Somali Port Shut as Cargo Handlers Oppose P&O Ports Fee Increase

(Bloomberg) --
By Nizar Manek, 3 November 2017

  • Closure of harbor has led to higher food, fuel prices
  • Protests by opponents of P&O Ports concession leave one dead

A dispute over increased port charges in Somalia’s semi-autonomous Puntland region resulted in the Dubai-run harbor being shut for more than a week, leading to higher prices for food and fuel and triggering protests that left at least one person dead, residents said.
P&O Ports, part of of Dubai’s state-owned DP World Ltd., increased freight-handling charges by five-fold to $5 per metric ton on Oct. 25, said Abdalla Saleh Jama, the region’s former ports minister. The facility was closed on the same day after cargo operators and livestock exporters rejected the higher fees, he said.
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