DP World’s International Container Transhipment Terminal, Cochin Achieves New Productivity Record
Global trade enabler DP World operated International Container Transshipment Terminal (ICTT) has recorded yet another successful month of exemplary growth registering a record high. The country’s first international transshipment gateway registered a throughput of 57590 TEUs for the month of August breaking the previous best of 56598 TEUs in March 2019. The terminal volumes on a Year till date (YTD) basis has grown by 14%.
ICTT which is India’s first full-fledged trans-shipment harbour’s growth was enabled through new services like the China-India Service (CI2) service started in April 2019 by Wanhai Lines and CONCOR’s coastal service that started in January this year. Among the new initiatives in pipeline is the new direct Europe service by Hapag Lloyd/ONE/Cosco/OOCL/YML expected to start in Nov 2019. Excellent coastal connectivity to ports in South, East & West India makes Cochin Port ideal for cargo trans-shipment and volumes grew by 55% YoY Aug’18.
The ICTT Cochin was also ranked 1st in the Annual Port Liner Shipping Connectivity Index released by United Nations Conference on Trade and Development (UNCTAD) among South Indian ports.
Mr. Praveen Thomas Joseph, CEO, DP World Cochin, said, “2019 so far has been an encouraging year for us. The minimal deviation from the Asia-Middle east and Asia-Europe shipping lanes makes Cochin a trans-shipment choice for International ship liners. Apart from India’s EXIM business, our port is capable of handling traffic from other subcontinent markets.”
“Against this backdrop, we have achieved good volume growth, thanks to the support from our customers and partners globally. I would like to express my deepest appreciation to our people and partners for their steadfast dedication and spirited contributions throughout the year. They handled the increased complexity and operational demands effectively, enabling DP World to be a valued partner for our customers.”
DP World Cochin continues to thrive on initiatives providing smart trade solutions and adding value to the supply chain by engaging with their customers and stakeholders. This includes, successful implementation of Bharat Trade for paperless transactions, RFID based automated gates reducing man vehicle interface, improved safety, reduction in transaction time and 24 x 7 customs to facilitate direct port entry. This has resulted in TTT (Truck Turn Around) time of 32 minutes which is one of the best in India.
ICTT continues to reign on its leadership position in container trade, offering direct services from Australia, Fareast, South East Asia and Middle East to Cochin and from Cochin to Fareast, Middle East, Europe and Mediterranean.
Source: Press Release