Friday, 10 August 2012

DP World waits to hear on Indian port reforms - The National

Reported planned policy reform to allow foreign ships to transport cargo between ports within India to and from DP World's Vallarpadam terminal in Kerala would provide a huge boost to the facility the Dubai company has invested in and operates.

The terminal has struggled since it opened in February last year under current shipping law with the port developed on an understanding foreign ships would be able to transport container cargo between ports in India, industry sources said.

"The investment is not working because the terminal was built on the premise that it would be a transshipment terminal," said a source, who declined to be named.

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