The International Container Transshipment Terminal at Vallarpadam has posted a 14 per cent growth in the first quarter of 2019, surpassing the average industry rate of 9 per cent.
South India’s premium transshipment terminal operated by DP World recorded the highest quarterly throughput of over 1.6 lakh TEU and recorded its all-time highest monthly throughput of more than 56,000 TEU in March 2019. The terminal also witnessed a 48 per cent improvement in transshipment volumes during the first three months of 2019. This is due to the excellent feeder connectivity the terminal boasts to the major as well as minor ports and inland waterway ports in India.
Praveen Joseph, CEO, DP World, Kochi, attributed this growth rate to the terminal’s persistent efforts in enabling smarter trade solutions, delivering world-class productivity. It is also a testament to the company’s increasing prominence as South India’s leading gateway. The terminal’s in house developed TOS – Zodiac and RFID enabled gate movements facilitate optimization of time and seamless movement of cargo.
Read more on The Hindu BusinessLine.