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DP World, Qingdao Port Group ink port cooperation deal

DP World, Qingdao Port Group ink port cooperation deal
DP World
DPW
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DP World and Qingdao Port Group have announced signing a strategic framework agreement to enhance port cooperation between the two firms. Signed by DP World Chairman HE Sultan Ahmed bin Sulayem, and Qingdao Port Group Chairman HE Zheng Minghua, the agreement aims to bolster ties between their respective ports in Qingdao, China and Dubai.

The agreement was signed during Mr Zheng’s recent visit to Jebel Ali, statement by DP World revealed, adding that the two firms are already joint venture partners and the agreement builds on the existing collaboration between the two marine terminal operators, focusing on enhancing dialogue and collaboration between the Port of Qingdao and DP World’s ports in Dubai, namely Jebel Ali and Mina Rashid.

According to the agreement, both parties intend to study current liner services and trade volumes between their respective ports to explore how they can further stimulate business growth. Moreover, the two parties agreed to initiate knowledge and experience sharing in the field of cruise terminal operation and management, and to discuss the feasibility of establishing cruise services between the Port of Qingdao and Mina Rashid.

Commenting on the deal, DP World Chairman HE Sultan Ahmed bin Sulayem stated “Qingdao is an important and busy part of our network in our Asia Pacific region and we have a strong partnership with Qingdao Port Group which is beneficial to all. Like DP World, Qingdao Port Group is extremely customer focused and we look forward to working even more closely with them in the future to offer enhanced services. We are excited about the possibility of developing cruise services between Mina Rashid and Qingdao. This is an area of great potential. We look forward to working with HE Zheng and Qingdao Port Group to further strengthen the relationship between our two trading nations and our two companies.”