June 15 in Saint-Petersburg ROSATOM and DP World today signed an agreement to jointly develop the Eurasian logistics and container shipping along the Northern Sea Route (NSR), a potential new trade route connecting Asia and Europe, which would add much-needed resilience to the global trade landscape.
The signing ceremony was attended by ROSATOM Director General Alexey Likhachev and Group Chairman and CEO of DP World, Sultan Ahmed Bin Sulayem.
The agreement is a step towards creating a viable route for container shipping through the NSR, supplementing the shipping routes around Africa or through the Suez Canal. The maritime sector currently accounts for nearly 3% of all global greenhouse gas emissions. By cutting the distance between Asia and Europe, and by using LNG-fuelled vessels, the NSR will significantly reduce emissions compared to current routes around Africa or through Suez.
Alexei Likhachev, Director General of ROSATOM, said: “The volume of global trade is growing every year, and efficient, safe and rhythmic cargo transportation routes are needed to ensure the sustainability of global supply chains. The Northern Sea Route is one of these routes, and strategic cooperation between Rosatom and DP World will contribute the development of its transit potential. As a result, global trade’s actors will be offered an opportunity of greater variety and safety of cargo shipping routes, as well as reduced delivery times and environmental burdens.”
Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: “Global trade needs global solutions. The blockage of the Suez Canal in 2020, the vulnerability of global trade to shocks, holding up trade valued at $9bn a day. The Northern Sea Route could be transformative for both global trade and the environment. Not only would it cut maritime carbon emissions, but it offers a new option for customers who depend on a single trade artery.”
Background:
ROSATOM is one of global technological leaders, with capacities in the nuclear sector and beyond, and business partners in 50 countries. As one of the pioneers of the nuclear industry, ROSATOM has traditionally been at the forefront of the international nuclear market, including nuclear power plant construction, uranium mining and enrichment, and nuclear fuel fabrication and supply. Today, thanks to the unique expertise accumulated over 75 years, the company is conquering the markets of new promising high-tech products. Hydrogen energy, energy storage, nuclear medicine, wind energy, composite materials, logistics business, environmental solutions - in total, more than a hundred new businesses, which cement ROSATOM’s standing among the leading tech giants.
DP World exists to make the world’s trade flow better, changing what’s possible for the customers and communities we serve globally.? With a dedicated, diverse and professional team of more than 103,000 employees spanning 75 countries on six continents, DP World is pushing trade further and faster towards a seamless supply chain that’s fit for the future. We’re rapidly transforming and integrating our businesses – Ports and Terminals, Marine Services, Logistics and Technology – and uniting our global infrastructure with local expertise to create stronger, more efficient end-to-end supply chain solutions that can change the way the world trades. What's more, we're reshaping the future by investing in innovation. From intelligent delivery systems to automated warehouse stacking, we’re at the cutting edge of disruptive technology, pushing the sector towards better ways to trade, minimising disruptions from the factory floor to the customer’s door.