THE economic crisis in Sri Lanka has triggered hopes of positioning the international container transshipment terminal in Kochi as a major transshipment port in the region, reports Chennai's New Indian Express.
Sri Lanka's Colombo port is the largest and busiest port in the Southeast Asia region. In the recent months, there has been a shift in cargo moving to Indian ports, including Kochi, Thoothukudi and Chennai.
The transshipment volume of ICTT Vallarpadam increased by 62 per cent, recording a steep rise from 8,394 TEU in March 2021 to 13,609 TEU in March 2022.
Indian exporters route around three million TEU through Colombo annually. Though India built the transshipment terminal at Vallarpadam in 2011, it failed to attract mainline ship operators.
There has been a shift in cargo moving to Indian ports, including Kochi, Thoothukudi, and Chennai.
The transshipment volume of ICTT Vallarpadam increased 62 per cent, a rise from 8,394 TEU in March 2021 to 13,609 TEU in March 2022.
Indian exporters route three million TEU of containers through Colombo port per year.
Though India built the transshipment terminal at Vallarpadam in 2011, it failed to attract mainline ship operators.
'The Kochi port recorded a transshipment volume of 1,56,159 TEU in 2021-22, recording an 80 per cent increase compared to 2020-21, when the volume was 86,871 TEU. In 2020-21, we recorded a 140 per cent increase in transshipment of containers from the previous year when the volume was 36,183 TEU,' said Kochi Port Trust chairwoman M Beena.
Said DP World Kochi CEO Praveen Joseph: 'Transshipment volumes at DP World Cochin has increased by 131 per cent in the January-December 2021 period compared to the same period in 2020 with 1.49 lakh TEU.
'More than 25 additional mainline service calls were made for transshipment to DP World Cochin's terminal in 2021 by major carriers like MSC, Maersk, and CMA as an alternative to Colombo. DP World Cochin has also evolved to be a major hub for coastal transshipment and the volumes have grown by 48 per cent in 12 months.'
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Sri Lanka's Colombo port is the largest and busiest port in the Southeast Asia region. In the recent months, there has been a shift in cargo moving to Indian ports, including Kochi, Thoothukudi and Chennai.
The transshipment volume of ICTT Vallarpadam increased by 62 per cent, recording a steep rise from 8,394 TEU in March 2021 to 13,609 TEU in March 2022.
Indian exporters route around three million TEU through Colombo annually. Though India built the transshipment terminal at Vallarpadam in 2011, it failed to attract mainline ship operators.
There has been a shift in cargo moving to Indian ports, including Kochi, Thoothukudi, and Chennai.
The transshipment volume of ICTT Vallarpadam increased 62 per cent, a rise from 8,394 TEU in March 2021 to 13,609 TEU in March 2022.
Indian exporters route three million TEU of containers through Colombo port per year.
Though India built the transshipment terminal at Vallarpadam in 2011, it failed to attract mainline ship operators.
'The Kochi port recorded a transshipment volume of 1,56,159 TEU in 2021-22, recording an 80 per cent increase compared to 2020-21, when the volume was 86,871 TEU. In 2020-21, we recorded a 140 per cent increase in transshipment of containers from the previous year when the volume was 36,183 TEU,' said Kochi Port Trust chairwoman M Beena.
Said DP World Kochi CEO Praveen Joseph: 'Transshipment volumes at DP World Cochin has increased by 131 per cent in the January-December 2021 period compared to the same period in 2020 with 1.49 lakh TEU.
'More than 25 additional mainline service calls were made for transshipment to DP World Cochin's terminal in 2021 by major carriers like MSC, Maersk, and CMA as an alternative to Colombo. DP World Cochin has also evolved to be a major hub for coastal transshipment and the volumes have grown by 48 per cent in 12 months.'
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