DP World Cochin achieves 19% growth in Q1- 2018
April 5, 2018: Global trade enabler DP World operated India Gateway Terminal (IGTPL) at Cochin witnessed a 19 percent increase in volume in the first
April 5, 2018: Global trade enabler DP World operated India Gateway Terminal (IGTPL) at Cochin witnessed a 19 percent increase in volume in the first quarter of 2018 compared to its performance in the first quarter of 2017. The terminal also handled the highest monthly volume of more than 52,000 TEU (twenty foot equivalent unit) in March’18.
In the last fiscal year, the country’s first international transshipment gateway successfully handled a volume of more than 5.5 lakhs TEU. The terminal registered an increase in volumes due to its strong feeder connectivity along the Indian coasts; it is directly connected to ports at Mundra, Nhava Sheva, Goa, Mangalore, Visakhapatnam, Chennai, Kattupalli, Krishnapatnam, and Tuticorin.
Bharat Trade, which is a Port Community System (PCS) providing a single window to customers and paperless transactions has revolutionised container terminal operations at DP World and IGTPL is the first terminal in the country to successfully adopt it.
Jibu Kurien Itty, CEO, DP World Cochin said, “At DP World Cochin, we provide our customers with tailor made solutions in order to facilitate ease of doing business. We have been able to strengthen our connectivity through adequate feeder links coupled with strong intermodal rail connections and have further created an ecosystem valuable to our customers’ logistics supply chain. We are diligently working towards enhancing terminal efficiency with efforts channelised towards providing our customers with a cohesive experience while working with us.”
The terminal in the last two years has consistently maintained a high productivity level of Gross Crane Rate (GCR) of 31+ moves per hour and a truck turnaround time of 27 minutes, which is considered to be amongst the best international maritime standards. Improved road and rail connectivity have substantially reduced the transit time and logistics costs for the trade, making IGTPL a preferred gateway for exports and imports from/to the hinterland. The terminal is directly connected to crucial ports of Australia, Far East, South East Asia and Middle East through direct services.