The deal with the Singapore-based shipping company will increase the amount of cargo passing through the port by a further 300 000 TEU containers per year.
This represents a 33% increase compared to the current volume handled by Doraleh Container Terminal
The deal with Pacific International Lines (PIL) will provide 20% of the terminal’s total capacity, which is 1.6 million TEU per year.
Due to the previous management agreement for Doraleh Container Terminal, its volume has been low in recent years, despite operating in a favourable import-export environment, however, the agreement will be the first important step towards Doraleh Container Terminal fulfilling its capacity potential.
“Djibouti’s ports are strategically positioned to facilitate trade between Africa, Europe, Asia and the Middle East. The country will continue to flourish as a world-class trade and logistics hub, establishing strong links with major international businesses,” said an unnamed company representative in a statement.
PIL is one of the largest shipping companies in Asia, ranked 11th among container ship operators globally with operations in more than 500 locations in 100 countries worldwide.
The partnership will attract business and forge new links with investors from around the world.