Djibouti has nationalised a Red Sea container port previously controlled by UAE terminal operator DP World.
The Djibouti government has nationalised Port de Djibouti’s 66.66% stake in the Doraleh Container Terminal (DCT), having kicked DP World out of the country earlier this year in a bitter dispute.
Last month the Djibouti government refused to recognise a London court ruling which ruled in favour of Dubai-based port operator DP World in a dispute over the terminal.
DP World had had a concession in Djibouti since 2006. The government in Djibouti had tried to get DP World to renegotiate its contract since last December. In February the government terminated DP World’s contract.