DP World to consider a role in Russia’s ‘Northern Sea Route’
Dubai port operator to jointly study expansion of Vladivostok seaport in major Russia push
Dubai’s ports and free zone operator DP World is turning its attention on Russia, having signed an agreement to “study” the feasibility for a new container berth in the Far East of Russia.
The new berth — If the study is favourable — will help to expand the Vladivostok Commercial Seaport as a “major transshipment hub connecting cargo from countries in East Asia to North-West Europe via the Northern Sea Route”. The study will be done alongside Fesco, Russia’s leading intermodal transport company.
Earlier agreement
It follows an earlier agreement between DP World and Rosatom to explore sustainable development of the route, which will increase the resilience of global trade.
DP World supports President Vladimir Putin’s vision for the Northern Sea Route, Sultan Ahmad Bin Sulayem, Group Chairman and CEO of DP World said.
DP World supports President Vladimir Putin’s vision for the Northern Sea Route, which is one of the last great trading routes in the world to be developed.”
Putin’s vision
“DP World supports President Vladimir Putin’s vision for the Northern Sea Route, which is one of the last great trading routes in the world to be developed,” said Bin Sulayem. “Opening up an alternative route to the Suez Canal between East and West will increase the resilience of world trade. It has great potential to develop economic activity and prosperity in Russia’s far north. It must be done sustainably to protect the pristine waters of the Arctic.” A record 33 million tonnes of cargo was carried along the Northern Sea Route last year. Russian President Putin has set a target of 80 million tonnes by end of 2024.
Sultan Ahmad Bin Sulayem | Group Chairman and CEO of DP World