London Gateway Will Add Value to Supply Chain

MarineLink.com
Friday, June 21, 2013

DP World’s London Gateway, the U.K.’s new deep-sea port and Europe’s largest logistics park opening in Q4 this year, will prove that ports add value to the supply chain, delegates to the 11th annual 3PL Summit and Chief Supply Chain Officer Forum in Chicago were told yesterday.

Peter Ward, London Gateway supply chain commercial manager, said, “London Gateway is overturning the traditional view that ports add cost, not value. We are reversing the trend – shortening supply chain time, distance and cost because our port is closer to the main manufacturing and consumer markets.”

London Gateway, 25 miles from central London on the River Thames, is due to open later this year and the team is currently making a series of presentations in the United States to showcase the benefits of both the port and the adjacent logistics park.

Mr. Ward said, “The development of this logistics spark – Europe's largest – is a game-changing opportunity for shippers to redesign logistics networks to support doing business in today’s dynamic markets. There is an insatiable appetite to reduce transport costs and inventory whilst maintaining or even improving product availability and speed to market, and we are in the best position to make that happen.”

He added London Gateway provided a great opportunity for U.S. exporters, importers and forwarders trading with the U.K. to protect and grow market share in the face of stiffening competition from emerging markets.

Last week leading retailer Marks & Spencer announced plans to build a major distribution center at London Gateway’s logistics park. Alan Stewart, CFO, Marks & Spencer, said, “We will reduce the lead times between goods landing in the U.K. and getting into our stores, in front of our customers, from about three weeks to three days.”

The Chicago forum, organized by EyeforTransport, attracted 575 delegates and is one of the largest annual gatherings of shippers, forwarders and 3PLs in the U.S.

The London Gateway team also hosted an Insight breakfast for local companies as well as for people attending the summit to give them a greater understanding of the benefits the port and logistics park can deliver.

A spokesman for one of the leading global forwarders remarked that “London Gateway is bucking the trend. As ports around the world move further away from manufacturing and consumer markets in search of deeper water for bigger ships, London Gateway is mitigating longer supply chains by locating the port and logistics park closer to the U.K.’s main markets.”

 

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Diamond Offshore Shares on the Rise

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a better-than-expected quarterly profit as it cut drilling costs and hiked prices,

Italian Pleads Guilty to Marine-hose Price-fixing in US

A former executive of Parker ITR Srl pleaded guilty on Thursday to conspiring to rig bids for marine hose and was sentenced to two years in prison, the U.S. Justice Department said on Thursday.

Ecochlor Raises $10m for BWT Maket

Ecochlor, Inc. announced that it has completed a $10 million equity financing to support its growth into the burgeoning ballast water treatment market. Since its formation in 2001,

Ports

Petroecuador Tenders to Buy High Octane Naphtha

State-run Petroecuador has launched two tenders to buy a total of 22 cargoes, 240,000 barrels each, of high octane naphtha RON 87 and 93 for delivery starting on May 21-23,

DP World in Talks With Banks for $3b Loan

Dubai-owned port operator DP World is in talks with lenders to triple the size of an existing $1 billion loan, as well as extend the lifespan and reduce the interest rate,

Hong Kong Receive BMT Maritime Strategic Study

BMT Asia Pacific (BMT), a subsidiary of BMT Group Ltd, says it has completed a major strategic study - “Enhancing Hong Kong’s Position as an International Maritime Centre (IMC)”,

Logistics

Imperial: Decision on Canadian LNG Project Distant

Imperial Oil Ltd said on Thursday it is not yet close to deciding on whether it will go ahead with a Canadian liquefied natural gas export plant it is exploring

No Lift for Konecranes as Q1 2014 Profit Slips

Finnish crane maker Konecranes on Thursday reported a 32-percent fall in its core quarterly operating profit amid slow demand and tight competition. January-March 2014 operating profit,

GAO: Limited Commercial Arctic Development Foreseen

Decreasing seasonal sea ice has opened up Arctic waters for longer periods with resulting potential economic opportunities in commercial shipping, cruises, commercial fishing, oil, and mining.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Pod Propulsion Salvage Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1961 sec (5 req/sec)