ShippingWatch

Asia-Europe services elude London Gateway

The UK's new, state-of-the-art container port, London Gateway is not yet being called in by the large Asia-Europe services. One year after the opening of the port, the country's container market is instead characterized by growing capacity and increased competition.

Photo: London Gateway

London Gateway, the large container port that opened in late 2013 and was fully prepared to receive the new mega-vessels of up to 19,000 teu, has yet to land the significant big customers - specifically the Asia-Europe services, where the enormous vessels are primarily deployed.

The project, which has Dubai-based DP World as a primary investor and which was conceived before the financial crisis arrived in 2008, can look forward to increased competition instead. This is due to the massive private investments in the other ports of the UK, reports the Financial Times.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Several factors explain the plummeting dry bulk rates

Dry bulk rates have taken an unusual dive at the beginning of 2022. Most recently, the Baltic Dry Index dipped by 4 percent Friday. Several factors have triggered a ”panic in the market,” an analyst explains to ShippingWatch.

Further reading

Related articles

Latest news

See all jobs