London Gateway Predications Playing Out

Investment and the welcoming of new clients continues at the UK's newest port, as the DP World London Gateway makes its mark on the country's maritime sector. BMI's prediction that the launch of the DP World facility would negatively impact other UK ports is playing out, with services switching from Tilbury.

The DP World London Gateway, the UK's newest port, has once again highlighted its core strength - the fact it is the country's most modern box facility - with the implementation of a quad lift. The crane, the first of its kind at a UK port, is capable of lifting four twenty-foot equivalent containers (TEU) containers or two forty-foot equivalent containers (FEU) containers at one time, thereby cutting loading and unloading times at the port.

The modern facility is already starting to attract customers and is winning them from other UK ports - a trend that BMI predicted. The latest companies to announce that they would be swapping to the DP World port are Hapag-Lloyd, which is planning to make the London Gateway its UK call on its Chile-Peru Express (SW1), Brazil-River Plate Express (BPX) and Indian Ocean Service (IOS) in May 2014; and Hamburg Sud, which has also announced it will transfer three of its services to the London Gateway in the same month.

Brighter Box Outlook As Economy Recovers
LHC: United Kingdom Port Traffic, TEUs. RHC: United Kingdom Real GDP growth, % y-o-y

or Register now for free to read the full article

This article is tagged to:
Sector: Freight Transport, Shipping
Geography: United Kingdom

Access all of our latest analysis, data and forecasts - request a trial