DP World Upgrading Eritrean Ports (Update)

“This Bloomberg report is inaccurate. There is NO contract between Eritrea and DP World to “upgrade, maintain Eritrean ports.” Eritrea is currently in discussions with a few potential partners.” – Gov’t official BY TESFANEWS Bloomberg business news today reported that the Eritrean government contracted DP World to upgrade and maintain the ports of Assab and […]

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Djibouti: DP World Sues China’s Merchants Port

BY PAUL NYAKAREYA | FINANCIAL GAZETTE United Arab Emirates’ DP World Limited and its subsidiaries have taken legal action against China for building an international free zone on a terminal being disputed with Djibouti. The lawsuit was filed in the High Court of Hong Kong for unlawfully procuring and inducing the Republic of Djibouti to […]

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DP World Eyes Eritrea’s Assab and Massawa Ports after Djibouti Troubles

The Dubai-based harbor operator is evaluating its strategy and Eritrea could be key BY NIZAR MANEK | BLOOMBERG The Red Sea state of Eritrea may play a key role in DP World Ltd.’s plans in the Horn of Africa, where a dozen ports could be needed to service the region, Chief Executive Officer Sultan Ahmed […]

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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 […]

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