Major investment in London Gateway
Building a fourth berth at its London Gateway logistics hub is DP World's next project. The GBP 300 million (EUR 351 million) investment - on top of the GBP 2 billion (EUR 2.34 billion) DP World has invested in its operations in Britain over the last decade – is also an answer to the size of today’s big vessels.
In the first six months of 2021, London Gateway saw record throughput of 888,000 teu, a 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.
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 in 2021. (cd)