DP World Cochin completes 10 years with highest-ever monthly throughput

February 18, 2021: DP World operated International Container Transshipment Terminal (ICTT) at Cochin has completed 10 years and that comes with the terminal achieving its all-time highest monthly throughput of more than 70,000 TEUs in January 2021, registering a 36 percent YoY growth.

ICTT is India’s first transhipment hub strategically located close to major global east-west trade routes. Since inception, the terminal has handled 4.68 million TEUs and 5,661 vessel calls including 1,858 mainline vessel calls. In 2020, despite major business disruptions, DP World Cochin handled 6.31 lakh TEUs, registering a marginal decline of -0.35 percent over 2019 volumes while South India market collectively registered average degrowth of -11.2 percent.

Cargoes from all industrial clusters in Kerala and the major ones in Tamil Nadu (like Coimbatore, Pollachi and other hubs) can reach the terminal within six hours. In 2020, DP World Cochin launched a direct weekly rail connection to Bangalore. This resulted in a five-fold increase in rail volumes.

In 2020, the terminal handled 42 percent of EXIM cargo on mainline vessels positioning Cochin as the port of choice for customers. The terminal continues to be highly efficient and productive with truck turnaround time at an average of 27 minutes, and an average Gross Crane Rate (GCR) of 30+ moves per hour, which is at par with global standards.

Praveen Joseph, chief executive officer, DP World Cochin, said “ICTT is a key example of DP World’s commitment to India’s trade growth. The terminal has played a crucial role in boosting trade from South India. DP World Cochin has been at the forefront of implementing various initiatives, to enhance trade and facilitate ease of doing business, such as RFID based automated gates to enhance safety and efficiency, ZODIAC an inhouse developed Terminal Operating System to enhance terminal efficiency and 24 x 7 Customs to facilitate direct port delivery. Further, successful implementation of Bharat Trade for paperless transactions has resulted in the conversion of 50 percent of manual gate transactions on to a digital platform.”