AmericasMiddle EastPorts and Logistics

Gulftainer hit with $21.5m fine in the US

Photo of Sam Chambers Sam ChambersSeptember 20, 2022
698 Less than a minute
GT USA Wilmington

Gulftainer, a port management company from the United Arab Emirates, has been told by a court in the US it must pay $21.5m in damages in a long running case relating to its takeover of a port in Delaware.

In 2018, GT USA Wilmington, a Gulftainer subsidiary, obtained the 50-year rights to operate the port of Wilmington on the east coast of the US. The disputed and failed sale of stevedoring firm Murphy Marine Services, which had been part of the deal four years ago, sparked the legal case.

Tags
Photo of Sam Chambers Sam ChambersSeptember 20, 2022
698 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
Back to top button