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  • 2016 August 16 18:07

    DP World partners with Hyperloop to evaluate new technology

    Global trade enabler DP World has signed  a Memorandum of Understanding (MoU) with US - based Hyperloop One to explore the role of  innovation in the future of world trade, the company said in its press release.

    The collaboration is for feasibility studies that analyse the value of using Hyperloop systems in  the UAE, with an initial focus in Phase 1 on moving containers from ship s docked at DP World’s  flagship Jebel Ali Port via the Hyperloop tube to a new inland container depot in Dubai.

    The  initial study will focus on efficient handling of containers, costs, benefits, demand and volume  patterns of moving cargo using the new technology.

    About DP World

    DP World is a leading enabler of global trade and an integral part of the supply chain. DP World  operates  multiple  yet  related  businesses  – from  marine  and  inland  terminals,  maritime  services,  logistics and ancillary services to technology - driven trade solutions. DP World has a portfolio of 77 operating marine and inland terminals supported by over 50 related businesses  in 40 countries across six continents with a significant presence in both high - growth and mature markets.  Container  handling  is  the  company’s  core  business  and  generates  more  than  three  quarters  of  its  revenue. In 2015, DP World handled 61.7 million TEU (twenty - foot equivalent units) across its portfolio.  With  its  committed  pipeline  of  developments  and  expansions,  the  current  gross  capacity  of  79.6  million  TEU is expected to rise to more than 100 million TEU by 2020, in line with market demand.




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