Yemen to Renegotiate Aden Port Agreement with DP World

Yemen to Renegotiate Aden Port Agreement with DP World

Since the Aden container port has failed to achieve the business targets, Waaed Bazeeb, Yemeni Transport Minister stated that the government plans to renegotiate the Aden port’s deal with DP World.

Four years ago, DP World and Yemeni government signed a deal to establish a joint venture to develop and operate the Aden port.

Bazeeb 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.

Consequently, we have decided to renegotiate with the company regarding fulfilment of its obligations,” he reportedly said.

Dredging Today Staff, January 10, 2012; Image: portofaden

Share this article

Follow Dredging Today

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below....

apply

Dredging jobs in Abu Dhabi at NMDC

National Marine Dredging Company “NMDC” aims to be the largest dredging player in the Arab’s Gulf region...

apply