DP World to begin building new UK port

Dubai-owned DP World will begin work on a large new container port outside the British capital later this year, the company said in a statement. DP World said it had signed a 400 million pound (US$745 million) contract to build 1.2 kilometers (nearly a mile) of quay at the "London Gateway," about 25 miles (40 kilometers) outside of central London in a joint venture with Laing O'Rourke PLC and Dredging International. The "London Gateway," the first deep-sea container port built in Britain in more than 25 years, is expected to handle 3.5 million 20-foot (6-meter) equivalent units of containers, DP World said. That would put it on the same scale of Felixstowe in southeast England, already Britain's largest container port, according to Michael Bell, a professor of transport operations at Imperial College in London. DP World said... [read full story]