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The loss making Cochin Port registers growth in traffic this year

Cargo throughput at the loss making Cochin Port has picked up this year registering a growth of 19.62 per cent to 14.26 million tons during the first six months of the current financial year, according to Cochin Port Trust (CPT) sources. The cargo growth from the port was possible due to massive import of petroleum products by governmental agencies.

During the same period, container traffic too saw encouraging growth. Containerized cargo volume grew to 2,42,156 TEUs, a growth of nearly 11 per cent.

Cargo growth at Kochi port has been helped by growth in Petroleum product imports during this period according to date available with the Indian Ports Association IPA. The port handled nearly 81 lakh tones during the first six months of the current financial year as against 63 lakhs tons during the corresponding period previous year.

Haldia Dock Complex has come a close second in terms of growth with a rate of just over 19 per cent among other major ports of the country. The New Mangalore Port has shown a growth rate of 13.26 per cent and Paradip Port a growth rate of 12.57 per cent.

The container transshipment terminal here has made steady progress in terms of cargo throughput and the terminal achieved a record 50,000 TEUs mark in August this year.

The increase was 16 per cent when compared to the same month during the previous year.
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