DP World sues China Merchants Port Holdings over Djibouti Port
DP World has sued China Merchants Port Holdings Company (CM Port) over infringement of its exclusive port agreement with the Djibouti government.
The UAE-based port operator accused CM Port of causing the Djibouti government to revoke DP World’s exclusive right to run the country’s ports in a legal filing obtained by FactWire.
The concession agreement between DP World and the Djibouti government took effect in February 2004 for a period of 30 years with the option for two 10-year renewals.
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