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Kochi port records 17.65% growth

Growth in cargo throughput at Kochi port has continued into the month of October. According to recent figures, the port handled a total of 16.45 million tonnes of cargo between April and October this financial year. This is 17.65% growth over the corresponding period of 2016-17.

Containerised cargo movement through the terminal here too has shown healthy growth at 12.73% during the April-October period. Total container throughput touched 3.19 lakh TEUs. The International Container Transshipment Terminal also registered the highest ever monthly throughput of 51,019 TEUs in October 2017. The previous highest was 50,842 TEUs in August 2017.

Highest rate

Meanwhile, figures from the Indian Ports Association showed that cargo movement at the Kochi port had grown nearly 20% up till September this year. It is the highest rate of growth for the major ports in the country during the current financial year. The other facility showing similar growth rate is the Halida Dock Complex with nearly 18% growth during the period. The figures for Kochi and Haldia Complex compare well with the national average growth of a little more than than three per cent during the financial year up to September.

Profit

The port here had registered an operating profit of Rs. 127.72 crore during 2016-17 against Rs. 70.89 crore during the previous financial year. It was a growth of 80%. The port had handled 25.01 million tonnes of cargo during 2016-17 with a growth of 13.2% against the 22.10 million tonnes of cargo during the previous financial year. The total containerised cargo handled by the terminal here during 2016-17 stood at 4.91 lakh TEUs with a growth of 17%.
Source: The Hindu

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