Figures released by the Indian Ports Association, depicts, that Kochi Port had a cargo throughput volume of 5.17 million tonnes during the months of April and May, 2021. This is an increase of approximately 51%, from 3.41 million tonnes, during the same period in 2020.
This upward trend in the volume of cargo throughput is heavily influenced by the region’s substantial increase in POL (Petroleum, Oil, and Lubricants) products, whose volume increased from 2.24 million tonnes in April-May 2020, to 3.17 million tonnes in the same period, this year (2021).
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The COVID-19 pandemic has heavily affected the shipping industry in India in the last financial year. The cargo movements in the Port of Kochi had dropped by approximately 8%, from 34 million tonnes during 2019-2020, to 31.50 million tonnes in 2020-2021. The port’s handling of cargo however, saw an increase of 11%, from 6.20 lakh TEUs in 2019-2020, to 6.89 lakh TEUs in 2020-2021.
There has been a decrease in the number of vessels handled by the port too, as the COVID-19 pandemic left it’s impact globally. The Kochi Port handled approximately 1,475 vessels during 2020-21, as compared to 1,589 vessels, during the previous financial year. The port’s operating revenue however, saw an increase of approximately 5% year-on-year.
Vessel related charges in the port went up by 9% during 2020-2021. This is primarily due to the crew change facility, which was implemented in the Kochi Port.