ShippingWatch

Djibouti offers compensation to DP World over terminal dispute

The East African country Djibouti is again offering a compensation to DP World to settle the terminal dispute, writes Financial Times. As recently as last week, DP World defended its right to operate a terminal in the country.

Arkivbillede fra DP Worlds havn i Jebel Ali. | Photo: DP World

In the most recent development of the long-standing dispute between the Dubai-based terminal operator and the East African country, Djibouti is offering to pay compensation for "more or less half a billion dollars" to settle the conflict, says Aboubaker Omar Hadi, Chair of Djibouti Ports and Free Zones Authority (DPFZA), to Financial Times.

Hadi refuses that an arbitration case could solve the dispute and says DP World must accept that the company may no longer operate the container terminal in the country.

Read the whole article

Get 14 days free access.
No credit card required.

  • 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

Alphaliner: HMM set to go private in 2022

The South Korean state is reportedly prepared to divest container line HMM after having rescued the company from bankruptcy in 2016. According to Alphaliner, South Korea's central administration has confirmed a plan to privatize the carrier in 2022.

400 people risk being laid off at Seadrill

Once the contracts for two of Seadrill's drilling rigs expire, around 400 of the company's 1,050 employees are at risk of losing their jobs, reports media. Labor union expects the carrier to announce dismissals prior to Christmas.

Further reading

Related articles

Latest news

See all jobs