DP World had partnered with US-based Virgin Hyperloop One to launch DP World Cargospeed, a new global company intended to provide hyperloop-enabled cargo systems to support the fast, sustainable and efficient delivery of palletised cargo. The first initiative of its kind in the world, the company is expected to deliver freight at the speed of flight and closer to the cost of trucking.
Hyperloop is a futuristic mode of passenger and freight transportation in which a pod-like vehicle is propelled through a near-vacuum steel tube, with most of its air removed, at higher than airline speed. Next-generation magnetic levitation technology combined with a lowpressure tube environment enables the pods to move quickly with little friction. Hyperloop can achieve top speeds of up to 300 metres/second, making it two to three times faster than highspeed rail.
In addition, the technology facilitates autonomous operations designed to reduce human errors and run with minimal delays. Hyperloop is more cost-effective to implement and operate than high-speed rail. Its fully electric and zero direct emissions make it a highly environmentally friendly technology.
The Virgin Hyperloop One system underpinning DP World Cargospeed doesn’t need to be passenger-only or cargo-only. It is a mixed-use system that fully utilises system capacity and maximises economic and social benefits. Systems are 100% electric and can be powered by renewable energy, creating a more sustainable solution for cargo transport.
Speaking at CNBC, company Chairman Sultan Ahmed bin Sulayem, said that the first project will be in India, as it signed an agreement and now it looks at how to test the project.
Nevertheless, the Chairman did not reveal when the project will start, and he did not provide a timeline as well. However, an announcement to clarify these details is expected soon.