Shipping Secretary K Mohandas today said the proposed International Container Transshipment Terminal at Vallarpadam and LNG terminal at Puthuvypeen are expected to be commissioned by March 2010 and January 2011 respectively.

On a query whether crisis in the Dubai World Company would affect the
progress of ICTT, which is being developed with the help of Dubai Port
World, subsidiary of Dubai world, he said it was not so till now, as
work on the project had gone much ahead and was in the final stage of
completion.

Works like road connectivity and dredging are pending and that too was expected to be completed before March 2010, he added.

Source: PTI

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• Dubai World not standard, you can reach us: Kochi port chief

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• Be Vallarpadam container terminal in 2010 in the first quarter put into operation

    The Rs.2,118 crore (Rs.21.18 billion) International Container Transshipment Terminal (ICTT) – the country’s first global hub terminal, at Vallarpardam near here is nearing completion and will be commissioned in the first quarter of 2010, officials said Saturday. The facility is being developed by Dubai Port World (earlier known as Dubai Port International)

• Dubai financial problems has no impact on Maasvlakte 2

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• London Terminal Box Faces Financial Hurdle

    DP World’s planned container hub on the river Thames near London is facing renewed uncertainty amid reports of financing problems for the Dubai firm’s flagship project. The London Gateway terminal “will not be viable without suitable government funding,” according to a UK government funding application from the local authority in

• DP World crisis may hit India plan

    Dubai-based port operator DP World, which had planned to invest $12 bn in Indian container terminal industry, may struggle to do so because of the travails of its parent, Dubai World, the heavily indebted holding company of the Dubai government. Although Dubai World has said its debt restructuring process does

• DP World Australia is considering going public entity

    Port operator DP World, part of Dubai World conglomerate, is considering a A$1 billion ($884 million) initial public offering by spinning off some of its Australian assets, a media report said on Monday. DP World is expected to retain a substantial stake in the new listed entity, to be called

• Drydocks not included rebuilding in Dubai World

    Dubai World on Tuesday night said Drydocks World and its subsidiaries will not be included in the proposed restructuring process for Dubai World and its real estate related subsidiaries. “Drydocks World has been in constructive dialogue with its lenders for several months and its financial profile does not require it

• Middle East crude oil rises after Saudi Arabia lowers prices

    Crude oil from the Middle East sold to Asia rose against benchmarks after Saudi Arabia lowered its official prices, raising expectations of improvements in processing profits.

• Middle East oil at discounts as the Saudis keep exports steady

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• DP World to seek London listing

     DP World, the container port business owned by troubled investment group Dubai World, is to seek a share listing on the London Stock Exchange. The planned listing would be the second for DP World, which has been a member of the Dubai Stock Exchange since 2007. The firm, which owns

• Dubai crisis unlikely that DP World would hamper operations in Algeria

    An Algerian economist downplayed on Monday the impacts of Dubai’s financial crisis on the activities of Dubai Ports (Dp World) in his country. The announcement of by Dubai World on Wednesday that “it is in deep water” over its debts will not affect the logistic services being offered by DP

• DP World free \ u0026quot, from 59 billion U.S. dollars debt with parents

    One of the world’s largest global ports operator – DP World – has not been implicated by its parent company’s plan to delay repayment on some of its $59 billion worth of current liabilities. “The Government of Dubai has confirmed that DP World and its debt are not included in

• DP World says makes debt service on time

    DP World a subsidiary of debt-laden state-owned holding company Dubai World DBWLD.UL, said it had paid regular coupon and profit obligations tied to a sukuk and a bond issue on time. The ports operator, one of the largest in the world, and listed on Nasdaq Dubai, said it had distributed

• Drydocks World, not part of the Dubai World Revamp

     Statement from Dubai World Further to the announcement of 30 November 2009, Dubai World would like to announce that following further review, Drydocks World and its subsidiaries will not be included in the proposed restructuring process for Dubai World and its Real Estate related subsidiaries. Drydocks World has been in constructive dialogue

• No restructuring of DP World, Jebel Ali Free Zone

    DP World Ltd. and Jebel Ali Freezone will not be included in the restructuring of their parent firm, Dubai World, officials said on Thursday. After credit rating agencies Standard & Poor’s and Moody’s Investors Service downgraded some Dubai government-run companies following the announcement of the restructuring plan. Dubai World, with