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DP World says ‘business as usual’ for UK after Brexit

DP World CEO says London Gateway business operations unaffected following EU referendum result in UK.
London Gateway is DP World's flagship container terminal in Britain.
London Gateway is DP World's flagship container terminal in Britain.

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DP World group chairman and CEO, Sultan Ahmed Bin Sulayem says he does not expect to see a significant impact on cargo throughout at London Gateway terminal following the UK’s decision to leave the EU.

"DP World provides world-class marine and logistics services across the UK, Europe and the rest of the world and we continue to provide our customers with the highest standards of service they expect to receive,” he told LogisticsMiddleEast.com.

"Our ability to continue facilitating UK trade with the rest of the world remains unchanged, regardless of the UK’s membership of the EU. It is very much business as usual for DP World in the UK,” he added.

The UK voted on Friday to leave the European Union, a referendum result that shocked global markets, sending the British pound to 30-year lows against the dollar.

UK Prime Minister David Cameron announced his intention to resign by October, by which time he indicated the British government would invoke Article 50 of the Lisbon treaty, putting in place the legal process of leaving the European Union.

There has been much speculation and uncertainty regarding the impact that the referendum result might have on the UK’s trade relationship with Europe. The details will depend entirely on the outcome of future negotiations between the UK and EU on its post-membership trade agreements.

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