News / Land grab from DP World terminal costs Belgian port €41.3m in fines

Credit DP World

The state-run port of Antwerp-Bruges has been ordered to pay €41.3m ($44.67m) in fines after repossessing 40ha of DP World’s Deurganckdok concession and giving it to PSA.

An arbitration tribunal by the International Centre for Settlement Investment Disputes (ICSID) on 15 February ruled in favour of DP World.

In 2005, Port of Antwerp granted 42-year concessions to both DP World, on the east side of Deurganckdok, and a consortium of shipping line MSC and Singapore’s PSA on the west side. These agreements ...