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DP World And Qingdao Port Group To Collaborate

by Lorys Charalambous, Tax-News.com, Cyprus

27 November 2014


DP World and Qingdao Port Group have signed a Strategic Framework Agreement to enhance port cooperation, the Dubai-based port operator has announced.

Under the framework agreement, signed by DP World Chairman Ahmed bin Sulayem and Qingdao Port Group Chairman Zheng Minghua in Jebel Ali on November 23, both parties intend to study current liner services and trade volumes between their respective ports to explore how they can further stimulate business growth.

They also agreed to begin sharing knowledge and experience 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.

Additionally, the agreement included a commitment to establish a new information sharing system on terminal operations, including port planning and development, management, productivity improvement, green port initiatives, and staff training.

DP World and Qingdao Port Group 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.

Ahmed bin Sulayem said that increasing cooperation between the two ports was an area of "great potential."

"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," he said.

TAGS: marine

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