The dreams of year 2020 were marred by the unexpected pandemic and posed unprecedented challenges. The pandemic altered our way of life, impacted the business processes and also the finance badly.
Though Cochin Port Trust has been recovering from the losses, which badly affected the Port for almost a decade, the fall in revenues resultant to the pandemic has pushed us again to the red. However, I strongly feel that we will recover from the current situation by the end of 2021 if the industrial and economic activities around the world recovers at a fast pace.
Even though the pandemic has caused a lot of hardships to our personal lives and businesses, it has taught us to look at life differently and gave an opportunity to review various processes of the organisation.
While there has been substantial decrease in the Cargo movement during the first half of the current financial year, the second half witnessed a steady improvement in cargo handling.
Cochin Port recorded the highest ever monthly throughput of 3.20 MMT in December 2020, a growth of 10.55% over December 2019. Also, monthly handling of containers at the ICTT crossed 60,000 TEUs consecutively in the past four months, charting a new growth trajectory. However we need to find new vistas for revenue generation by optimum utlilisation of resources available to us.
Projects for refurbishment of our infrastructure including Cochin Fisheries Harbour and South Coal Berth and expansion of solar energy generation programme by adding a floating plant are in progress.
The inauguration of Cochin- Mangaluru pipe line by Hon'ble Prime Minister in the first week of Jan 2021 would pave the way for increased through put at LNG Terminal at Cochin Port. This alongwith the positive trends in the container front would definitely help to improve our performance during next financial year.
I would like to thank everyone in the Cochin Port family, including all my colleagues, members of the trade fraternity and the trade unions who helped us sail through the rough seas in the year 2020. I also solicit support of all of you to overcome the challenges of the post-pandemic days and achieve an exemplary performance in the year 2021.
Wishing you all a very happy and prosperous 2021.
Dr. M. Beena IAS