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 have grown by 14%.
Cochin Port ideal for cargo trans-shipment
because of its excellent coastal connectivity to ports in South, East &
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 August.
ICTT Cochin ranked 1st by
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 Export-Import 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
because of its smart trade solutions
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.