GB£300m port investment

DP World London Gateway In the first six months of 2021 DP World London Gateway saw record throughput of 888,000 TEU. Photo: DP World
Industry Database

One of London’s ports is set to benefit from GB£300m investment.

In October, DP World will begin work on a new fourth berth at its London Gateway logistics hub to increase supply chain resilience and create more capacity for the world’s largest vessels.

Sultan Ahmed Bin Sulayem, group chairman and CEO of DP World, said: “I am delighted to announce that we will go ahead with our latest major investment in the UK, which will give London Gateway more capacity to handle the world’s largest vessels than any other port in the country.

“As a central pillar of Thames Freeport, London Gateway’s new fourth berth will allow even more customers to benefit from world class ports and logistics, with unrivalled global connectivity, on the doorstep of Europe’s largest consumer market. DP World plans to be at the heart of Britain’s trading future and this investment shows that we have the ambition and the resources to boost growth, support businesses, create jobs and improve living standards.”

Record H1 2021 throughput

In the first six months of 2021 London Gateway saw record throughput of 888,000 TEU, a more than 23% increase on the previous best performance for the first half of a year. The new fourth berth will raise capacity by a third and completion will coincide with the delivery of a new wave of 24,000 TEU vessels in 2023/2024, which will all be operated between Asia and Europe.

The Port of Tilbury, Ford’s Dagenham plant and DP World London Gateway will form Thames Freeport after being awarded freeport status by the Government earlier this year, with the partners currently progressing the business case with a view to receiving formal accreditation. DP World Southampton has also been awarded freeport status as part of Solent Freeport.

LATEST PRESS RELEASES

AWAKE.AI IS TO PROVIDE VESSEL SCHEDULE ESTIMATES FOR ALL FINNISH PORTS

Awake.AI won the tender to provide vessel schedule estimates for Finnish ports through Fintraffic Ve... Read more

KUENZ SIGNS AN EXCLUSIVE AGREEMENT WITH PORTXGROUP AUSTRALIA

KUENZ (Hard, Austria) Managing Director David Moosbrugger and PortxGroup (Melbourne, Australia) Fou... Read more

BEDESCHI NEW SUPPLY TO LEHIGH – MITCHELL PLANT

Bedeschi has been awarded a new order for the supply of two apron feeders to be placed in the primar... Read more

BERTH PLANNER TOOL GOES LIVE AT PORT OF GOTHENBURG

The launch of the new digital Berth Planner tool, Allberth, is underway at the largest port in Scand... Read more

Three Kuenz RMG cranes for CLIP Intermodal Container Terminal in Poland

The assembly of three Kuenz RMG cranes is almost done at the CLIP intermodal terminal in Swarzędz ne... Read more

View all