News Content
DP World and Djibouti to fight out in court Doraleh CT concession
DP WORLD and the Government of Djibouti are going to London arbitration on overriding terms of the concession to operate Africa's largest container terminal.
"It is surprising the accusations come from a government whose parliament ratified our concession," the Dubai-owned port operator told Reuters. The company says it owns one-third of the Doraleh container terminal.
"The resulting agreement unfairly favoured DP World," the government said in a statement, which questioned payments made in winning the concession in 2000.
"We are disappointed that the government has chosen to take this action after working so closely with us as partners over the past 14 years," said DP World.
Following the collapse of negotiations with DP World, Djibouti launched arbitration proceedings in London. It can operate Doraleh while the case is pending. Neither side said when the case was likely to be resolved.
"We categorically reject the accusations and will vigorously defend our position during arbitration," a DP World spokesperson was quoted as saying.
"It is surprising the accusations come from a government whose parliament ratified our concession," the Dubai-owned port operator told Reuters. The company says it owns one-third of the Doraleh container terminal.
"The resulting agreement unfairly favoured DP World," the government said in a statement, which questioned payments made in winning the concession in 2000.
"We are disappointed that the government has chosen to take this action after working so closely with us as partners over the past 14 years," said DP World.
Following the collapse of negotiations with DP World, Djibouti launched arbitration proceedings in London. It can operate Doraleh while the case is pending. Neither side said when the case was likely to be resolved.
"We categorically reject the accusations and will vigorously defend our position during arbitration," a DP World spokesperson was quoted as saying.
Latest News
- For the first time, tianjin Port realized the whole process of dock operati...
- From January to August, piracy incidents in Asia increased by 38%!The situa...
- Quasi-conference TSA closes as role redundant in mega merger world
- Singapore says TPP, born again as CPTPP, is now headed for adoption
- Antwerp posts 5th record year with boxes up 4.3pc to 10 million TEU
- Savannah lifts record 4 million TEU in '17 as it deepens port
