Kochi: Inkel Ltd. along with APMT is gearing up to increase the operational capacity of its state-of-the-art Container Freight Station (CFS) at Vallarpadam, which is currently handling 500 twenty-foot equivalent units (TEUs) per day.
The CFS, set up by Inkel through a Special Purpose Vehicle (SPV of MFAR, INKEL and VKL Holdings) under the name MIV Logistics Pvt. Ltd., has emerged as one of the busiest freight stations in the State. The volume of container movement has considerably increased in the last one year.
In a release, T Balakrishnan, Managing Director, Inkel said, “The station has container traffic of nearly 400 trucks per day. We are expecting it to rise by another 20 to 30 per cent in the next one year. However, full capacity utilization will depend on ICTT’s performance in coming years. The freight station is the biggest of its kind in Kerala with more than six lakh sq ft heavy duty precast concrete tile paved yard for container storage. The facility has more than 62,000 sq feet of warehousing and storage space suitable for various types of cargo handling. Tonnage-wise, it can accommodate more than 10,000 tonnes of material. More of warehousing facility is being planned.”
Currently, the freight station is being operated and maintained by APM Terminals (APMT) on a revenue-sharing model with Inkel. The CFS is situated on 7.59 Hectares of land which Inkel has taken on lease from Cochin Port Trust (CPT) for 30 years through an open tender. The CFS Project was executed at a cost of Rs 75 crores and is the largest of its kind in the State. Tie up of APMT with INKEL- MIV CFS was a land mark achievement as after a long time a multinational was willing to associate with a company based in Kerala.
APMT which has worldwide operations, in association with INKEL is striving towards making the MIV CFS a land mark facility where the export and import community can start feeling the difference in customer service in port related activities.
Kerala Biz News