DP World rejects settlement in African port dispute

The government in Djibouti informed recently that it is negotiating with DP World to settle a financial compensation. But the port operator now rejects all talk of a settlement out of court.

International port terminal operator DP World rejects all speculations that the company is considering a solution outside of the international court system in the remarkable dispute with the government in Djibouti in Africa.

The country's government has taken control of the strategically important port in the city of Doraleh by the Red Sea, thus revoking a long-term concession with DP World to operate the container terminal in the port.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Esvagt strikes huge deal with Totalenergies

The French oil major expands its partnership with the Danish service carrier, which secures long-term contracts on eight vessels that will now deliver far more than safety solutions. The agreement is expected to create jobs for more than 160 seafarers.

Western Bulk aims for listing in third quarter

The strong dry bulk market is prompting Norway's Western Bulk to aim for a listing in the third quarter. The carrier projects that the market will strengthen in the second half of the year.

Further reading

Related articles

Trial banner

Latest news

See all jobs