It was not for nothing that Prime Minister Manmohan Singh made a special mention, at the inauguration of Vallarpadam ICTT, of the RO-RO service between Vallarpadam and Bolghatty islands.
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The Gamechanger
After a 20-year wait, the brand new ICTT at Vallarpadam is all set to be Kerala maritime’s best brand ambassador yet, further transforming the maritime and logistics landscape of the region. Shashidhar Nanjundaiah writes from Vallarpadam.
The aim is to both have and avoid transhipment
As container handling operations begin at the Vallarpadam terminal around noon on 18 February, G Krishnakumar, Deputy Chairman, Cochin Port Trust, pauses his interview with Shashidhar Nanjundaiah, and looks out the expansive windows of his office—overlooking the CPT-owned terminal—for the understated but historic moment.
Expertspeak: Yet privatisation has been successful
With ICTT, by bringing mainline vessel calls to Cochin, shippers—especially in south India who earlier had to tranship their cargo over to Colombo and other regional hubs—will now save on the additional feedering cost at the hub port.
Ministry proposes SPV on the lines of DP World, PSA
The shipping ministry has proposed to set up a new special purpose vehicle–Indian Ports Global–that would invest in ports abroad and become a global power in the port sector, worldwide.
Lots to begin Ro-Ro service
Lots Shipping is all set to begin operation of its ro-ro service between Willingdon Island and Bolghatty by mid-February.
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After the recent Cancun Summit became just one more wasted effort to resolve the North-South conflict in moving towards a less polluting world, experts believe the solution may lie in multi-lateral agreements.