Rosatom State Corporation and DP World, one of the largest port operators in the world owned by the UAE government, have created a joint venture to develop transit container traffic along the Northern Sea Route, pro-arctic.ru reports.
Rosatom and DP World signed another cooperation agreement at the SPIEF-2023 in St. Petersburg. The parties agreed on the joint development of Eurasian transport logistics and container transportation along the Northern Sea Route.
The share of Rusatom Cargo (a subsidiary of the Rosatom State Corporation) in International Container Logistics LLC is 51%, DP World Russia from the UAE owns 49%. The authorized capital of the joint venture is 960 million rubles, Alexey Levitsky has been appointed CEO.
In July 2021, Rosatom and DP World signed a cooperation agreement to jointly design and develop a pilot project of a fleet of container ships for the Northern Sea Transit Corridor project, which involves the creation of a container line and hub ports for cargo transit along the Northern Sea Route.
At the same time, Rustom Cargo and DP World Russia signed an agreement on the establishment of a joint venture to implement a pilot transit project through the Northern Sea Route.
In 2018, Rosatom became an operator for the development of the infrastructure of the Northern Sea Route, including the nuclear icebreaker fleet. Rusatom Cargo is developing a feasibility study for a project to create a container line and hub ports in the east and west of the route for cargo transit along the Northern Sea Route.
DP World Group manages over 60 port terminals on six continents. The staff exceeds 100,000 people who work in 75 countries.
Alex Shishlo for Rough&Polished
