alexey Likhachev, Director General of ROSATOM said. 

Commenting on the event, 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.”

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DP World and Rosatom sign agreement for Northern Transit Corridor

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