Court Orders DP World's Rights Restored for Doraleh Port

Maritime Activity Reports, Inc.

January 14, 2020

A London arbitration court has ordered Djibouti to restore DP World's right to operate the Doraleh Container Terminal as detailed under a 2006 concession deal within two months or pay damages, the state news agency WAM reported on Tuesday.

The government of Djibouti seized the terminal from Dubai government-controlled DP World in February 2018 over a dispute dating back to at least 2012.

An independent expert has estimated the losses to DP World at more than $1 billion, WAM reported. 

(Reporting by Asma Alsharif; Editing by Jan Harvey)

Maritime Reporter E-News subscription

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week

Subscribe for Maritime Reporter E-News