Move to strengthen UK’s Supply Chain
DP World recently announced that it will begin work in October 2021 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.
The £300mn (US$ 414mn) sum which builds on the £2bn (US$ 2.76bn) investment DP World has made in Britain over the last decade and represents the next step by the leading global provider of smart logistics in delivering integrated supply chain solutions for customers.
“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,” remarked Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World.
“Our new freeports will create national hubs of trade, innovation and commerce, and attract more investment to regenerate communities and level up the UK,” said Rishi Sunak, UK Chancellor of the Exchequer.
In the first six months of 2021 London Gateway saw record throughput of 888,000 TEU, more than 23 per cent 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, a press communiqué concluded.
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