In an effective strategic move to generate
more income through optimum utilization of under-utilized assets, the berths,
the Cochin Port has taken a very viable decision of leasing out two of its
under-utilized berths to the Indian Navy.
decision to lease out the berths was made considering the fact that both these
berths are under-utilized. Utilisation of these berths is below 15 per cent.
The deal brings Port Trust an annual income of Rs 8.33 crore per annum,” said A
V Ramana, deputy chairman, Cochin Port.
The Navy will start operations at Q2 and Q3
berths of the Mattancherry wharf from January.
According to Ramana, the Port Trust is now
focusing on generating more income from its existing assets/ facilities instead
of going for expansion and other development projects. “The port expects to
register considerable increase in the revenue by the end of this fiscal,” he
The Cochin Port has two wharfs -- Ernakulam
and Mattancherry. The Mattancherry channel leading to the wharf has a depth of
It is 4.08-km long with the width varying
from 180 to 250 metres. On the Mattancherry channel, there are four alongside
berths - for general cargo, one boat train pier and two jetties for
The Cochin Port, which registered the highest
growth (17.93 per cent) among major ports in the country during the first two
quarters of the current fiscal, handled 18.95 million tonnes of cargo in
2017-18 over the corresponding period of 2016-17.
The port is also
promoting the coastal cargo by offering reduction in vessel-related charges.
What helped the port to register the highest growth is increase in traffic of
petroleum, oil and lubricants (POL), and containers during April- November.
While traffic of POL increased 24 per cent, container traffic grew 11.35 per