• 2018 April 11 16:17

    Republic of Djibouti issues statement as response to DP World's allegations regarding Doraleh Container Terminal

    The Government of Djibouti took this decision in light of the recent poor performance of the Doraleh Container Terminal, and to rectify irregularities in the agreement covering its operation:
     
    Contrary to the statement released by the Government of Dubai, the agreement was not for DP World to design, build and operate Doraleh Container Terminal - what is often referred to as BOT - but a joint venture between DP World (33.33% of the shares) and Port Autonome International de Djibouti (66.66% of the shares).

    Since 2008, Doraleh Container Terminal has achieved only 57% of its total volume, despite operating in a favourable import-export environment.

    In the meantime, DP World developed other ports in countries close to Djibouti and used aggressive tactics such as the deliberate slowing of the development of Doraleh Container Terminal in favour of their main asset at Jebel Ali.

    The original agreement, which contained a number of irregularities, excluded Djibouti from decision-making processes and the management of the company.
     
    Summary of the statement issued by the Republic of Djibouti
     
    The Republic of Djibouti maintains that the decision to cancel its contract with DP World for the Doraleh Container Terminal concession was in accordance with the law passed in Parliament on 8 November 2017

    The Government of Djibouti and its representatives tried to negotiate in good faith to find a solution to this situation, going back six years, but these efforts were rejected by DP World

    The Djiboutian state therefore firmly opposes DP World’s recent statement which threatened any company which entered into a new contract with Djibouti related to the Doraleh Container Terminal

    DP World has no respect towards the sovereign power of the Djiboutian state and no right to threaten other companies who wish to enter into business with the Djiboutian state

    The Republic of Djibouti states that the previous contract with DP World was detrimental to the country’s interests such as its control over its own infrastructure, its economic growth and its ability to improve the living conditions

    The Republic of Djibouti wishes to emphasise that it remains open to business. Specifically, Djibouti wishes to highlight that international investors from the public and private sectors, in particular from the infrastructure sector, are very welcome in Djibouti




2021 July 23

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17:32 RWE, Shell, Gasunie and Equinor sign a declaration of intent on the AquaSector project
17:18 Rosatom and DP World sign Cooperation Agreement
16:55 RosGeo eyes exploration of solid mineral deposits in the Persian Gulf
16:32 Learn the latest global LNG trends with LNGcon 2022
16:30 ROSATOM and Moscow State University’s Marine Research Centre sign cooperation agreement on environmental impact assessment in Arctic
16:07 Rosatom expects transit cargo flow along NSR to reach 20-30 million tonnes per year by 2030
15:39 ROSATOM and Nornickel sign supplementary agreement on icebreaker accompaniment
15:01 Sea Port of Saint-Petersburg handled 4.1 million tonnes of cargo in H1’21, up 12% YoY
14:36 Recovery of investments in offshore geological exploration not expected by RosGeo before 2022
14:14 Wärtsilä to provide thrusters for two Chinese wind farm turbine installation vessels
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10:06 Crude oil market sees downward price correction
09:48 Russian Maritime Register of Shipping supports the 4th International Conference “Development of Icebreaking and Support Fleet”
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2021 July 22

19:00 Northern Sea Route cargo traffic rose by 2.59% to 17,047,282 tonnes YTD
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17:25 Suek AG supramax vessel Kumpula to sail through Northeast Passage
17:05 US FMC establishes Ocean Carriers Audit Program
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16:05 RINA and SWS mark a new era in Cruise shipbuilding in China
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15:22 DBS partners maritime players and MPA to complete Singapore’s first live bunker delivery financing pilot with digital bunker delivery note
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12:03 Shipping industry announces international decarbonisation conference at COP26
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09:36 IAA PortNews opens registration for 4th International Conference “Development of Icebreaking and Support Fleet”
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2021 July 21

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