Tuesday, January 30, 2018

Port and Logistics Group Uses Davos Forum to Influence Future Global Freight Trade

DP World Chairman and CEO Talks to Political Leaders
Shipping News Feature
SWITZERLAND – DUBAI – WORLDWIDE – As the world's senior political figures gathered in Davos for the latest World Economic Forum annual meeting one company making the most of the chance to put forward freight and logistics interests as the future of world trade came under scrutiny was international ports group DP World. Group Chairman and CEO Sultan Ahmed Bin Sulayem used the sidelines of the gathering to meet the great and the good, including sessions with with Ukrainian President Petro Poroshenko, Angolan President João Lourenço and Peruvian Prime Minister Mercedes Aráoz to discuss areas of mutual interest and to explore trade issues and infrastructure opportunities.

Mr Bin Sulayem was keen to discuss the development of complementary sectors in the global supply chain such as industrial parks, free zones and logistics to add further value for all its stakeholders. Setting these up across its business and in new locations around the world is intended as a major focus for the UAE based group in the coming year. He commented:

“Effective partnerships in each of the 40 countries where we operate today has been the foundation of our success and we’re always keen to build on existing relationships and open new ones. Our industry has a lot to look forward to this year and issues such as trade agreements, the growth and influence of emerging economies, economic diversification and technological innovation that will disrupt the way we do business globally.

“Peru has been a major part of our operations in South America for some years and the continent is a key market for us. Africa continues to offer many opportunities to grow our business there where we already have a sizeable presence. Ukraine has a promising logistics sector and with the right environment for economic development supported by favourable foreign and domestic policies, it will grow rapidly.”

In Peru, DP World operates DP World Callao, the main container terminal of Callao Port which handles 90% of the country’s total container trade. DP World Peru also opened the first smart logistics centre in Lurin, 40 kilometres south of the capital Lima, connected through optical fibres to its terminal at Callao. The centre delivers information to the port and customs, enabling customers to manage the movement of their cargo using their own electronic devices and smartphones.

In the case of Ukraine President Petro Poroshenko toured DP World’s flagship Jebel Ali Port and Free Zone last year as part of his official visit to the UAE to discuss bilateral cooperation in politics, security and foreign investment. Discussions focused on ways to grow Ukraine’s maritime and logistics sector. In 2016, DP World signed a Memorandum of Understanding (MoU) with the government of Ukraine to partner on matters of mutual interest.

DP World is already involved in the Ukrainian Port of Yuzhny through its P&O Maritime subsidiary and enjoys a strong presence in the Black Sea region with its Constanta Terminal in Romania, described by the company as a state-of-the-art facility with excellent deep-draft access.

Photo: The Intercontinental Hotel, Davos – venue for the World Economic Forum.