Dubai-headquartered DP World plans to launch a feasibility study looking into the value of using Hyperloop systems for moving containers from ships docked at the Jebel Ali port to a new inland container depot.

The global port operator announced the signing of a memorandum of understanding (MoU) with the US’ Hyperloop One for this purpose on 16 August.

The initial study will focus on efficient handling of containers, costs, benefits, demand and volume patterns of moving cargo using the new technology, a statement from the company said.

“By testing the Hyperloop technology at Jebel Ali for cargo use, we’re taking a first step in exploring new ways of enabling trade and underlining Dubai’s commitment to innovation,” DP World group chairman and CEO Sultan Ahmed bin Sulayem said.

DP World’s innovation initiatives include the launch of Turn8, a $60m venture capital fund that invests in early-stage technology start-ups.

Hyperloop One utilises pods for the high-speed transport of passengers and goods. The pods or tubes are propelled by linear induction motors and air compressors.

Hyperloop is an open source technology, which means independent firms can develop compliant systems based on its design. The Hyperloop trademark is registered under Space Exploration Technologies (SpaceX), a US company founded by Elon Musk, who is also co-founder, CEO and product architect at US-based electric car manufacturer Tesla Motors.