Archive 2 - Page 188 of 1311 - World Port Development

DMCA and Lloyd's Register sign MOU on joint research & development activities

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1 December 2016

Amer Ali, Executive Director of the DMCA, and Tom Boardley, LR’s Executive Vice President and Global Head of Corporate and External Affairs, signed the MoU.

Amer Ali, Executive Director, Dubai Maritime City Authority, said: “Our MoU with LR falls in line with our total commitment to supporting the Dubai Maritime Sector Strategy and Dubai Industrial Strategy, to plan and establish a dynamic and safe maritime sector over the next decades in step with Dubai’s growth into a leading global maritime gateway. LR is an excellent partner in this regard given its outstanding reputation for integrity, impartiality and technical excellence. The passion our organizations share for ensuring that the interests of our clients are safe, sustainable and dependable will enable us to jointly set new benchmarks for maritime excellence particularly in R&D and commercialization locally and across the region.”

Under the terms of the MoU, both parties will set up a joint applied technology cluster to drive research and accelerate the development of mid to high level technology readiness areas that support current and future maritime industry needs. They will also organize and participate in regular workshops aimed at identifying subject areas with the potential to become significant joint research and development prospects. Moreover, the signatories will pursue opportunities for the commercialization of technology and organize and participate in joint academic and scientific activities such as conferences and knowledge exchanges with industry.

LR’s Tom Boardley added: “Dubai Maritime City Authority has extensive expertise in maritime development and is thus an excellent partner for us to seek new avenues for growth and expansion in the region and deliver better and more innovative services to our customers. For our part, we are committed to exchanging knowledge and best practices to help accelerate Dubai’s transformation into a premier global maritime centre. The axis of our Singapore and Southampton Global Technology Centres will be used to drive through the collaboration”

Since its inception in 2007, DMCA has been pursuing effective and strategic partnerships with renowned international organizations and major industry players. The recent MOU with LR is the latest in a series of global agreements signed by the DMCA to advance the development of a safe and vibrant maritime sector that fully supports the sustained economic growth of the emirate of Dubai.

Ministry of Commerce in China approves Konecranes' pending acquisition of Terex's MHPS business

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1 December 2016

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Completion of the MHPS Acquisition remains subject to additional customary closing conditions. The previously received approval of the European Commission is conditional on a commitment by Konecranes to divest its STAHL CraneSystems business. Furthermore, Konecranes and Terex are not allowed to close the MHPS Acquisition until the Commission has approved the buyer(s) of the STAHL CraneSystems business.
Konecranes and Terex continue to be fully committed to the MHPS Acquisition and are working closely with the competition authorities in the remaining jurisdictions to obtain regulatory approvals allowing completion of the MHPS Acquisition in early 2017 as planned.

MSC launches new feeder service in ICTSI Georgia unit

News

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1 December 2016

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MSC launches new feeder service in ICTSI Georgia unit

The new service features fast connections between the Port of Batumi and the ports in Gioia Tauro, Italy; Burgas, Bulgaria; and Ilichevsk and Odessa in Ukraine.

“The service features improved transit times and increased direct port calls. MSC designed the service to be cost efficient for customers and fast to eliminate the risk of weather-related port closures,” explained Nikoloz Gogoli, BICT Chief Executive Officer.

MSC’s feeder service also links ports in SAEC, SAWC, the US, the East Mediterranean, Thyrennian and other ports South of the Suez Canal. BICT expects the service will be more efficient with the completion in 2017 of new highways that will connect main cities via the shortest possible routes.

Three keys to OBOR's success: funding, collaboration & innovation

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30 November 2016

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Three keys to OBOR's success: funding, collaboration & innovation

Reflecting on DP World’s global network with over 77 marine and inland terminals in 40 countries, Mr. Bin Sulayem pinpointed three keys to OBOR’s success during a panel discussion entitled ‘China’s Grand Initiatives: Where are the Opportunities?’
DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem said: “We believe in China’s One Belt One Road initiative and see huge potential in it, but it is essential that there is a focus on funding, collaboration between nations and innovation for it to be truly successful.

“The resources required to develop OBOR are vast, with estimates between USD 2 trillion and USD 3 trillion per year. While government backed financial institutions have been created, there is a need to address the gap between public and private funding. At the same time, collaboration is key to harmonise customs processes, develop multimodal connectivity and remove complexities from the global supply chain with policies and procedures that promote cross-border trade and investment.
“Finally, opening up the ancient trade routes of the Silk Road will require creativity, entrepreneurship and an open mind. Solutions to enable trade will push the boundaries of what’s possible and this is why we’ve invested in the Hyperloop One.”
Following a USD multi-million dollar investment in US based Hyperloop One for research and development of Hyperloop technology, Mr. Bin Sulayem was recently elected to its Board of Directors. DP World and Hyperloop One are conducting a feasibility study on moving containers from ships docked at DP World’s flagship Jebel Ali Port via the Hyperloop system to a new inland container depot in Dubai. The study will also focus on efficient handling of containers, costs, benefits, and demand and volume patterns of moving cargo using the new technology.

DP World’s experience and expertise in markets across the OBOR region spans South Asia, China, Pakistan, India, Kazakhstan and throughout Europe. That multi-national and cultural understanding has enabled the company to become a “knowledge exporter” on trade issues, providing insight and advice to Governments involved.

Mr. Bin Sulayem added: “OBOR is a global initiative, one from which we all stand to benefit. Done in the right way, the opportunities from it will be enormous and we look forward to working with China and other nations to realise its goals. China and the UAE are partners in this journey – we are on the same ‘Belt and Road’”.

During his visit, Mr. Bin Sulayem met with senior Chinese government officials including Carrie Lam, Chief Secretary for Administration of the Hong Kong SAR government and Margaret Fong Shun-man, Executive Director of the Hong Kong Trade Development Council (HKTDC).