Djibouti, DP World in Legal Spat

Posted by Greg Trauthwein
Tuesday, July 08, 2014
Djibouti (Image: Google Maps)

Djibouti said it had started legal action against DP World, seeking to rescind the Dubai-owned port operator's concession in Africa's largest container terminal in a row over how the contract was awarded.

"The resulting agreement unfairly favoured DP World," the government said in a statement, which questioned payments made in winning the concession in 2000.

DP World said it rejected Djibouti's allegations.

"We categorically reject the accusations and will vigorously defend our position during arbitration," a company spokesperson told Reuters by email. "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."

DP World, which has a portfolio of about 65 terminals across six continents, owns one-third of Djibouti's Doraleh Container Terminal, the company's annual report says.

Following the collapse of negotiations with DP World, Djibouti launched arbitration proceedings in London and expects the case to be heard in mid-2015.

DP World can run Doraleh while the case is pending.

"We have invested significantly in Djibouti over those years and have been a major contributor to its economy and to its community," DP World said.

"It is surprising the accusations come from a government whose parliament ratified our concession."

A former French colony, Djibouti hosts a French military base and the only U.S. military base in Africa. Its port is used by foreign navies policing the Gulf of Aden's shipping lanes, some of the busiest in the world, against pirates from Somalia, which borders the country to the south.

Doraleh is Africa's largest container terminal, the government said, while transport accounts for nearly a third of Djibouti's gross domestic product.

(By Matt Smith; Reporting by Matt Smith, editing by David Evans)

 

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

WFW Advises ING Bank on $340m Loan Facility for Euronav

Watson, Farley & Williams (WFW) has advised ING Bank N.V. (ING) as sole bookrunner and facility agent for a syndicate of banks on a $340 million loan facility made available to Euronav NV.

UN Authorizes Ship Inspections Near Somalia For Arms, Charcoal

The United Nations Security Council authorized the inspection of boats suspected of carrying illegal shipments of charcoal or weapons to and from Somalia on Friday,

Foster Wheeler & MDM Engineering Merged

Foster Wheeler AG announced today that an indirect wholly owned subsidiary of the Company has completed the acquisition of MDM Engineering Group Limited (“MDM”)

Ports

UN: Ship Inspections near Somalia for Arms, Charcoal

The United Nations Security Council authorized the inspection of boats suspected of carrying illegal shipments of charcoal or weapons to and from Somalia on Friday,

UN Authorizes Ship Inspections Near Somalia For Arms, Charcoal

The United Nations Security Council authorized the inspection of boats suspected of carrying illegal shipments of charcoal or weapons to and from Somalia on Friday,

Liebherr to Deliver RTGs to Mayotte and Manila

Liebherr confirms orders for variable speed RTGs and electric RTGs. DPWorld Asian Terminals Inc. has placed an order with Liebherr Container Cranes for a further 5 RTGs at its Manila facility.

Logistics

UN: Ship Inspections near Somalia for Arms, Charcoal

The United Nations Security Council authorized the inspection of boats suspected of carrying illegal shipments of charcoal or weapons to and from Somalia on Friday,

Singapore Bunker Meter Mandate Targets 'Frothy Fuel'

Singapore, the world's biggest bunkering port, plans to end the so-called "cappucino effect" in ship fuelling through new meters designed to stop suppliers from short-changing customers,

Antwerp Port Achieves Highest Throughput

The port of Antwerp handled a freight volume of 148,344,168 tonnes during the first nine months of this year. That’s 3.7% more than the same period last year. Both

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Offshore Oil Pod Propulsion Port Authority Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0993 sec (10 req/sec)