Minister of State for Shipping Shri Mansukh Mandaviya on July 15, 2020 reviewed the development activities of Vallarpadam Terminal of Cochin Port. It is envisaged as first trans-shipment port of India, managed by DP World.
trans-shipment port of India
Trans-shipment facility is being developed on Indian port to ensure that Indian cargo trans-ship through Indian Port.
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.
Why Vallarpadam Terminal as trans-shipment hub?
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.
Vallarpadam Terminal of Cochin Port is proposed to be developed as most preferred gateway for South India and leading trans-shipment hub of South Asia.
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