DP World signs strategic framework agreement with Qingdao Port Group

Dubai: When terminal operator DP World bought out CSX World Terminals more than a decade ago, the concession in Qingdao in northeast China was viewed as one of the best assets in the acquisition, and so it has proved with the port’s box volumes leaping every year. Now, DP World has signed a strategic framework agreement with Qingdao Port Group to enhance port cooperation.

Under the framework 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.

They also 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 in Dubai.

Additionally, the agreement included the intention to establish a new cohesive and systematic approach to information sharing on terminal operations, including port planning and development, management, productivity improvement, green port initiatives and staff training.  [24/11/14]

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