The Cochin Port Trust handled a record 3.20 million tonnes of cargo in December 2020, a monthly record volume for it.
The volume is a 10.55 per cent growth over December 2019, said Cochin Port Trust chairperson M. Beena, in a message to the employees and officials of the port trust. Container movement too touched a consistent 60,000 TEUs consecutively in the four months leading to December.
The surge in the movement of cargo is being looked upon as new shoots in the port business after the plans of 2020 were washed away in the COVID-19 pandemic. The growth in cargo movement is “charting a new growth trajectory. However, we need to find new vistas for revenue generation by optimum utilisation of resources available to us,” the chairperson told the port community.
The port has been recovering from the losses, which had affected it for the past decade. But the pandemic and resultant loss in business had pushed the port into the red. But the port was expected to make a recovery by the end of 2021, the chairperson said.