Minister of State for Shipping has reviewed the development activities of Vallarpadam Terminal of Cochin Port. It is envisaged as first trans-shipment port of India, managed by DP World.
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Key-Points
The Minister has directed officials to chalk out the strategy to tackle the various challenges and actualize the vision of Trans-shipment Hub of India and pioneer hub in the South Asia.
Trans-shipment Hub is the terminal at the port which handles containers, stores them temporarily and transfers them to other ships for the onward destination.
The Kochi International Container Trans-shipment Terminal (ICTT), locally known as the Vallarpadam Terminal is located strategically on the Indian coastline.
It successfully fulfills all the criteria which are needed to develop it as trans-shipment hub which include:
- It is best positioned Indian port with regard to proximity to International sea routes;
- It is located at least average nautical distance from all Indian feeder ports;
- It entails a connectivity which has multiple weekly feeder connections to all ports on West & East Coast of India, From Mundra to Kolkata;
- It has proximity to key hinterland markets of India;
- It has the infrastructure to manage large ships and capacity to scale it up as per requirement.
