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LCIA rules DP World contract ‘valid and binding’

According to a statement from the government of Dubai, the London Court of International Arbitration (LCIA) has ruled that DP World’s port container terminal contract in Djibouti is “valid and binding”.

HLPFI reported in February 2018 that the government of Djibouti had seized control of the Doraleh Container Terminal DP World.

DP World, which has operated the terminal since 2006, says it has acted in accordance with a concession awarded by the government. At the time, DP World described the seizure as "illegal" adding that it is "an oppressive and cynical" move in the government's campaign to force DP World to renegotiate the terms of the concession.

The LCIA tribunal has ruled that Doraleh Container Terminal’s concession agreement remains valid; DP World said it would now reflect on the ruling and review its options.

www.dpfza.gov.dj

www.dpworld.com  

Heavy Lift | News

Marine Maroc moves in Mali thumbnail image

Marine Maroc moves in Mali

August 27 - Marine Maroc has utilised four modular combinations of Cometto MSPE self-propelled trailers to transport six 215-tonne diesel generators and six 72-tonne generators in Kayes, Mali. 
Views: 1602
Hansa spins with carousel success thumbnail image

Hansa spins with carousel success

August 22 - Hansa Heavy Lift has transported a large carousel and eight reels - weighing a total of 3,508.7 tonnes - from Newcastle in the UK to Lagos, Nigeria, destined for the Egina oilfield.
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Double delivery for Faymonville thumbnail image

Double delivery for Faymonville

August 20 - Transportes Lalgy in Mozambique has taken delivery of a seven-axle CombiMAX low loader system from Faymonville.
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Heavy Lift Across The World

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