A decade down, ICTT aims to emerge as India’s transhipment hub
ICTT, officials said, has played a key role in making Kochi a strategic hub to enhance trade in the south India region.
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| A+A A- By Express News Service
KOCHI: DP World, which operates the International Container Transshipment Terminal (ICTT) at Vallarpadam in Kochi, has completed 10 years, achieving the milestone after battling the initial turbulent period. The ICTT also managed to silence sceptics who did not give a chance to the terminal saying Colombo port’s locational advantage and the Vallarpadam’s smaller draft will not help it survive for long.
Cochin Port Trust could sign MoUs worth ₹3,000 crore at maritime summit
February 25, 2021
A view of the International Container Transhipment Terminal (ICTT), Vallarpadam at Kochi in Kerala (File Photo)
A view of the International Container Transhipment Terminal (ICTT), Vallarpadam at Kochi in Kerala (File Photo)×
To be in areas like dredging for maintenance of channels and basins, coastal connectivity, cargo handling, tourism-related projects, aviation fuel terminal, and deepening and widening of port channels
Cochin Port Trust is expected to sign over 25 memorandums of understanding (MoUs) worth around ₹3,000 crore at the 2nd Maritime India Summit 2021 scheduled to be held on March 2 to 4.
DP World-led ICTT completes 10 years of operations at Kochi
February 18, 2021
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ICTT played a key role in making Kochi a strategic hub to enhance trade in South India
DP World-operated International Container Transshipment Terminal (ICTT) at Kochi has completed 10 years of existence, achieving its all-time highest monthly throughput of more than 70,000 TEUs in January, registering a 36 per cent growth over January 2020.
ICTT is India’s first transshipment hub strategically located in close proximity to major global east-west trade routes. Since inception, the terminal has handled 4.68 million TEUs and 5,661 vessel calls including 1,858 mainline vessel calls. In 2020, despite major business disruptions, the terminal handled 6.31 lakh TEUs, registering marginal decline of 0.35 per cent over 2019 volumes, while the South India market collectively registered an average degrowth of 11.2 per cent.
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