Lord Mayor of City of London Hails Foreign Direct Investment at UK’s New Super PortEvents, Finance, Logistics, News, Ports & Terminals — By admin on February 20, 2014 at 4:00 PM
20th February 2014, London: The Lord Mayor of the City of London, Fiona Woolf, welcomed the foreign direct investment by Dubai’s DP World into London Gateway, while visiting the recently opened deep-sea container port and Europe’s largest logistics park.
During her visit, the Lord Mayor, climbed one of the world’s largest quay cranes to have an elevated view of the massive three square mile site, where work is underway for a Common User Facility and other proposed distribution centres.
The Right Honourable Fiona Woolf, said: “The Port of London has a vital role in this country’s great trading history. As the Admiral of the Port of London, I am proud to say that the opening of DP World London Gateway has secured London as an international shipping and trading hub for the 21st century.
“This is a fantastic inward investment that will reduce cost for UK businesses and bring many new jobs and benefits to supply chains by bringing goods closer to consumers.”
DP World Group CEO, Mohammed Sharaf, said: “We were delighted to have the Lord Mayor of the City of London visit us at DP World London Gateway to see first-hand our investment and the benefits of having a major port and logistics park on London’s door step.”
London Gateway CEO, Simon Moore said: “By bringing the port and distribution back to London and closer to consumers we are enabling supply chain savings and the eight million people in London will benefit.”
Located in the heart of the UK’s largest consumer market, DP World London Gateway reduces time, CO2 and fuel costs associated with moving goods from distant distribution centres.
Several shipping lines have taken advantage of DP World London Gateway during recent bad weather, with the port being less impacted by weather due to its sheltered location. It has taken eight unscheduled calls since Christmas, while other UK ports were face with delays and closures during high winds.
DP World London Gateway has a weekly call by the Southern Africa Europe Container service operated by MOL, Maersk, Safmarine and DAL.
Starting in May, Hamburg-Sud and Hapag-Lloyd will operate the South America East Coast service, a South America West Coast, Caribbean, Australia and New Zealand service and a North America West Coast, India, Pakistan and Middle East services from the port.
About London Gateway
Opened in Q4 2013, DP World London Gateway is the UK’s first 21st Century major deep-sea container port and Europe’s largest logistics park. Owned and operated by DP World and situated on the north bank of the River Thames, London Gateway provides unrivalled deep-sea shipping access to the largest consumer markets in the UK. The port’s location, with its superior operational systems and service, ensure ships load and unload as fast as possible, making London Gateway a world class asset for the UK.
About DP World
DP World has a portfolio of more than 65 marine terminals across six continents(1), including new developments underway in India, Africa, Europe, South America and the Middle East.
Container handling is the company’s core business and generates more than three quarters of its revenue. In 2013, DP World handled 55 million TEU (twenty-foot equivalent container units). With its committed pipeline of developments and expansions, capacity is expected to rise to more than 100 million TEU by 2020, in line with market demand.
DP World has a dedicated, experienced and professional team of 28, 000 people serving its customers around the world, and the company constantly invests in terminal infrastructure, facilities and people to provide quality services today and tomorrow, when and where customers need them.
In taking this customer-centric approach, DP World is building on the established relationships and superior level of service demonstrated at its flagship Jebel Ali facility in Dubai, which has been voted “Best Seaport in the Middle East” for 19 consecutive years.
(1) As of February 2014.