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Cochin Port Trust makes a turn-around

 Cochin Port Trust has made a turn-around in the financial front by making a net surplus of about Rs.4 crore overcoming the loss registered continuously during last 10 years, according to an official statement.

 The Port achieved an all-time high cargo throughput of 29.14 million metric tonnes for the year 2017-18 recording an impressive growth of 16.51% over 2016-17. Incidentally, the cargo growth rate is the highest amongst all the Major Ports of India. Container traffic grew by 13% during the same period.

I PHYSICAL PERFORMANCE

i. During 2017-18 the Port handled a Total traffic of 29.14 Million Metric Tonnes (MMT) as against 25.01 MMT during 2016-17 registering a growth of 16.51 %.

 ii. The Total no. of Containers handled during 2017-18 is 5.55 lakhs TEUs (Twenty-foot Equivalent Units) and during 2016-17 is 4.91 lakhs TEUs registering a growth of 13%.

iii. Total POL (Petrol, Oil & Lubricants) handling improved from 15.79 MMT during 2016-17 to 18.66 MMT during 2017-18 registering a growth rate of 18.17%.

 iv. Cochin is the most preferred cruise destination port in India with 42 Cruise vessels called at the Port during 2017-18.

v. Cochin Port handled Coastal Steel Cargo of Rastriya Ispat Nigam Ltd. (RINL), Vishakapatnam by Coastal Shipping with effect from October 2017.

 vi. The Port could attract river sand & Illmenite sand vessels during the current year and handled 1.33 lakhs & 0.37 lakhs respectively during 2017-2018.

vii. Introduction of Incentive/Penalty Scheme under Berthing Policy of Govt. of India w.e.f. 04/06/2017 has helped to achieve higher productivity in handling POL & Cement.

 viii. Cochin Port Trust and Indian Navy entered into a Memorandum of Understanding (MoU) for utilising the Q2-Q3 berths at Mattacherry Wharf of Cochin Port for berthing Indian Navy ships. The MoU was signed on 5/1/2018. As per the MoU, Cochin Portís Q2 and Q3 berths at Mattacherry Wharf, totaling 228m.

The official release gives further information under the following headings: Efficiency Parameters, Financial Performance (tentative), Projects under which it talks about Sagarmala projects and other projects; Future Projects and Ease of Doing Business.

 

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