UAE - Mubasher: DP World will invest GBP 300 million in a new fourth berth at its London Gateway logistics hub to raise supply chain resilience and create more capacity.
This investment builds on DP World's GBP 2 billion investment in the UK over the last decade to offer integrated supply chain solutions, according to a press release on Wednesday.
The work on the fourth berth will start next month.
During the first six months of 2021, London Gateway has recorded a throughput of 888,000 TEU, 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 24,000 TEU vessels in 2023/2024, which will all be operated between Asia and Europe.
The Group Chairman and CEO of DP World, Sultan Ahmed bin Sulayem, said: "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."
Sulayem added: "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."
