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Robert.Jervis_43227 Jul 27

DP World breaks record

DP World breaks record image
Moves more than 1m TEU in six months for first time ever at London Gateway
DP World has, for the first time, handled more than one million TEU in six months at London Gateway, a record for the port as the leading provider of smart logistics solutions continues to make major investments in the UK’s infrastructure.
 
Between January and June, London Gateway saw throughput of 1,013,000 TEU, a 10% increase on the previous best half-yearly performance set in the second half of last year. This performance contributed to a record volume of cargo for DP World’s ports in the UK, with a combined total of 1,937,000 TEU when factoring in throughput at Southampton, Britain’s second largest container terminal.
 
DP World – which operates ports, terminals and logistics businesses on six continents – announced last year a further £300m investment in a new fourth berth at London Gateway, which will lift capacity by a third when it opens in 2024. Globally, the company reported a strong volume performance for the first six months of the year, with throughput growing by 2.7%.
 
Group Chairman and Chief Executive of DP World, Sultan Ahmed Bin Sulayem, said:

“Over the last 10 years, £2billion has been invested in the UK. London Gateway is one of the UK’s largest privately funded investment projects of the last 30 years and is set to grow further as part of Thames Freeport. Over the next 10 years around £1billion of further investment has been earmarked for the UK, making it our largest investment outside the Middle East.”
 
Ernst Schulze, UK Chief Executive of DP World, said:

“This record performance illustrates our capacity to expand customer choice by introducing new sailings while continually improving our capability to deliver first class services for all existing customers. We expect our UK business to continue to grow, fuelled by our rapidly expanding port-centric logistics park at London Gateway, one of the biggest facilities of its kind in Europe.
 
“Operating two ports means we offer unrivalled flexibility and choice to customers. Volumes can be switched quickly and easily between locations, giving customers more control over their supply chains and increasing security of supply for critical goods coming into the UK. No other logistics business can offer this level of flexibility and certainty.

The performance in the first half of the year was driven by a new international service, in addition to strong throughput from existing customers. Goods imported and exported which saw strong growth in the first half of the year included coffee, tea and clothing