KOCHI : DP World, a leading global provider of smart end-to-end supply chain solutions,announced that its International Container Transshipment Terminal (ICTT) at Cochin delivered a record-breaking performance by handling over 72,000 TEUs for three consecutive months.
ICTT handled 73,636 TEUs in July 2024, delivering 25% volume growth from May – July period of FY2024-2025. This strong performance comes on the back of a robust June 2024 volume of 79,044 TEUs.
40 additional vessel
In the current CY alone, DP World Cochin has facilitated about 40 additional vessel calls to support growth of trade in the region during which the terminal has successfully handled ULCV (Ultra Large Container Vessels) such as MSC Aurora, MSC Darlene, and MSC Mariagrazia, all of which are over 365 meters in length.
Recorded the highest growth
Further, ICTT has also recorded the highest growth at 22% in the Apr-July period of FY24-25. The terminal has consistently recorded higher volumes this FY, with the highest at 79,044 TEUs in June 2024.
In the financial year 2023-24, DP World Cochin achieved its highest-ever combined volume of 754,237 TEUs, solidifying its position as South India’s preferred gateway for trade through consistently enhanced performance.
Exceptional efficiency
Speaking about DP World Cochin’s record-breaking performance and growth, Mr. Praveen Thomas Joseph, CEO, DP World Ports & Terminals, Cochin, said, “DP World Cochin has consistently provided exceptional efficiency to our customers, reaffirming our dedication to supporting the state’s infrastructure and driving economic growth.
Largest terminals in South India
In Q1 2024, we introduced new STS cranes, e-RTGs, and expanded yard space, boosting our total capacity to approximately 1.4 million TEUs per annum, solidifying DP World Cochin as one of the largest terminals in South India.”
Regular connectivity
DP World’s ICTT provides mother vessel (mainline) connectivity to the Far East, Southeast Asia, Middle East, Europe/Mediterranean, and Singapore.
This allows 50% of the cargo to connect directly on mother vessels, avoiding congested hubs, resulting in faster and reliable transit times. It also offers regular connectivity to multiple transshipment hubs like Singapore, Port Klang, Colombo, Jebel Ali and Mundra.
Operational efficiency
DP World Cochin has also made considerable strides to enhance operational efficiency with gate automation, eliminating paper transactions, and accelerating cargo handling. The terminal has made real-time vessel details available to optimize shipment planning and logistics.
The user-friendly interface improves navigation and transparency, making shipment tracking much easier for customers.
Zone (FTWZ)
To support EXIM trade from the state, DP World opened its 75,000 sq. ft. state-of-the-art Cochin Economic Zone that is co- located with a container terminal to enable seamless trade.
This newly launched economic zone is Kerala’s first free trade warehousing zone (FTWZ) and India’s first economic zone within a major port further strengthening its position as South India’s preferred gateway to trade.
Rajiv Gandhi
It is noteworthy that In 2004 DP World won the concession to operate the Rajiv Gandhi Container Terminal at Cochin Port and develop the International Container Transshipment Terminal at Vallarpadam (incorporated as the India Gateway Terminal Pvt. Ltd.).
Cochin Port
Cochin Port is next to the East-West trade route, only 11 nautical miles from the direct Middle East – Far East sea route.
No other Indian port enjoys strategic geographic proximity to major maritime sea routes. DP World Cochin serves as the natural gateway to the vast industrial and agricultural produce markets of South and West India.
The port’s hinterland connectivity includes the state of Kerala and parts of Tamil Nadu and Karnataka.
Improved road and rail connectivity have substantially reduced the transit time and logistics cost, making Cochin Port a preferred gateway for exports and imports from/to the hinterland.
