Global trade enabler DP World participates at the 24th World Energy Congress

Global trade enabler DP World participates at the 24th World Energy Congress

Global trade enabler DP World participates at the 24th World Energy Congress

/ News & Interviews / Tuesday, 27 August 2019 10:14

Participating in the World Energy Congress for the first time, global trade enabler DP World will be showcasing its experience, capabilities and operations in energy logistics and sustainable mobility.

Under the theme ‘Making Energy Flow’, DP World will demonstrate the connectivity of energy-related cargo movement around the world. At the 2019 WEC, DP World will engage the international energy community on the logistics of the energy sector supply chain, with a focus on maritime logistics through its subsidiary P&O and the promise of sustainable transportation through Hyperloop and DP World CargoSpeed.

During the event, DP World will highlight its leadership in data-driven energy sector logistics through the deployment of next generation technologies that optimize supply chains.

Maritime Services

As part of its expansion and diversification as a solutions provider in global logistics, DP World recently announced the acquisition of Topaz Energy and Marine Limited from Renaissance Services and Standard Chartered Private Equity/Afrma Capital for $1.1 billion.

Topaz is a leading provider of critical marine logistics and solutions to the global energy industry, operating a modern, versatile fleet of 118 vessels, predominantly in the Caspian, MENA, and West Africa regions. The deal positions DP World/P&O as a leading global operator in marine and logistics services through strategic investments in companies backed by high earnings visibility and strong customer networks. The acquisition complements the operations of P&O’s maritime services business which maintains a fleet of more than 300 vessels, operating globally in 4 core service areas: Oil & Gas, Government, Port Marine and Cargo.

At WEC 2019, visitors can learn more about P&O’s expansion into energy logistics, which has the company focusing on new segments of the energy industry through innovations that deliver safer, faster, and more efficient solutions. These solutions include the re-thinking of offshore logistics for oilfields as well as the construction and design of Module Carrying Vessels (MCVs) to transport modular units to Kazakhstan for installation at a megaproject in the Tengiz field – the sixth-largest oil field in the world.

Technology & Drydocks

P&O will also be showcasing its track record of more than three decades in providing services to maritime, oil, gas, and energy companies operating worldwide. As part of the range of services on offer to the sector, P&O provides technology and drydocks operations, featuring a leading ship repair, conversion and offshore fabrication yard.

Hyperloop

A strategic partnership between DP World and Virgin Hyperloop has developed the groundbreaking DP World CargoSpeed concept, with the potential to transform logistics for on-demand shipments through hyperloop-enabled systems that offer an ultra-fast, sustainable and efficient delivery of palletized cargo.

By enabling ultra-fast deliveries of high-priority goods, DP World CargoSpeed aims to revolutionize logistics and support the creation of thriving economic regions while delivering freight at the speed of flight but at a cost closer to that of standard trucking.

As a sustainability pioneer, DP World is developing a system which will be 100% electric and can be powered by renewable energy, creating a more sustainable solution for cargo transport.

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