Gulftainer hit with $21.5m fine in the US

Gulftainer, a port management company from the United Arab Emirates, has been told by a court in the US it must pay $21.5m in damages in a long running case relating to its takeover of a port in Delaware.

In 2018, GT USA Wilmington, a Gulftainer subsidiary, obtained the 50-year rights to operate the port of Wilmington on the east coast of the US. The disputed and failed sale of stevedoring firm Murphy Marine Services, which had been part of the deal four years ago, sparked the legal case.