Thursday, May 4, 2017

DP World Announces Developments in India and London Gateway

Port and Infrastructure Operator and Investment Fund to Back Projects Together
Shipping News Feature
INDIA – UK – Global port and freight facility operator DP World has announced today some new developments it is going to be undertaking to encourage logistics both in India and at their new UK port, the London Gateway.

DP World London Gateway, is to open a new off-dock empty container storage yard. The five acre yard will be located on Berth 7, outside of the terminal’s ISPS perimeter but adjacent to the port’s main gate and operated on behalf of DP by Solent Stevedores, who will offer a number of associated container services from the site.

Work to develop the yard will commence next month, with it then due to become operational by the first quarter of 2018 and is intended to complement the continued expansion of the Logistics Park. James Leeson, Head of Port Commercial, DP World London Gateway, said:

“DP World has an established relationship with Solent Stevedores in Southampton and is delighted that the company is supporting our growth with this new facility at London Gateway.

“It will provide more choice at the port for our customers when they’re seeking solutions for the storage of empty containers. The DP World London Gateway logistics hub is growing fast; the network of services operating out of the port is now truly global, with access available into or out of the port from all of the world’s major economic centres.”

Meanwhile in India, DP World and the National Investment and Infrastructure Fund (NIIF) have signed a Memorandum of Understanding (MoU) to develop the country’s logistics sector. The agreement comes as a result of the visit to India in February 2016 of the Crown Prince of Abu Dhabi and Sultan Ahmed bin Sulayem, DP World Group Chairman and CEO.

DP World announced at the time that it was seeking opportunities in the country worth over $1 billion over the next few years. This will be aimed at the development of port infrastructure of the Sagarmala project, creation of the Delhi – Mumbai Industrial Corridor, river transportation and cold chain storage, investing in port-led special economic zones and free trade zones. DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, said:

“We have been a part of India's growth story for nearly two decades now and we are delighted to further strengthen this relationship with the National Investment and Infrastructure Fund (NIIF). The NIIF plays a crucial role in financing India's infrastructure and we welcome their approach to encouraging development in the sector.

“The agreement is a direct result of the visit last year of H.H Sheikh Mohammed Bin Zayed and both our organisations will work together in backing suitable projects. This will further develop Prime Minister Modi's ‘Make in India’ and ‘Invest India’ campaigns by encouraging foreign direct investment and funding for landmark projects like Sagarmala and Bharatmala.

“One of the key priorities of the Indian Government is preventing the loss of agricultural produce. This can be managed through adequate marine and warehousing infrastructure including cold storage as well as development of inland waterways, reducing logistics costs at the same time. We are proud to partner with the Government and share our expertise and experience in these areas and the global supply chain to provide cost effective logistics and warehousing solutions to India's growing export and import trade.”