India funds Cochin transshipment hub amidst Sri Lankan crisis
PORTS & SHIPPING

India funds Cochin transshipment hub amidst Sri Lankan crisis

The Indian Ministry of Ports, Shipping and Waterways (MoPSW) has decided to fund a Rs 300 crore ($38.8 million) project to deepen Cochin Port's channel, improving the port's economic position by capitalising on Sri Lanka's traffic congestion.

The MoPSW expects an increase in transshipment operations at Cochin Port, India's only international container transhipment terminal, after economic and political turbulence and reports of congestion at Colombo Port (ICTT).

The decision to deepen the channel from 14.5 to 18 metres is part of an effort to reduce India's reliance on Colombo for container freight shipping and receiving.

Due to the protracted crisis, the transshipment volume at the ICTT has already climbed to 13,609 TEU in March 2022, up from 8,394 TEU the previous year, according to Cochin Port statistics.

According to the port administration, deepening the canal can be done swiftly to take advantage of the opportunity, but an overall capacity expansion may take longer.

The Indian Ministry of Ports, Shipping and Waterways (MoPSW) has decided to fund a Rs 300 crore ($38.8 million) project to deepen Cochin Port's channel, improving the port's economic position by capitalising on Sri Lanka's traffic congestion.The MoPSW expects an increase in transshipment operations at Cochin Port, India's only international container transhipment terminal, after economic and political turbulence and reports of congestion at Colombo Port (ICTT).The decision to deepen the channel from 14.5 to 18 metres is part of an effort to reduce India's reliance on Colombo for container freight shipping and receiving.Due to the protracted crisis, the transshipment volume at the ICTT has already climbed to 13,609 TEU in March 2022, up from 8,394 TEU the previous year, according to Cochin Port statistics.According to the port administration, deepening the canal can be done swiftly to take advantage of the opportunity, but an overall capacity expansion may take longer.

Next Story
Real Estate

Our panels build faster and cost less than traditional methods

In the race to build faster and taller, the construction industry often leaves a heavy environmental footprint. But what if we could build with speed, efficiency, and sustainability? Sangeetha Menon, Founder and CEO, Hedrad, an NSRCEL-incubated venture pioneering lightweight composite panels in India, discusses her journey of innovation, unique marketing strategy and vision for a greener future in construction with CW.What inspired the name Hedrad and what does it represent in terms of your brand’s values?The name stems from the core of our panels, which use a honeycomb design base..

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?