International Finance
FeaturedShipping and Ports

DP World opens 11.5 acres container park at Southampton to increase storage capacity

DP World Southampton-IFM (1)-image
The new container park was developed with an investment of around £3m

Dubai-based port operator DP World has opened a new 11.5 acres empty container park at Southampton to increase storage capacity during the upcoming festive season, media reports said. The new container park was developed with an investment of around £3 million.

The new park is part of DP World’s ongoing £40 million investment to take the port at Southampton to the next level as a smart logistics hub – which will provide customers with speed, security, reliability and flexibility.

Ernst Schulze, UK chief executive of DP World told the media, “We now have 25 percent more storage capacity at Southampton than before which will enable us to maintain productivity and service levels for the vital next few months and beyond.

“Operating two ports at Southampton and London Gateway means that we offer unrivalled flexibility and choice to customers. Volumes can be switched quickly and easily between locations, giving customers more control over their supply chains and increasing security of supply for critical goods coming into the UK. No other logistics business can offer this level of flexibility and certainty.”

DP World’s plan to invest around £40 million to improve its container terminal at Southampton, which is Britain’s second-largest container terminal, was announced earlier this year.

The funding will be used for dredging and widening of the berths to accommodate the world’s biggest ships in the world. The deep-water port was awarded Freeport status by the UK government in March.

What's New

Business Leader of the Week: Hyundai Motor appoints Jose Munoz as Co-CEO amid shift

IFM Correspondent

Egypt aims to boost entrepreneurship investments to USD 5 billion: PM Mostafa Madbouly

IFM Correspondent

IF Insights: Australia’s big fight against scams

IFM Correspondent

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.