Home >>
Chairman's Message

Dear Colleagues,

I am happy to join the Team Cochin Port once again and to get involved in the maritime developmental activities of Cochin.

I am sure my association with Cochin Port during 2009-2016 as a Trustee of Cochin Port Trust Board would help me in my new responsibility as Chairman of the Port.

Cochin Port, with its natural advantages and committed employees, has shown to the outside world how to overcome crisis situations. The austerity measures observed during the last few years, the efforts to improve productivity standards at all levels, committed marketing efforts, imbibing of technological advancements such as nautical depths and above all the guidance and directions of Ministry of Shipping have helped us recover from the financial doldrums. The waiver of penal interest on Govt of India loans to the tune of Rs. 897.23 Cr in Sept 2016 was a great relief to the Port.

The results of 2016-17 have been very impressive and encouraging, on both cargo handling and financial fronts and it reflects the success story of the Port.

  • The total traffic handled by the Port during 2016-17 is 25.01 MMT with the growth of 13.2%. over  22.10 MMT  handled in 2015-16.
  • The Containers handled during 2016-17 is 4.91 lakhs TEUs with a growth of 17.0% over 4.20 lakhs TEUs in 2015-16.
  • Containers for the month of March, 2017 at 45,346 TEUs is an all time record at ICTT.
  • Total POL handled in 2016-17 is 15.79 MMT against 13.77 MMT in 2015-16.
  • Coastal Car carriers have started calling at Cochin Port from September 2016
  • 46 Cruise vessels called at Cochin Port during 2016-17 compared to 33 in 2015-16.
  • There was an increase of 13.49% in the operating income while the increase in operating expenditure was a minimal 0.59%. As per the provisional figures, the increase in operating surplus is about 80%, which is really commendable.

I congratulate all my colleagues on achieving these commendable results. Also, I urge each one of you to put all your efforts to ensure a sustained growth in the days to come.

Best Wishes

P Raveendran

(13.05.2017)