London Court Stops Djibouti from Terminating DP World Joint Venture

London Court bars Djibouti from treating its joint venture shareholders’ agreement with DP World as terminated. BY GOVERNMENT OF DUBAI | PRESS RELEASE The High Court of England & Wales has granted an injunction restraining Djibouti’s port company, Port de Djibouti S.A. (PDSA), from treating its joint venture shareholders’ agreement with global trade enabler DP […]

Continue Reading

Djibouti’s Seaport Could Face New Competition

BY MARITIME EXECUTIVE Djibouti has invested heavily in making itself a hub for deep-sea shipping in the Horn of Africa, and much of its business depends upon its status as the sole seaport for landlocked Ethiopia. However, its port revenues could be challenged by the re-emergence of neighboring Eritrea that could soon regain access to global […]

Continue Reading

Massawa Port Ready to Serve Ethiopia’s Import-Export Commodities

BY ETHIOPIAN NEWS AGENCY Eritrea has made ready the port of Massawa to serve Ethiopia’s import and export commodities, the head of Massawa Port Administration Mr. Layne Asfahaley told ENA. Mr. Layne said the port has gone through major renovation process in order to enable it to provide service for Ethiopia.

Continue Reading

Djibouti Seizes Control of DP World’s Container Terminal

BY JON GAMBRELL | AP Djibouti has seized control of a container terminal run by Dubai-based port operator DP World, the latest move in a long-running legal dispute over the facility in the East African nation. The nationalization of the Doraleh Container Terminal in Djibouti comes as the United Arab Emirates’ interests across East Africa […]

Continue Reading