Frederick University and DP World Limassol signed a Memorandum of Understanding (MoU) on Thursday, 23 May 2024, providing for two full scholarships and paid internships for students, collaboration in research and more.

The MoU was signed by DP World Limassol CEO Mr Simon Pitout, and Frederick University’s Head of the Department of Maritime Transport and Commerce, Mr Angelos Menelaou, further strengthening their strategic partnership in fields of common interest.

The partnership agreement provides for two full scholarships funded by DP World Limassol, as well as paid internship opportunities for Frederick University students following maritime studies.

It also covers the joint organisation of scientific conferences and seminars, collaboration on research projects in areas of common interest, and exposure to the maritime industry through work experience and sponsored field trips to renowned international maritime organizations.

In statements, Mr Pitout said: “We are very pleased to extend our cooperation with Frederick University. Over the past few years, Frederick University students pursuing a degree in shipping or related fields took part in internships at DP World Limassol, with a number of them being offered permanent positions. Through this agreement, we hope to further enhance our collaboration with the academic community, offering students even more opportunities and strengthening the country’s maritime industry”.

On his part, the Head of the Maritime Studies Department at Frederick University, Mr Menelaou stated: “Nautical tourism is a growth sector in Cyprus, offering exciting employment opportunities for graduates. Our University attaches great importance to cultivating closer ties between academia and industry, and values our collaborations with business stakeholders in all the blue economy sectors. We are extremely pleased to have laid the groundwork for cooperation with DP World Limassol, and I am confident that today’s agreement will be to the benefit of all current and future students pursuing maritime studies at our university”.