It has been announced by the DP World on Monday that it will delay the plan of listing some of its shares on the London Stock Exchange.

Dubai World, who owns the majority of shares of the Company, said in a regulatory statement that the board has planned to put off the listing process, until a satisfactory system that supports the dual listing, is available.

After the announcement by DP World, shares in the port operator listed on the Nasdaq Dubai exchange dropped 6.8% to 45 cents.

Worried Government multinational, Dubai World owns 77% of the company. In May, Morgan Stanley lowered the shares of DP World's to equal weight and cut its target cost for the stock.

DP World said in March, as falling cargo traffic cut into earnings, annual benefit for 2009, fell 46%.

DP World said in its statement on Sunday, “it hasn't abandoned its plan to list on the London Stock Exchange but emphasized the next practical window of opportunity to seek admission for listing would be following the publication of Audited Financials for the year ending Dec. 31, 2010”.

DP World turned to the opportunity of listing shares in London after discussions to sell a stake to local private equity company, Abraaj Capital.