Start of 'OEL-KOCHI' from ICTT, Vallarpadam to boost Coastal Shipping in West Coast
Kochi: Shreyas Shipping and Logistics Ltd, an Indian vessel operator who pioneered the coastal transshipment and carriage of coastal domestic containers by sea with a prime motive to go Green has added m.v. OEL KOCHI in her fleet and dedicated the same for the coastal trade on the West Coast of India.
The first voyage of OEL KOCHI will commence on 14th August, 2012 from International Container Terminal, Vallarpadam. m.v. 'OEL KOCHI' having GRT of 21339 and carrying capacity of 1725 TEUs has called today at International Container Terminal (ICTT) Vallarpadam, operated by M/s. DP World Cochin. This is her maiden call and joined coastal service on the West Coast of India, which will enhance the current Indian tonnages deployed on West Coast of India by as much as 22%.
Mr. S. Ramakrishnan, Chairman and Managing Director, Shreyas Shipping said “We envision a bright future for coastal shipping in India. Shreyas has therefore inducted one more vessel OEL KOCHI to its fleet and on her maiden call at Cochin port. We will dedicate this to the nation for the coastal trade on the eve of 65th Independence day. We have named the vessel as OEL KOCHI to primarily promote connectivity between Vallarpadam terminal at Kochi with other Indian ports and container terminals.”
He added, “We will dedicate this to the nation for the coastal trade on the eve of 65th Independence day. We have named the vessel as OEL KOCHI to primarily promote connectivity between Vallarpadam terminal at Kochi with other Indian ports and container terminals.” The Coastal Shipping in West Coast is being strengthened by the arrival of new vessel 'OEL KOCHI' which was inducted into service by M/s Shreyas Shipping, the prominent player in coastal shipping in India.
The transshipment services will also be strengthned at Vallarpadam Terminal which is being operated by M/s. DP World. The Indian containerized tonnage deployed on the West coast of India currently is having capacity of 8120 TEUs and with the addition of one more vessel 'OEL KOCHI' by Shreyas Shipping, a leading coastal operator, the capacity has increased by 21% to 9845 TEUs which will also help to promote ICTT, Vallarpadam as container transshipment hub port on the West Coast of India.
The growth in Indian tonnage on the West Coast of India will enable to provide connectivity of ICTT, Vallarpadam with most of the container terminals and ports on the West Coast of India and help in developing ICTT as transshipment hub besides providing growth in movement of domestic containers in and out of Kerala state. Both domestic as well as coastal transshipment trade will benefit at large with the additional capacity deployed.
Coastal shipping offers several advantages over other modes of transportation in terms of cost and volume. This means that voluminous cargo can be easily carried through coastal shipping. In a recent study, it has been found that the diversion of 5% of cargo transportation to shipping can result in an annual saving of around INR 20 billion and a reduction of 6% in harmful chemicals and pollutants.
