DP World has announced that it will begin work next month 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 £300m sum – which builds on the £2bn investment DP World has made in Britain over the last decade – represents the next step by the leading global provider of smart logistics in delivering integrated supply chain solutions for customers.
In the first six months of 2021 London Gateway saw record throughput of 888,000 TEU, a 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.
Along with the Port of Tilbury London Ltd Forth Ports Limited and Ford UK’s Dagenham plant, DP World London Gateway will form Thames Freeport after being awarded freeport status by the Government earlier this year.