Yemen to end DP World's Aden tenure
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.
LATEST PRESS RELEASES
Christchurch, 06 July 2018 – PT Pelabuhan Indonesia I (Pelindo I) has chosen the terminal operating ... Read more
Gantrex has recently announced the launch of a whole new product category to its portfolio, the TrenchLok™ Cable Trench Cover.
Gantrex’ TrenchLok™ cable trench cover, efficiently and economically protects cranes’ power cables f... Read more
TGI Maritime Software launches two complementary modules allowing yard optimization and hazardous co... Read more
Asia’s future energy needs on the agenda at Tank Storage Asia 2018: Read more
Portunus Naem, the Egyptian branch of Portunus Port Spares & services is appointed as official Dana ... Read more
Our new office in Spain is not even a year old and we already celebrate two successfully completed i... Read more