DP World to invest £300m into new fourth berth at London Gateway logistics hub

DP World will invest £300m (US$415m) into 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.

Raising capacity by a third work on the new fourth berth will begin next month, 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.

Sultan Ahmed Bin Sulayem, group chairman and CEO of DP World, said: “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.