Kochi port does a star turn in cargo traffic
Kochi Port has done a star turn among major ports in the country with a cargo traffic growth of 17.27% between April and December 2017 as compared to the same period in 2016. The substantial growth in cargo traffic was helped largely by the movement of crude oil and petroleum products.
Kochi has had the second highest rate of growth in cargo traffic among major ports during the April-December period, with Haldia Dock Complex topping with a growth of 17.67%.
Kochi Port witnessed its traffic grow from 1,82,35,000 tonnes to 2,13,84,000 tonnes during the period, according to figures provided by the Indian Ports Association (IPA).
Kochi Port’s commendable performance comes at a time when the national average of port cargo traffic growth is around 4% for the period under review.
The other ports that have made considerable growth are Paradip with 14.59% and JNPT with nearly 6%. While most major ports appear to have had a difficult 2016, Mormugao Port has seen cargo traffic go down by more than 16%, said IPA figures.
The growth in bulk cargo traffic is in keeping with the figures released earlier this week by DP World for the calendar year 2017 on movement of cargo through the International Container Transshipment Terminal (ICTT). The terminal saw container traffic of 5.32 lakh TEUs between January and December 2017. A statement issued by ICTT said that the growth rate was 11% compared to the previous calendar year.
The terminal also had made a record in throughput for a month in October 2017 with 51,000 TEUs.
The growth in throughput has been helped by better hinterland connectivity as well as the introduction of the new digital portal by Bharat Trade which enables smooth paperless transaction and offers a single window to customers.
Source: The Hindu