Dubai PR Network, Online Press Release from Dubai and Middle East
 
Technology, Computers & IT(Technology)
Filter PR by
  
Hyperloop Transportation Technologies and HHLA Form New Joint Venture to Solve Shipping Industry Challenges
 

HyperloopTT forms a new company with Port of Hamburg terminal operator Hamburger Hafen und Logistik Aktiengesellschaft (HHLA) focused on using Hyperloop technology and innovation to solve the shipping industries most pressing issues. 

Dubai, UAE - (December 5, 2018) -- Hyperloop Transportation Technologies (HyperloopTT/HTT)  announced today the creation of a joint venture company with Hamburger Hafen und Logistik Aktiengesellschaft (HHLA)  the leading container terminal operator in the Port of Hamburg. The company will focus on integrating the latest container movement innovations with hyperloop technology into the largest rail port in Europe. Additionally, the new company will bring this new technology to ports, shipping, and logistics companies around the world.

The joint venture will develop and bring to market a Hyperloop transport system for seaport and inland shipping container operations. The project will begin with an initial study on connecting a cargo-based Hyperloop system from an HHLA container terminal to container yards located further inland, thereby expanding the port’s capacity, while reducing congestion within the port and city area, and lowering the carbon footprint of the port.  Initially, the construction of a transfer station for testing purposes at a HHLA terminal in Hamburg is planned, including an initial 100 meter cargo route along with a special freight capsule and loading dock.

For many decades, HHLA has been leading the way in port innovations. In the late 1990s, the company was first to introduce GPS and automated port operations. In 2001, it was one of the first terminal operators to incorporate self-driving vehicles into daily operation, a groundbreaking innovation for other ports around the world. With this new company, HHLA continues a tradition of port innovation to service the millions shipping containers that come through annually.

“With the Hyperloop transport system, HHLA is pursuing the goal of developing an additional component of efficient logistic mobility solutions in Germany,” said Angela Titzrath, Chairwoman of HHLA’s Executive Board. “As a gateway to the future, we want to employ innovative approaches to make a contribution towards relieving the strain on the transport infrastructure in and around the Port of Hamburg and to use the capacities of our terminal facilities in an even more efficient way.”

“HHLA has a long history of innovation. Years before we we're talking about self driving vehicles, containers moved autonomously in Hamburg,” said Dirk Ahlborn, CEO and co-founder of Hyperloop Transportation Technologies. “Together, we will develop a complete system, that not only concentrates on speed and efficiency, but also takes into account the issues ports face in daily operation.”

“Together with HHLA, this joint venture will be able to develop a commercial product that fills a missing need in the port industry,” said Bibop Gresta, chairman and co-founder of HyperloopTT. “We have one of the best possible partners to bring this to market globally.”


Posted by : Dubai PR Network Editorial Team
Viewed 7716 times
PR Category : Technology
Posted on : Wednesday, December 5, 2018  5:23:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Global Knowledge Index 2018 and The Future of Knowledge: A F...
Next Story : HP Commits to Educate 100,000 Across Africa in the Next Thre...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Move Aside C-beauty, K-beauty and J-beauty - There's a New Trend in Town and It Hails Fro... [7125-Views]
Inglot Cosmetics Partners With Cartoon Network for Limited Edition “The Powerpuff Girls” B... [6875-Views]
Autumn/Winter 19: Step out in the latest styles with City Centre Deira and City Centre Mir... [6570-Views]
Think LUNETTE for an earth-friendly period [5722-Views]
ACE launches its new and inspirational Outdoor collection [4654-Views]
Dress for Diwali With the Rack by Kachins [4551-Views]
Restoration by Parmigiani Fleurier -The Yusupov Egg [4526-Views]
Chain Reaction [4526-Views]
Sandro Launches Evening Capsule Collection [4319-Views]
‘A Gift of Gold' offers at Malabar Gold & Diamonds [4246-Views]
Celebrate guilt-free shopping to your fullest! [4148-Views]
Handbags and Gladrags [4142-Views]
VAIO returns to Middle Eastern in partnership with Nexstgo [4111-Views]
Eighth World Championship title in all categories for Tissot Ambassador Marc Marquez [4093-Views]
Unifonic empowers business to capitalize on instant messaging apps to engage with customer... [4050-Views]
New Strategic Partnership with Hewlett Packard Enterprise to help accelerate Abu Dhabi Dig... [4020-Views]
MBRU and King Saud University in Saudi Arabia join forces to enhance academic collaboratio... [3898-Views]
His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum Challenges the City to Be ‘I... [3874-Views]
Peugeot Boxer 4x4 Concept Revealed [3855-Views]
Saudi Arabia's Ministry of Energy highlights enhanced cybersecurity credentials at GITEX T... [3770-Views]
Dubai Land Department welcomes Saudi Minister of Housing [3697-Views]
Hazzaa AlMansoori Undergoes Medical Experiments at Stars City as part of His Scientific Mi... [3697-Views]
During a press conference to announce the completion of preparations of Summit that will b... [3672-Views]
Victoria Beckham Eyewear Debuts New Collection for Fall 2019 [3672-Views]
Team Abu Dhabi Stars Chase Double World Title Boost in China [3593-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories