Vallarpadam to be rate competitive
Cochin Port Trust has decided to pitch vessel-related charges at the new Vallarpadam container transhipment terminal at a level that will make facility competitive with other transhipment hubs in the region.
Operator DP World has also promised to keep handling charges in line with those of its regional rivals.
Currently, proposed rates would be 30%-60% higher than those charged by the Rajiv Gandhi Container Terminal, while India’s Tariff Authority for Major Ports has recently hiked charges by 40% at the port, which is now viewed as uncompetitive.
DP World has said it may well invest up to $1bn in turning Vallarpadam container terminal into a regional transhipment hub.
The facility, which is due to open in August, will be the first in India to handle 13,000 teu container ships. At present, these can only call at Colombo in Sri Lanka, or at Singapore or Dubai.
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