Explanation:

Minister for Shipping has reviewed the development activities of Vallarpadam Terminal of Cochin Port. It is envisaged as first trans-shipment port of India, managed by DP World. Trans-shipment Hub is the terminal at the port which handles containers, stores them temporarily and transfers them to other ships for the onward destination. The Kochi International Container Trans-shipment Terminal (ICTT), locally known as the Vallarpadam Terminal is located strategically on the Indian coastline. It successfully fulfils all the criteria which are needed to develop it as trans-shipment hub. Vallarpadam Terminal of Cochin Port is proposed to be developed as most preferred gateway for South India and leading trans-shipment hub of South Asia. Hence option 4th is correct.