DP World operated International Container Transshipment Terminal (ICTT) at Cochin has recently started a new weekly Far East West Africa India Express service (FEW3) operated by Maersk Line.
The new service, with a fixed-weekly sailing deploying 13 vessels of 4,500 to 5,500 TEU capacity, 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 MV Kmarin Azur on May 7.
Inclusion of this service will boost cashew, raw cotton and timber trade from Kerala and Tamil Nadu. With this new service customers can connect their cargo directly from Cochin to global markets instead of transshipping at Colombo Port thereby, providing overall cost advantage by reducing the transit time by 7-10 days, reports New York’s FreightWaves.
The terminal has registered remarkable 48 per cent year-to-date (YTD)volume growth, surpassing overall South India growth of 23 per cent for the same period. This has led to increase in Cochin Port ranking to number 2 among all South Indian Terminals.
Praveen Joseph, CEO, DP World Port Terminal Cochin, said: “Our emphasis continues on improving direct connections and providing our customers with reliable, faster and cost-effective options to ship out of Cochin Port. The new Service will immensely boost Cashew, Raw Cotton and Timber trade from Kerala, Tamil Nadu & nearby regions by providing direct connectivity to key global markets.
“At DP World, it is our constant endeavour to deliver the best services to our partners in the supply chain with highest levels of efficiency. We are extremely pleased to be chosen by our customers, and this further reinforces their confidence in our capabilities to add value to trade.”