News on Djibouti.
Arabian port major DP World is considering investing in Eritrea as a possible key destination at the Horn of Africa, says CEO. Eritrea could thus become an alternative to Djibouti, where the company is in a dispute with the government concerning a terminal concession.
DP World insists that a concession arrangement for the container terminal in Doraleh in Djibouti remains valid. The Djibouti government refuses to acknowledge the outcome on an arbitration case in London that sided with the Dubai-based port operator in the dispute.
Terminal operator DP World still claims to have a legally binding agreement to operate a container terminal in Djibouti in East Africa. The country's government terminated a concession arrangement with DP World in February 2018.
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.
Djibouti' s controversial decision to terminate a long-term contract with DP World does not deter interest from other operators, says the African country's government.
The government in African nation Djibouti maintains that the concession with DP World concerning the country's Doraleh Container Terminal has been canceled.
CMA CGM is allegedly in talks with the government in Djibouti about a container terminal, reports Alphaliner. A surprise development after DP World recently lost its concession in the African country.
Treasury Risk Manager with focus on financial risk management - Group Treasury, Bunker Holding
Executive, Operations - BW LPG
