DP World wins again and legal costs rack up for Djibouti and China Merchants
The republic of Djibouti is running up a significant legal bill; DP World has won ...
London, United Kingdom, 06 April 2021: DP WORLD today announces that Southampton, Britain’s second largest container terminal, will benefit from a major programme of investment in 2021 designed to take it up to the next level as a premier international freight and logistics hub.
DP World Southampton is part of DP World, the leading global provider of smart logistics, and one of its two UK deep water ports with freight rail terminals which were awarded Freeport status by the Government last month. The new infrastructure investment totalling £40m is designed to provide customers with speed, security, reliability and flexibility and will include:
Ernst Schulze, Chief Executive of DP World in the UK, said: “DP World Southampton is the most productive port in Britain, turns container trucks around faster than any of its competitors and at 30 per cent also has the highest proportion of its containers moved by rail.”
“At DP World we think ahead to create smarter trade solutions and this £40m programme of investment will ensure that our Southampton terminal continues to grow as a major freight and logistics hub. Our aim is to partner in our customers’ business success and we are already seeing a surge of interest from companies which want to take advantage of the customs zone and tax benefits resulting from Southampton and London Gateway becoming Freeports.”