DP WORLD
DP World to invest US$ 414mn in new fourth berth at London Gateway Logistics Hub Move to strengthen UK’s Supply Chain
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P 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.
48 OCTOBER 2021
DP World and FESCO to jointly study development Northern Sea Route Northern Route will increase resilience in global trade and reduce shipping time between East Asia and North-West Europe DP World has agreed to jointly study with FESCO, Russia’s largest intermodal transport operator, the technical and economic conditions for developing a new container berth in the far east of Russia, according to a press communiqué. The new berth will help to expand Vladivostok Commercial Seaport as a major transshipment hub connecting cargo from countries in East Asia to North-West Europe via the Northern Sea Route. It follows an earlier agreement between DP World and Rosatom to explore sustainable development of the route, which will increase the resilience of global trade. Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, signed the agreement at the Eastern Economic Forum in Vladivostok with Andrey Severilov, Chairman of the Board of Directors, FESCO. “The Northern Sea Route will increase the resilience of world trade. It has great potential to develop economic activity and prosperity in Russia’s far north. It must be done sustainably to protect the pristine waters of the Arctic,” affirmed Bin Sulayem.
