Mohammed bin Rashid attends launch of DP World Cargospeed

Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum today attended the launch of DP World Cargospeed, a new global company created through a partnership between global trade enabler DP World and Virgin Hyperloop One, to provide hyperloop-enabled cargo systems to support the fast, sustainable and efficient delivery of palletised cargo.

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Mohammed bin Rashid attends launch of DP World Cargospeed

Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum today attended the launch of DP World Cargospeed, a new global company created through a partnership between global trade enabler DP World and Virgin Hyperloop One, to provide hyperloop-enabled cargo systems to support the fast, sustainable and efficient delivery of palletised cargo.

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KPT says molasses leakage at oil installation area

Karachi Port Trust (KPT) has said on April 07 that a molasses leakage incident took place in a private terminal “Pakistan Molasses Company (PMC)” yard at (Shireen Jinnah Colony), near Karachi port yesterday. The terminal is a private entity, however, KPT has provided all rescue and medical support to the terminal and the Crisis Management Center of KPT immediately started rescue operations.

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DP World wins 30-year concession for greenfield port of Banana

DP World has won a 30-year concession with an option of a further 20-year extension for the management and development of a greenfield multi-purpose port project at Banana, Democratic Republic of the Congo (DRC). The Port of Banana will be the first deep-sea port in the country along its small coastline of 37 kilometres, which currently only has the riverine port of Matadi.

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DP World to acquire stake in Kazakhstan’s special economic zones

Global trade enabler DP World and the government of Kazakhstan signed two framework agreements in Abu Dhabi today relating to the acquisition, governance and management of Special Economic Zones (SEZ) in Aktau and Khorgos. DP World has been providing management services to the Port of Aktau, Kazakhstan’s main cargo and bulk terminal on the Caspian Sea, and Khorgos SEZ, which is strategically situated on the China-Kazakhstan border and has been acting as the primary transit point for trans-Eurasian cargo trains for more than four years.

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