The paradoxes of port productivity
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FDX: ABOUT USPS PRIVATISATIONFDX: CCO VIEWFDX: LOWER GUIDANCE FDX: DISRUPTING AIR FREIGHTFDX: FOCUS ON KEY VERTICALFDX: LTL OUTLOOKGXO: NEW LOW LINE: NEW LOW FDX: INDUSTRIAL WOESFDX: HEALTH CHECKFDX: TRADING UPDATEWMT: GREEN WOESFDX: FREIGHT BREAK-UPFDX: WAITING FOR THE SPINHON: BREAK-UP ALLUREDSV: BREACHING SUPPORTVW: BOLT-ON DEALAMZN: TOP PICK
FDX: ABOUT USPS PRIVATISATIONFDX: CCO VIEWFDX: LOWER GUIDANCE FDX: DISRUPTING AIR FREIGHTFDX: FOCUS ON KEY VERTICALFDX: LTL OUTLOOKGXO: NEW LOW LINE: NEW LOW FDX: INDUSTRIAL WOESFDX: HEALTH CHECKFDX: TRADING UPDATEWMT: GREEN WOESFDX: FREIGHT BREAK-UPFDX: WAITING FOR THE SPINHON: BREAK-UP ALLUREDSV: BREACHING SUPPORTVW: BOLT-ON DEALAMZN: TOP PICK
PRESS RELEASE
London, United Kingdom, 10th October 2022: DP WORLD today announces that work has started on site to build a new fourth berth at its London Gateway smart logistics hub.
The resilience of the UK supply chain will be strengthened by the £350m project, which builds on DP World’s £2bn investment in Britain over the last decade. On completion in 2024 it will lift London Gateway’s capacity by a third, giving it more room to handle the world’s largest vessels than any other port in the country.
Ernst Schulze, UK Chief Executive of DP World, said: “I am delighted that we have taken the next step in delivery of the new fourth berth and made clear our commitment to investing in and regenerating the areas where we operate. Over the next 10 years we have earmarked a further £1bn of investment in this country.”
“The construction of the new fourth berth is creating 1,000 jobs and London Gateway’s rapidly growing logistics park will employ 12,000 people when it is completed in five years’ time. Our investment is a catalyst for the regeneration of one of the most deprived areas in the UK, which is currently in the top decile of deprivation.”
Seamus Devlin, McLaughlin & Harvey Civil Engineering Director, added “We are delighted to have been awarded the contract with DP World and to begin delivering this vital piece of national infrastructure. We bring with us extensive experience in the marine sector, and look forward to engaging with our local supply chain and creating jobs locally.”
DP World operates the UK’s most advanced logistics hubs: two deep water ports at London Gateway and Southampton with access to freight rail terminals, and a rapidly expanding logistics park on the doorstep of the capital. By offering a choice of deep-water entry and exit points to and from the country, the leading provider of smart logistics solutions is giving greater flexibility to shipping lines, cargo owners and exporters.
In a record for the port, DP World announced in July that London Gateway handled more than one million TEU in six months between January and June. When factoring in throughput at Southampton this performance contributed to a record volume of cargo in the first half of the year for DP World’s ports in the UK, with a combined total of 1,937,000 TEU.
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