TMS Awards 2023Sailors SocietyPort of StocktonGeneva DryPort of South LouisianaTBA Group
  • Port of South Louisiana
  • Van Aalst
  • Bühler GmbH
  • Telestack
  • Vigan
  • Geneva Dry

DP World to run Russian NSR ports

DP World to run Russian NSR ports

(Posted on 17/06/19)

DP World is to operate ports that Russia plans to build along the northern sea route in the Arctic to shorten shipping times between the east and west.

The Russian Direct Investment Fund - being an investment fund of the Russian Federation, investing together with foreign investors in Russian assets; ROSATOM - the infrastructure operator of the NSR; Norilsk Nickel - the world leader in the production of palladium and high-quality nickel, and DP World - one of the largest global port and logistics operators have agreed to jointly implement a project for the integrated development of the NSR.

The quadrilateral agreement of intent was signed on June 6, 2019 during the St. Petersburg International Economic Forum. The agreement outlines a comprehensive piece of work which will study of the most effective commercial options for the use of the Northern Sea Route. The parties intend to create a strategic partnership in the form of a joint venture for the development of transit cargo traffic through the NSR.

The key objective of the project is to increase the volume of freight traffic through the NSR and the Arctic zone of the Russian Federation. The document was signed by Dmitriyev Kirill Alexandrovich, Director General of the RDPI Management Company, Vladimir Potanin, President of Norilsk Nickel, Alexey Likhachev, Director General of Rosatom, and His Excellency Sultan Ahmed Bin Sulayem, Chairman and CEO of DP World (DPW) For the first stage, the parties to the agreement will have to develop a strategy to increase the efficiency of the use of the NSR and to determine ways of developing transit traffic.

The focus will be on linear transportation of containers and other bulk cargo along the Northern Sea Route. It will be necessary to determine the amount of funding for the design and construction of an additional ice-class fleet and icebreakers, as well as the port infrastructure. A separate important area of work: ensuring industrial safety and environmental protection in the implementation of transportation along the NSR.

The project partners are all world-renowned experts in their field of competence. The Russian Direct Investment Fund has many significant opportunities to attract foreign capital in the largest investment projects in the Russian Federation. ROSATOM is the authorized infrastructure operator of the Northern Sea Route and the owner of the world's only nuclear icebreaking fleet. "Norilsk Nickel", whose production facilities are located in the Far North, have many years of experience and knowledge in the field of logistics passing through the NSR.

The company provides cargo transportation not only for its own needs, but is a key participant in the “northern delivery” in the Arctic region of the country. DP World is one of the world's largest and recognized global port operators and a leader in global digital supply chain solutions that specializes in freight logistics, terminal services and freight services.

His Excellency, Sultan Ahmed bin Sulayem said, “DP World is uniquely positioned to help drive the development of the NSR. We are excited about the possibilities and the benefits this will bring not only to the Russian economy, but to customers in Asia and Europe. Our expertise in developing new Ports, infrastructure and innovative new supply chain solutions, are key factors in our successes over the last few decades. We see enormous potential in NSR and look forward to creating new successes with our partners”

The parties agreed to establish a joint working group to conduct an analysis and prepare a feasibility study for the project within six months. Subject to this work being completed a next stage decision will be made on the further development of the project. “Norilsk Nickel is one of the pioneers in the development of the Arctic, a company with unique experience in operating the Northern Sea Route. We will share it for the further development of this unique route”, noted Vladimir Potanin.

Latest News

Duluth earns favourable marks in Green Marine environmental rating

(Posted on 14/06/24)

The Duluth Seaway Port Authority and its terminal operations on Rice’s Point ranked among the... Read more


Humber Freeport makes new home in historic trade centre

(Posted on 07/06/24)

Associated British Ports (ABP) has announced that the Humber Freeport Company has located its headquarters... Read more


Partnership for Lake Ontario short sea shipping corridor with USA

(Posted on 07/06/24)

The Hamilton Oshawa Port Authority (HOPA Ports) has announced an agreement with an affiliate of Beowulf... Read more


Stockholm and Baltic ports seek funds for Ukrainian cooperation

(Posted on 01/06/24)

Ports of Stockholm, together with Odessa headquartered law firm Interlegal and the Baltic Ports Organization... Read more


German and Lithuanian ports working together

(Posted on 31/05/24)

Co-operation in the maritime industry between Lithuania and Germany continues to grow. This is one of... Read more


New collaboration on Flemish seaport circular economy impact

(Posted on 28/05/24)

The Vrije Universiteit Brussel (VUB) has launches a new chair in collaboration with Circular Flanders... Read more


AD Ports launches Maritime Sustainability Research Centre

(Posted on 28/05/24)

AD Ports Group, a leading facilitator of global trade, logistics and industry, based in Abu Dhabi, has... Read more


250 hectares available for new industrial activities on HAROPA Port land

(Posted on 22/05/24)

The “France 2030 Turnkey Sites” scheme announced in May 2023 by the French government has... Read more


AD Ports to develop Chittagong Port

(Posted on 22/05/24)

AD Ports Group, a leading facilitator of global trade, logistics and industry, has signed a MoU with... Read more


Centre of Expertise in Port Logistics launched in Quebec

(Posted on 15/05/24)

The Centre of Expertise in Port Logistics has been launched in Canada at the 4th Assises québ... Read more


ViganTelestackBühler GmbHVan AalstCimbria
  • TBA Group
  • Cimbria

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping