DP World Says Committed to Port Project in Somaliland

Thursday, March 15, 2018
DP World, one of the world's largest port operators, said on Thursday it is committed to the port project in Somaliland despite Somalia's move to ban the ports operator from operating in Somalia.
Djibouti's decision to end a contract with DP World to run its Doraleh Container Terminal will make it difficult for Africa to attract investment, DP World's chairman Sultan bin Sulayem told a news conference after reporting full-year earnings.
He said the company doesn't know what motivated Djibouti to seize the container terminal.


(Reporting by Alexander Cornwell, Writing by Saeed Azhar; Editing by Tom Arnold)
Categories: Government Update Legal Ports

Related Stories

Baltic Nations Push for EU Ban on Russian Grain Exports

Russian Baltic Ports Boost Grain Export Capacity by 170%

US to China Dry Bulk Vessels Jump

Current News

Baltic Nations Push for EU Ban on Russian Grain Exports

Veidekke to Upgrade Two Norwegian Ferry Terminals

Russian Baltic Ports Boost Grain Export Capacity by 170%

US Natural Gas Prices Steady as Storage Build Offsets Hurricane Isaias

Subscribe for Maritime Logistics Professional E‑News