Jan 06 2012 |
more articles from
|
Yemen will seek to renegotiate port deal
Friday, Jan 06, 2012
Gulf News
Dubai Yemen is seeking to renegotiate a joint venture agreement with DP World to run the Aden container port as the Dubai-based ports operator failed to fulfil its obligations, according to a Reuters report yesterday, quoting Yemeni Transport Minister Waaed Bazeeb.
When contacted by Gulf News, a DP World official said the company was not aware of such a development.
Bazeeb, as quoted in the report, said DP World had “missed a target” of raising container capacity to 900,000 20-foot equivalent container units (TEUs) by the end of 2011, and “failed to build and provide infrastructure” as specified in the 2008 agreement. Yemen in 2008 signed a deal with DP World to develop and run the Aden port, with the deal between the two parties requiring $220 million (Dh808.1 million) investment for the port’s development.
“According to the operating agreement, the company was obligated to raise the number of containers arriving at the port to 900,000 by the end of last year. The number is not higher than 140,000 containers,” Bazeeb was quoted as saying in the report, adding that the port operator had also failed to build a berth extension and had neglected an obligation to employ 450 workers from the previous port operator.
“Consequently, we have decided to renegotiate with the company regarding fulfilment of its obligations,” he reportedly said.
DP World on Wednesday said its Canada unit had signed a three-year deal to operate cargo terminals of Nanaimo Port Authority. It added that the deal gives the company the right to operate the port’s facilities, including the general cargo Duke Point facility and Assembly Wharf.
DP World currently operates more than 60 marine terminals across the globe.
dp world
The company was obligated to raise the number of containers arriving at the port to 900,000 by the end of last year.”
Waeed Bazeeb
Yemeni Transport Minister as quoted in a report
By Shweta Jain?Senior Reporter
© Gulf News 2012. All rights reserved.
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment