DP World + Zhejiang Seaport sign trade agreement: The UAE’s DP World has partnered with China’s Zhejiang Seaport Group to expand port logistics and shipping routes between Jebel Ali Port in Dubai and Ningbo-Zhoushan Port in China, Wam reported on Thursday. The pair will also evaluate the possibility of increasing Chinese investments in the UAE’s logistics sector, including in the Jebel Ali Freezone.

What we know: The two sides aim to develop new maritime routes between the two ports by attracting shipping companies through slot exchanges and vessel space purchase on the Dubai to Ningbo route.

And there’s more: The pair will also work together to encourage the development of green and low-carbon ports, according to the statement. The pair will form frameworks to establish knowledge sharing on building green terminals, the use of shore power, and green fuel for ships.

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