Cargo Breaking News
In the past three months, DP World operated International Container Transshipment Terminal (ICTT) at Cochin has consistently surpassed monthly volumes of over 60,000 TEUs. The terminal achieved its all-time highest monthly throughput of more than 66,000 TEUs in November 2020, registering a 43% Year-on-Year growth. The terminal also achieved a key milestone of successfully handling 4.5 million TEUs since inception. Despite the ongoing crisis, the terminal’s volumes have increased significantly with customers preferring to ship out of Cochin. With regular rail service setup between the terminal and ICD Whitefield in Bangalore with the support of CONCOR and the Indian Railways, the cargo from other states has increased. In 2020, the terminal has seen an impressive four-fold increase in rail volumes as compared to 2019.
DP World Cochin also recorded highest ever transhipment volume of 12,326 TEUs in November 2020, recording over 40% Year-on-Year growth in YTD transhipment volumes. The terminal has been able to support customers who are facing challenges at neighbouring international hubs, by handling 9 mainline services carrying transhipment cargo. With the support of Cochin Port Trust, the terminal successfully connected 50% of Exim volumes on Mainline vessels connecting Cochin to Middle East, China, Far East, Europe and Mediterranean and thereby, reducing India’s cargo dependence on neighbouring transhipment hubs.
DP World Cochin enjoys a strategic geographic location. Cargo from all industrial clusters in Kerala and the major ones in Tamil Nadu (Coimbatore, Pollachi, Tirupur and other hubs) can reach the terminal within six hours. The terminal offers faster and reliable connectivity to the hinterland through multimodal transportation including rail and inland waterways. With better ecosystem and port infrastructure, DP World Cochin is poised to handle even higher volumes providing customers with a choice to move their cargo more efficiently and in a cost-effective way.
Praveen Joseph, CEO, DP World Cochin, said “At DP World Cochin, we offer tailor-made solutions that deliver exponential value to our customers. We provide direct connectivity to foreign ports coupled with strong intermodal rail/road/waterway connections. In the last three months we have consistently surpassed monthly volume of 60,000 TEUs, despite innumerable challenges faced due to COVID-19 and a tough business environment. This growth demonstrates our capability in handling cargo efficiently and is a testament of the confidence our customers and partners have in us.”
