DP World Partners at the World Energy Summit
Leader in enabling global trade showcases energy logistics expertise and sustainable mobility innovations
Global trade enabler DP World and its subsidiary P&O, will be participating in the 24th World Energy Congress (WEC) as the ‘Logistics Partner to the Energy Industry’. Attending this event for the first time, DP World will showcase its global experience, capabilities and operations in energy logistics and sustainable mobility. The WEC is the world’s most important global energy event and will be held in the Middle East for the first time.
Under the theme ‘Making Energy Flow’, DP World and P&O will demonstrate the connectivity of energy-related cargo movement around the world as they engage the international energy community and shed light on the best practices, trends and future outlook of logistics across the energy sector supply chain. Key focus areas will include marine logistics through P&O and the promise of sustainable transportation through DP World Cargospeed systems, enabled by Virgin Hyperloop One technology.
Sultan Ahmed Bin Sulayem, DP World Group’s Chairman and CEO, stated: “DP World is pleased to participate in and support the 2019 World Energy Congress in Abu Dhabi. The event represents an ideal opportunity to highlight our leadership, investment and experience in energy logistics. As a progressive end-to-end global logistics solutions provider with a footprint in more than 45 countries, we are committed to enabling smarter trade to make a better future for everyone while creating synergies within the energy industry supply chain.”
“Through strategic network growth, acquisitions and partnerships, DP World successfully established a world-leading logistics infrastructure, diversifying its portfolio to better serve the dynamic trade needs of our customers through the deployment of next-generation technology and innovations that deliver safer, faster, efficient, and more sustainable solutions,” Bin Sulayem added.
P&O, a DP World company, has a rich marine heritage which spans more than a century, operating a fleet of over 300 vessels globally. Having established an enviable track record in providing exceptional services to the energy industry, P&O will showcase its premier range of maritime support services for governments, oil and gas companies, suppliers, and service companies operating across the globe.
DP World’s recent acquisition of Topaz Energy and Marine for $1.1 billion represents a critical strategic investment that demonstrates its commitment to leadership and excellence in energy logistics. The deal adds substantial scale and complements the operations of P&O’s marine services business, cementing its position as a leading operator in energy sector logistics.
Topaz has been a leading provider of critical marine logistics and solutions to the global energy industry for some time, operating a modern fleet of 118 vessels, predominantly in the Caspian, MENA, and West Africa regions.
Moreover, P&O, leveraged by the Topaz acquisition, will continue its tradition of innovation by rethinking offshore logistics for oilfields, such 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.
As part of the range of services on offer to the sector, P&O also provides technology and drydocks operations, featuring a leading ship repair, conversion and offshore fabrication yard.
Visitors at DP World’s stand at WEC 2019 will also have access to the groundbreaking futuristic DP World Cargospeed concept, developed through a strategic partnership with Virgin Hyperloop One. This concept has the potential to transform logistics for on-demand shipments through hyperloop-enabled systems that offer ultra-fast, sustainable and efficient delivery of palletised cargo.
DP World Cargospeed aims to 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 sustainability pioneers, DP World and Virgin Hyperloop One are developing a system which will be 100% electric and can be powered by renewable energy, creating a more sustainable solution for cargo transport.
DP World will be exhibiting at stand H7-150 and visitors will be able to access a variety of unique and interactive modules, platforms and user-experiences.