Terminal operators lining up for Bay Terminal, AD Ports signs MoU
NewsAbu Dhabi Ports Group has signed an MoU for part of the new Bay Terminal at the port of Chattogram; PSA and DP World are also expected to participate.
Expansion in Djibouti
The port of Djibouti is to launch a tender for the contract to double handling capacity of Doraleh Container Terminal to 3M TEU a year. Development work on the terminal, which is jointly operated by DP World and the government of Djibouti under a 20 year concession, is expected to cost about US$300M, a huge figure given that Djibouti’s annual GDP is less than US$1B. The tender will be launched in the fourth quarter of this year.
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