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DP World Cochin completes yet another successful year

The DP World-operated India Gateway Terminals Pvt.Ltd (IGTPL) has registered an annual throughput of more than 532,000 TEUs between January 1, 2017 and December 31, 2017, an astounding growth of 11 percent compared to previous year.

 

The terminal also recorded its highest monthly throughput of more than 51,000 TEUs in October 2017, highlighted a release.

 

Towards facilitating ease of doing business, one of the major concerns of the Centre, the terminal introduced a new digital portal by Bharat Trade which, besides paperless transaction, offers a single window to customers who can access to digital exchange of data on real-time basis.

 Its improved hinterland connectivity benefits local importers and exporters from the states of Kerala, parts of Tamil Nadu and Karnataka.

It retains its leadership position in container trade offering direct services from Australia, Far East, South-East Asia and Middle East to Cochin and from Cochin to Far East, Middle East, Europe and the Mediterranean

 

Mr Jibu Kurien Itty, CEO, DP World Cochin, said, "At DP World Cochin, our focus continues to be a catalyst in providing faster and cost-effective trade solutions to our customers. We continuously work towards enhancing terminal efficiency with efforts channelized towards understanding customer needs. In 2017, we have registered 11 per cent growth, outpacing the south Indian ports’ market growth rate of 9 per cent. We would like to take this opportunity to thank our customers and partners for the trust they have shown in us and our ability to service them.

 

"We are confident that the year 2018 will reinforce our position as the most efficient terminal in the southern region."

 

Overall, the terminal delivered robust performance in the container trade and continues to transform the supply chain. The terminal’s strong portfolio and flexibility to introduce new services is a result of its highly skilled workforce and an excellent in-house-developed terminal operating system ‘Zodiac’. The terminal continues to be highly efficient and productive with truck turnaround time on an average of 27 minutes and an average Gross Crane Rate (GCR) of 31 moves per hour. DP World Cochin will soon be introducing RFID-based automated gate management system to further enhance terminal efficiency and to facilitate ease of doing business.

 

Some of the major highlights for DP World Cochin in 2017 were:

 

* DP World Cochin recorded an annual throughput of more than half million TEUs.

 

* The terminal’s mainline service ‘Galex’ with vessel size of up to 6,750 TEUs and 14.5 m draught scheduled its 200th call on December 31, 2017.

 

* Another mainline service ‘NEMO’ with vessel capacity of 7,350 TEUs and 14.5 m draught made its 300th call in the same month.

 

* The terminal introduced new feeder services in 2017 and recorded a phenomenal 30 per cent growth in the transhipment business.

 

* The terminal received direct vessel calls from Africa during the cashew season.

 

As per the release, some of the highlights in commodities exported were:

 

* Garment exports from Cochin improved by a fascinating 64 per cent.

 

* Coir and coir products reported 23 per cent growth.

 

* Wood and wood products saw an improvement of 18 per cent.

 

* Frozen seafood and tea exports increased by 15 per cent.

 

In line with DP World’s ‘Our World, Our Future’ programme, IGTPL vigorously works in association with its local NGO partners, neighbouring schools and hospitals in various activities like health check-ups, cleanliness drives, blood donation drives, etc., the release pointed out.



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