The Dubai-based port operator said the transfer of Port de Djibouti SA shares in the terminal joint venture to the government of Djibouti appeared to be an attempt to undermine a new ruling by the English High Court on the increasingly acrimonious dispute.
17 Jul 2018
The company overseen by Beijing’s State-owned Assets Supervision and Administration Commission likened its plans for the east African country to the development of its home base of Shekou and Shenzhen in southern China, where it has carried out extensive port, industrial, and real estate development.
05 Jul 2018
Djibouti’s strategic location on the Gulf of Aden makes the area an important military outpost for several world powers.
11 Apr 2018
The warning follows reports that Djibouti is working with other parties at the disputed Doraleh Container Terminal (DCT), a move DP World said would violate its exclusivity rights. Further, DP World said it has started new arbitration proceedings at the London Court of International Arbitration to settle the DCT issue with the government of Djibouti.
12 Mar 2018
DP World has accused the government of Djibouti of illegally seizing the Doraleh Container Terminal.
06 Mar 2018
DP World said the government of Djibouti had seized its Doraleh terminal as part of a “campaign to force DP World to renegotiate the terms of the concession.”
05 Jul 2017
The move follows on the heels of rival Maersk Line revamping its India-Africa service network.