DP World continues to protect its rights in the dispute with the Djibouti government over the Doraleh Container Terminal (DCT), which was illegally seized by the government in February 2018. Now DP World has taken legal action against China Merchants Port Holdings Co. Ltd (CM Port) for building an international free zone on the DCT area. […]
DP World continues the struggle to protect its rights in the dispute with the Djibuti government over the Doraleh Container Terminal. Last Thursday, the London Court of International Arbitration held that Djibouti did not have sovereignty over a contract governed by English law. The Court has also established that, in the absence of an express […]
The Moscow Arbitration Court of Appeal finally adopted yesterday the settlement agreement between the Federal Anti-Monopoly Service of Russia (FAS) and Container Terminal Saint-Petersburg (CTSP), owned by the Russian transportation group UCL Holding, in an anti-trust litigation, CTSP press service informs. FAS has admitted that the container handling tariff rates of CTSP are economically justified […]
Following the arrest of Ziavudin Magomedov and his brother Magomed, the owners of Summa Group and major players in the Russian transport sector, on 31 March 2018, the Tverskoy court in Moscow seized their assets, which included 4 vehicles, 2 apartments as well as shareholding and bank accounts of many companies owned by Summa. Among […]
The European Union and Italian authorities are investigating a large-scale tax fraud by Chinese criminal gangs importing goods via the port of Piraeus, South China Morning Post informs. The news comes as the port’s majority stakeholder, China’s state-run company Cosco Shipping Ports faces problems in the USA with the takeover of Orient Overseas International Lines […]
FESCO Transportation Group offices in Moscow and Vladivostok as well as the Vladivostok Sea Commercial Port (VSCP) were searched on March 30 and 31 as part of the investigation proceedings against Ziavudin Magomedov, owner of Summa Group, the major shareholder of FESCO and VSCP. Both FESCO and the Port confirm business as usual and state […]
Djibouti dismissed the speculations that appeared last week about the reasons behind the government’s expropriation of Doraleh Container Terminal (DCT) from DP World, informs Africa Times. In his statement in Twitter on Friday, Mohamed Siad Doaleh, Djibouti’s ambassador to the United States, claimed as “false” the idea that Djibouti would give the disputed Doraleh terminal […]
The illegal seizure of Doraleh port by the government of Djibouti will have minimal impact on DP World’s finances, the port operator said yesterday, as the UAE government voiced its support of the Dubai-based port operator. “There will be no material financial impact to the group as a consequence of these events,” the company said […]
The Moscow Arbitration Court rejected the ruling of the Federal Anti-Monopoly Service of Russia (FAS) with regards to Novorossiysk Commercial Sea Port (NCSP) on the case of stevedoring tariffs, informs TASS news agency. As we wrote earlier this month, in June 2016, FAS initiated a legal action against nine stevedoring companies accusing them of abusing […]
Yesterday, the Moscow Arbitration Court postponed till August 21 the hearing of the appeal of Vostochnaya Stevedoring Company, a container terminal in the Russian Far East, part of Global Ports, against the Federal Anti-Monopoly Service of Russia (FAS) on the case of stevedoring tariffs, informs TASS news agency. In June 2016, FAS initiated a legal […]
