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Cochin Port Trust extends concession for vessels

Staff Reporter

Applicable to vessels with international ports of call


Concession to mainline carriers produces good results

Container throughput grows at 13.5 per cent


KOCHI: The Board of Trustees of the Cochin Port Trust has decided to extend the 60 per cent concession in vessel-related charges offered to mainline container vessels calling at the port by six months from November 7 or till the migration of container-handling operations to Vallarpadam.

Mainline container vessels had been provided a 50 per cent concession since September 2006 and the rate was raised to 60 per cent with effect from May. The concession is applicable to vessels with international ports of call in the Americas, Europe, Africa, Australia and any port in China. The port authorities here have shifted focus from providing concessions in berth hire charges and pilotage to feeder vessels after the move did not produce the desired impact on volumes.

On the other hand, they noted that the concession granted to mainline container carriers had produced good results with the container growth at the port growing 11 per cent in 2009-10 over the previous financial year.

The concession had also in mind the need to make the upcoming international container transhipment terminal at Vallarpadam competitive with the Colombo port.

Container throughput had grown 13.5 per cent between April and September this year over that of the same period last year, which prompted the decision to continue with the concessional rate. The mainline container traffic grew to 35 vessels and 28,679 20-foot equivalent units (TEUs) in 2009-10 from the 22 vessels and 10,452 TEUs in 2008-09. Till September this financial year, the traffic grew to 43 mainline vessels and 34,391 TEUs from the 25 mainline vessels and 21,982 TEUs between April and September 2009. The growth in volume has been 56 per cent.

The port trust also noted that the West and East African cashew seasons between April-July and November-February, respectively, have mainly been responsible for the growth in mainline container throughput.

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