Following the termination of the concession contract awarded to DP World concerning the operation of Doraleh Container Terminal (DCT) on 22 February, the Republic of Djibouti has reaffirmed its intentions to preserve and develop activities of the container terminal, respect the law and act in the best interests of all stakeholders, reports the Ecofin Agency.
The Doraleh Container Terminal Management Company (SGTD), an entity created to take over the activities of DCT, is a public company whose sole shareholder is the State of Djibouti. Its role is to defend the sovereign interests of the nation, promote terminal activities and provide services to best international standards.
The DCT stands out because of its strategic location between Asia and the world, especially with regard to flows to major ports on the East African coast, including Mombasa, Dar es Salaam, Maputo and Durban. Transshipment activities have always been included in DCT’s strategic plan. The project was designed to handle 1,600,000 containers/year. However, the former operator wanted to limit it to import-export traffic to the local market and Ethiopia, whose cumulative volume of annual activities represents about 800,000 containers/year.
With the termination of the contract, and the end of the outliers imposed by DP World, the DCT regains its ambition and potential.
In fact, SGTD has already experienced some success in this regard. On 5 March, the company signed an agreement with Singaporean shipowner Pacific International Lines (PIL) for the transhipment treatment of an additional 300,000 containers/year. This agreement reflects the renewed confidence of operators and Djibouti’s willingness to diversify its partners. Other similar strategic actors have already expressed their wish to accompany the Republic of Djibouti in the expansion of DCT.
The Government of the Republic of Djibouti assures all its historical partners, private, public, and friendly great nations, its commitment to openness, its willingness to promote and defend the interests of everyone in respect of the law.