Djibouti’s Doraleh Container Terminal Management Company has agreed to sign a deal with a Singapore Headquartered Pacific International Lines (PIL) in a move that is projected to increase the amount of cargo handled at the port by over a third of current capacity.
The agreement is expected to raise performance at the Doraleh Container Terminal, allowing it to handle an extra 300,000 20-foot equivalent unit containers (TEU) annually. The new deal replaces one with a Dubai company that was marred by the conflict that began in 2012.
This agreement is set to increase to open the Gulf of Aden port and the African country to more possibilities giving the country a much-needed economic boost and exposure to different partners across the globe.
PIL is one of Asia’s biggest shipping companies, ranked “11th amongst the top container ship operators in the world.
