Friday, June 20, 2025
Home Port News Djibouti ready to pay DP World compensation

Djibouti ready to pay DP World compensation

Djibouti would be prepared to pay DP World compensation of “more or less half a billion dollars . . . as early as next week” to settle a dispute over control of the city’s Doraleh container terminal.

In an interview with the Financial Times, Aboubaker Omar Hadi, chairman of Djibouti Ports & Free Zones authority, rejected talk of arbitration to settle a long-running dispute over the most modern port in east Africa, saying that DP World had to accept it was no longer involved in running the facility.

“For us arbitration is over,” he said. “They have to sit down with us, take their money and go.”

Read more on Financial Times.





Latest Posts

Port Houston welcomes federal funding boost for Houston Ship Channel Expansion

Port Houston has expressed strong support for the inclusion of US$161 million in the President’s Fiscal Year 2026 budget for the Houston Ship Channel...

ANL announces general rate increase

ANL announces a general rate increase due to rising operational costs driven by ongoing port congestion, container equipment imbalance, and strong global demand. This will...

11th ShipIT Conference 2025: Where Maritime Industry Meets Cybersecurity and Innovation

On Tuesday, September 30th, 2025, the 11th ShipIT Conference sets sail once again from the “PLOES” venue in Paleo Faliro, Athens, placing at the...

Oil slick forming after two-tanker collision in Oman gulf

Greenpeace Middle East and North Africa (MENA) has warned of a potential environmental disaster after two crude oil tankers collided between Iran and the...

Shipsgo at Transport Logistic 2025

Held at Messe München from June 2-5, Transport Logistic 2025 is a global exhibition for logistics and supply chain management, information technologies, and mobility....
error: Content is protected !!