In the fiscal year 2024-25, DP World’s Container Terminal in Cochin set a new volume record, handling 834,665 TEUs with an 11% year-on-year growth. Various segments like transshipment, foreign exports, coastal exports, reefer volumes, and single-vessel transactions also achieved new records. The terminal plays a crucial role in regional trade in South and East India.
DP World reported a 17% increase in cargo handling at its Cochin terminal in 2024 due to new equipment and expanded yard space. The terminal reached a record volume of 840,564 TEUs, solidifying its position as a major terminal in South and East India. Additionally, the terminal’s electrification efforts have reduced its carbon footprint.
Nearly 20,000 workers at major Indian ports have called off their strike after reaching a new agreement for an 8.5% pay increase over five years. The deal, crucial in avoiding disruptions in the global supply chain, followed months of negotiations between unions and the government. The resolution highlights the importance of cooperation in maintaining essential services.
