Feature, Freight News, Sea

DP World to build berth 4 at London Gateway

[ September 15, 2021   //   ]

DP World says it will begin work next month on a fourth berth at London Gateway to increase resilience and create more capacity for the world’s largest vessels.
The £300m it will spend builds on the £2bn investment DP World has made in the UK over the last decade.
In the first six months of 2021 London Gateway saw record throughput of 888,000teu, up 23 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 24,000teu vessels on Asia/Europe trades in 2023/2024.
Group chairman and chief executive of DP World, Sultan Ahmed Bin Sulayem, 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.”
Chancellor of the Exchequer, Rishi Sunak, guest of honour at the commercial launch of Thames Freeport at London’s Savoy Hotel on 15 September added: “Our new freeports will create national hubs of trade, innovation and commerce, and attract more investment to regenerate communities and level up the UK.”
Along with the Port of Tilbury and Ford’s Dagenham plant 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, further cementing the critical role of both logistics hubs in the UK’s international trade.