The East African nation of Djibouti is located at the crossroads of one of the busiest shipping routes in the world, linking Europe, the Far East, the Horn of Africa and the Persian Gulf. Shown here is the terminal operated by DP World.
The Djibouti government said in an emailed statement that it rescinded DP World’s 20-year concession and launched the case before the London Court of International Arbitration after out-of-court negotiations broke down.
The port is Africa’s largest container terminal and Djibouti’s biggest employer.
DP World, which operates more than 65 ports around the world, mostly in emerging markets, said it would continue to manage the Doraleh terminal pending the arbitration decision.