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Chairman's Message Archive

CHAIRMAN’S MESSAGE

13.02.2012 

             These are exciting times to be at Cochin Port. The Port is in transition and gearing up for new businesses. We have a number of projects on the anvil and we need to give focused and sustained attention to ensure they come to fruition at the earliest.

            The International Container Transshipment Terminal, Vallarpadam has yet to touch its targeted throughput of 1 million TEUs, but we are sure that the constraints of Cabotage practice and outdated procedures will be solved shortly, enabling the terminal to work to full potential.

          We hope to see an explosion of activity with the launching of direct services to Europe and the Far East from Cochin. To support the terminal the Port has planned 4 CFSs bang outside the terminal; 2 have already been tendered and 2 more will be settled this year. Around 10 CFSs are in various stages of implementation in the vicinity of the terminal to handle the increase in traffic.

          At the Port's own CFS, sector-focused initiatives like more free storage time for coffee consignments, are being planned. Investments in Reach Stackers, Harbour Mobile Cranes and Automated Bagging Equipment are also planned in current year to speed up handling and evacuation of cargo from the Port.

        The concession for developing a 102 acre Free Trade Warehousing Zone on Willingdon Island will be awarded through tender this year; this will give the development of logistics in the area a boost.

        Petronet LNG Ltd. are doing a fantastic job of commissioning their 5 MMTPA capacity LNG Terminal at Cochin in time, i.e. September, 2012. Cochin Port Trust is trying to catalyse a 1,200 MW R-LNG based Power Plant by a joint venture with PLL and Government of Kerala in the vicinity of the Re-gasification Plant so as to tap the 11.3% savings from cold energy in power generation. Cochin Port Trust have committed to provide the land necessary for the purpose. The Port also hopes to award the Multi User Liquid Terminal this year. Apart from giving a fillip to bunkering, this terminal will also set in motion the investments by Indian Oil Corporation for the LPG storage facility at Puthuvypeen.

       Bunkering itself is planned to be a major activity. With its 1,90,000 BPD coastal refinery, BPCL offers 380 centistoke (cst) fuel oils compliant with the latest international standards viz. ISO-8217-2010 with sulphur content less than 3.5%, which even established international bunkering hubs are yet to offer. Besides, BPCL also offers highly competitive spot prices linked to Singapore quotes. Their terminals are ISO-9001 certified with end-to-end bunker supply chain certified by India Register of Shipping for full compliance to International MARPOL guidelines. BPCL currently supplies ex-barge deliveries on 24x7 basis.

       Investments in fixed fire fighting equipment at Q4 berth will happen in the current year; this will enable the tank farms on Willingdon Island to cut down shipping costs by getting larger parcel sizes.

       The Port is developing a Ship Repair Yard on 45 acres of land with 850 metres of water front with private participation. An EOI has elicited considerable investor interest.

       A General Cargo Berth with 4 MMTPA capacity is planned on Q8 & Q9 berths with private participation. The RFP has already been floated

       The Ministry of Tourism of both Central Government and Government of Kerala are supporting the development of a Cruise Terminal on Willingdon Island to cater to the 50 odd cruise ships that visit Cochin every year.

       The Cochin Port Trust has also drawn up a Master Plan for development of Willingdon Island clearly announcing its intent to use the back-up area to increase throughput at the Port. Several cement majors are investing in bagging plants on Willingdon Island to harness the economies of bringing cement in bulk by ship.

       An integrated complex for tea auctions and processing, to be called Cochin Tea Trading Centre, is also being planned.

       We have been able to plan out all these activities with the cooperation of all our employees. The last one year has been one of peaceful endeavour here in the Port. Once the above projects take shape and bear fruit, the local economy is sure to get a boost. This year, may be in a sign of things yet to come, the sports and games teams of Cochin Port Trust have swept all the titles at the Major Ports' meet!

       We request all concerned to come and be part of this great experience.

  Paul Antony