Within just nine years since it began operations, DP World’s terminal at London Gateway has achieved a major milestone by handling its 10 millionth container.
The achievement highlights London Gateway’s impressive history of expansion. In its first full year of operation in 2014, the company transported 1.8 million TEU, Twenty-foot Equivalent Units. Last year, that number increased by about 650 percent to 1.8 million TEU.
A new $380 million fourth berth, when it debuts in 2024, will further boost the capacity by an additional third.
“After the disruption of recent years, shipping lines and cargo owners are looking for capacity, reliability and growth opportunities. We are providing it, enabling customers to move goods smoothly and efficiently in and out of the UK and across their supply chains.”
The DP World UK CEO further added that, “Within a decade, London Gateway is likely to be handling up to 30 percent of the country’s containerized trade. Its port-centric logistics park will be one of the largest in Europe, employing 12,000 people and underpinned by investment in a second rail terminal and a new fourth berth.”
The most sophisticated logistics hubs in the UK are run by DP World, which also manages two deep water ports with access to rail freight terminals at London Gateway and Southampton.
The premier provider of smart logistics solutions offers additional freedom and choice for shipping lines, cargo owners, and exporters by providing a selection of deep-water entry and exit locations to and from the UK.
Between January and June this year, London Gateway handled more than one million TEU, according to DP World’s announcement in July. DP World’s ports in the UK handled a record amount of cargo in the first half of the year, totaling 1,937,000 TEU when throughput at Southampton is taken into account.
DP World has contributed $2.17 billion in investments over the past ten years, sustaining thousands of jobs in the UK. It has allocated an additional $1.09 billion in investment over the following ten years, which will serve as a spark for the revitalization of some of the nation’s most impoverished neighborhoods.