COCHIN: 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 isthe 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.
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 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
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