Yemen to end DP World's Aden tenure

13 Jul 2012

Yemen's Anti-Corruption Commission has asked the country's parliament to cancel the contract that allows DP World to operate Aden container terminal.

The Emirates-based terminal operator is accused of having failed to carry out investment projects to an agreed timetable.

DP World rejects the accusations, calling them "misleading and unfounded", stressing that it has met all contractual commitments.

The initial contract, which was signed in 2008, resulted in DP World replacing PSA International as the management company overseeing container operations in the port.

The anti-corruption body will now pursue compensation for the "grave" damage caused by DP World, whose operations it characterises as "poor".
The deadline to raise capacity to 900,000 teu by 2011, it says, was not met.

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