The DP World operated International Container Transshipment Terminal (ICTT) at Cochin recently added a new weekly Far East West Africa India Express service (FEW3) operated by Maersk Line. The new service with a fixed-weekly sailing will deploy 13 vessels of 4,500 to 5,500 TEUs capacity.
The new service offers direct connectivity from West Africa to Cochin Port and from Cochin Port to Far East Ports. The service started with the maiden call of vessel M.V. Kmarin Azur on 7 May 2021. Inclusion of this service will boost cashew, raw cotton, and timber trade from the Indian states of Kerala and Tamil Nadu.
With this new service customers can connect their cargo directly from Cochin to global markets instead of transhipping at Colombo Port thereby, providing overall cost advantage by reducing the transit time by 7-10 days.
The terminal has registered remarkable 48% YTD volume growth, surpassing overall South India growth of 23% for the same period. This has led to increase in Cochin Port ranking to number two among all South Indian Terminals. The terminal achieved this growth by enhancing direct vessel connections and strengthening rail connectivity to hinterland markets.
ICTT caters to large number of customers across vast hinterland including Coimbatore, Tirupur, Salem, Erode, Mysore located in states of Tamil Nadu and Karnataka. The terminal has witnessed 38% YTD growth in cargo coming from these states.
ICTT also offers excellent rail connectivity to Bangalore thereby…