Cochin Terminal youngest of all DP World operated ports
Cochin - The Cochin container terminal is the youngest of five ports and is the only transshipment hubs supported by a hinterland that extends across the country, and has a captive volume of more than eight million of Twenty Foot Equivalent Unit, or TEUs.
DP World does 34 percentage of container handling in India, said Jibu Kurien Itty, chief executive officer, India Gateway Terminal Pvt Ltd.
Addressing the UAE media delegation, he said all ports are currently operational. "The sub continent region investments are made strategically across all major gateways along north, to Mundra and Nhava Sheva on the west coast, and up to Chennai and Viskapatnam on the east coast. We are yet to start operations in Kulpi, in West Bengal, but we have the operational license for it," said Itty. Being the operators of India's first private container terminal in 1999, DP World has over the years developed the network and understanding of India's business dynamics of container trade. With 90 per cent of the global trade moving by sea, container terminal operators have an unprecedented impact on the soomth running of global supply chain.
The Cochin container terminal is the youngest of five ports and is the only transshipment hubs supported by a hinterland that extends across the country, and has a captive volume of more than eight million of Twenty Foot Equivalent Unit, or TEUs.
Explaining logistics Itty said: "At present, we have a million TEU capacity scale but we expect to take up to 4 million at the completion of the third phase. Currently, we have a total land area of 112 hecters. We have our development chalked out in a phased manner. The port enjoys a draft of 14.5 metre a draft adequate to service the largest ships afloat. We are connected to a rail network, in other words the trains can be taken to any part of India. We have got a 4.68km rail freight bridge exclusively built for this project."
According to him south India's container market accounts for closed to two million TEUs, 25 per cent of India's trade. "Today, all containerised trade from this area finds its way overseas through transshipment out of international hubs. And we want to position ourselves as the perferred choice for India's container business." firstname.lastname@example.org