Djibouti in Talks with CMA CGM to Develop New Container Terminal

ABIDJAN, March 27 (Reuters) - Djibouti's port authority is in talks with French shipping company CMA CGM to develop a new $660 million container terminal and hopes to award the concession in July. Aboubakar Omar Hadi, chairman of the Djibouti Ports and Free Zone Authority (DPFZA), told Reuters the project could break ground as early as September with construction expected to … [Read more...]

Djibouti Says Key Container Port to Remain in State Hands

By Maggie Fick NAIROBI, March 14 (Reuters) - Djibouti's container port will remain in state hands as the government seeks investment, a senior official said on Wednesday in comments likely to reassure Washington where lawmakers say they fear it could be ceded to China. The Doraleh Container Terminal is a key asset for Djibouti, a tiny state on the Red Sea whose location … [Read more...]