DP World reports record UK volumes in 2021 as it invests £340 million in national infrastructure
During the 12-month period, DP World’s port-centric logistics hub at London Gateway saw throughput of 1,804,871 TEU, a 15% increase on the previous annual record set last year. At DP World Southampton, the UK’s second-largest container terminal, throughput in the 12-month period was 1,871,081 TEU, which contributed to a record combined UK total of 3,675,952 TEU.
DP World – which operates ports, terminals and logistics businesses on six continents – announced last year a further £300 million investment in a new fourth berth at London Gateway on top of the ongoing £40 million invested at Southampton. Globally, the company reported strong financial results for the six months to 30 June 2021, with EBITDA growing 18.2% year-on-year.
“These record UK numbers underline the fact that we have the capacity and capability to continue delivering first-class services for all existing customers whilst expanding customer choice by handling new sailings,” commented Ernst Schulze, Chief Executive of DP World in the UK. “We also plan to continue our investment in rail interconnectivity at both hubs, easing congestion on the roads. Already, 30% of containers at the Port of Southampton are moved by rail – the highest proportion in the UK.”
Strong throughput from existing customers and the arrival of six new major international shipping services at the two terminals drove the 2021 performance.
Imports and exports through London Gateway and Southampton included automotive parts, white goods and household furniture, as consumers spent more on physical products during the pandemic, while foodstuffs remained important in the overall cargo mix.
Southampton and London Gateway have both been awarded freeport status as part of Solent Freeport and Thames Freeport respectively, further cementing the critical role of both locations in the UK’s international trade.
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