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Kochi Port Cargo Growth Increase By 13.16% During FY 2017

Date 19-Apr-2017
Subject Kochi Port Cargo Growth Increase By 13.16% During FY 2017

COCHIN: Kochi is among the Major Ports in the Country that have put up a commendable performance during the last financial year with a cargo growth rate of more than 13% compared to the national average growth of nearly 7%.

The Kochi Port also did well in improving business. The port recorded an operating surplus of more than INR 127 crore during the last financial year compared to the operating surplus of nearly INR 71 core during the previous financial year. The port made a total operating income of INR 496.15 crore during the last year compared to INR 437 crore during the previous financial year.

According to data available with the Indian Ports Association, cargo growth touched 13.16% during 2016-17. Cargo throughput at Kochi grew from 22.09 million tonnes (mt) during 2015-16 to 25 mt during the last financial year. The other ports that have put up a better performance than Kochi include Paradip Port and Mormugao Port.

Source: Dailyshippingtimes.com

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