London Gateway boosts DP World traffic growth

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The ramp up of traffic at London Gateway contributed to a three per cent growth in container volumes for DP World last year.

In total, the ports group handled 61.7 million TEU across its container terminals globally, largely driven by the European and UAE terminals.

Sultan Ahmed bin Sulayem has become group chairman and chief executive officer of the group with immediate effect. He became chairman of DP World in May 2007 and has overseen DP World’s expansion, including the acquisitions of CSX and the P&O Group.

He said: “We expect to open our third berth at London Gateway in mid-2016, adding 600k TEU of new capacity. The additional 2 million TEU at terminal three Jebel Ali (UAE) will now be operational in the second half of 2016.

“While trading conditions in 2016 are expected to remain challenging, we believe a portfolio focused towards faster growing markets and origin and destination cargo, coupled with the addition of new capacity can continue to outperform the market.”

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