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10-01-2019

Kochi Gateway Terminal beats all ports with 13.5% CAGR

DP World operated India Gateway Terminal has grown at a CAGR of 13.57 per cent in the past three years. This has surpassed the three-year compound annual growth rate of 11.41 per cent registered at all Indian ports.

India’s first international transshipment terminal has achieved an annual throughput of more than 5,74,000 TEUs in 2018 and recorded its all-time highest monthly throughput of more than 52,000 TEUs in March last year.

This growth is accredited to the terminal’s persistent effort in enabling smarter trade solutions to deliver exponential value to customers and stakeholders. The installation of the RFID-based automated gate management system has improved truck turnaround time from 27 minutes in 2017 to 23 minutes in 2018.

The implementation of the DMICDC Logistics Data Services digital container tracking solution has boosted efficiency in supply chain operations, said Praveen Joseph, CEO, DP World Cochin. The terminal is working closely with customers in the hinterlands of Kerala, Tamil Nadu and Karnataka to provide faster turnaround of cargo. This has benefited local importers and exporters as it reduces the cost of logistics and makes the supply chain more efficient, he added.

At present, the terminal boasts connectivity to Australia, Far East, South-East Asia, West Asia, Europe and the Mediterranean. With the close proximity of six hours to the hinterland, fast turnaround and increase in the cargo destined for the Far East and the US market, the terminal is poised to strengthen its connectivity with a direct service in its portfolio.

Source: The Hindu Business Line

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