Saturday, April 4, 2020

Djibouti signs new port deal after ending DP World contract

Must Read

President Trump impeachment articles delivered to Senate for trial

The articles of impeachment charging US President Donald Trump with abuse of power and obstruction of Congress were delivered...

US soldier killed in Kenya is identified after Alshabab attack that left 3 Americans dead

 A U.S. Army specialist killed with two other Americans in an attack Sunday by al-Qaida-aligned militants in...

3 Americans killed in Al-Shabab attack at Kenyan military base

One U.S. service member and two American Department of Defense contractors were killed in a terror attack...
- Advertisement -

Djibouti’s Doraleh Container Terminal Management Company has signed a deal with Singapore-based Pacific International Lines (PIL) to raise by a third the amount of cargo handled at the port, the country’s Ports and Zones Authority said on Tuesday.

The agreement is expected to raise performance at the Doraleh Container Terminal, allowing it to handle an extra 300,000 20-foot equivalent unit containers (TEU) annually, the authority said, without providing any further details.

Last month, Djibouti ended its contract with Dubai’s DP World, one of the world’s biggest port operators, to run the Doraleh Container Terminal, citing failure to resolve a dispute that began in 2012.

- Advertisement -

DP World called the move an illegal seizure of the terminal and said it had begun new arbitration proceedings before the London Court of International Arbitration, which last year cleared DP World of all charges of misconduct over the concession to run the terminal.

The Doraleh terminal has a capacity of 1.6 million TEUs per year. “This agreement is a first important step towards Doraleh Container Terminal fulfilling its capacity potential,” the ports authority said.

PIL is one of Asia’s biggest shipping companies, ranked “11th amongst the top container ship operators in the world,”, it said on its website.

- Advertisement -

Reuters

- Advertisement -

Latest News

President Trump impeachment articles delivered to Senate for trial

The articles of impeachment charging US President Donald Trump with abuse of power and obstruction of Congress were delivered...

US soldier killed in Kenya is identified after Alshabab attack that left 3 Americans dead

 A U.S. Army specialist killed with two other Americans in an attack Sunday by al-Qaida-aligned militants in Kenya has been identified by...

3 Americans killed in Al-Shabab attack at Kenyan military base

One U.S. service member and two American Department of Defense contractors were killed in a terror attack on a military base in Kenya that...

Al-Shabaab jihadists attack US-Kenya military base

 Jihadists from Somalia's Al-Shabaab group on Sunday attacked a military base used by US and Kenyan forces in Kenya's coastal Lamu region,...

Somalia: Spare the civilians, Red Cross and Red Crescent tell warring parties

Mogadishu (ICRC) – The International Committee of the Red Cross (ICRC) and the Somali Red Crescent Society (SRCS) call on all armed...

MORE NEWS

FEATURED

UAE’s Mohammed bin Zayed ordered the attack that killed 90 in Somalia..

A major terrorist attack hit Somalia yesterday, right at a time when Turkey is preparing for a military operation in Libya,...

Becoming Chinese’: Meet the first Somali in the world to “become Chinese”

NO MORE NORMAL I was born in Mogadishu in 1968 and my father is an optologist, who trained in Italy. Back then Somalia...

Could Somalia become the next Texas?

The story of Somalia is being rewritten, and Texas’s oil boom of the early 20th century is a good marker for...

Somali wrongly convicted in Alpi case gets 3 mn euros

A Somali man wrongfully convicted in the Mogadishu murder of RAI reporter Ilaria Alpi and her cameraman Milan Hrovatin on Friday got three million...