Despite improved performance at global ports, more scope for
efficiency improvements remains
NEW
YORK, May 18, 2023 /PRNewswire/ -- Yangshan Port
in China took top position in the
third edition of the global Container Port Performance Index
(CPPI), despite periods of disruption caused by typhoons and
various other factors in 2022.
Developed by the World Bank and S&P Global Market
Intelligence, the third edition of the CPPI is a data-based
comparable index that ranks 348 global container ports according to
their efficiency, measured by the elapsed time between when a ship
reaches a port to its departure from the berth having completed its
cargo exchange. The ranking is intended to identify gaps and
opportunities for improvement for the benefit of key stakeholders
in global trade, including government, shipping lines, port and
terminal operators, shippers, logistics companies and
consumers.
"The Yangshan Deep-Water Port enjoyed the greatest
year-over-year improvement in performance of the top ports in the
CPPI," said Turloch Mooney, Director at S&P Global Market
Intelligence. "Yangshan managed to reduce ship waiting time by
a sizeable three hours per call in 2022 compared with 2021, and
berth hours also improved over most call size ranges despite the
challenging operating conditions in the first half of the year.
Yangshan continues to build for the future with ongoing heavy
investment in automation and rail connectivity."
Looking beyond Yangshan Port, Middle
East and North Africa ports
performed well again this year, with three ports from the region
finishing in the top five: Port of Salalah in Oman ranked 2nd, Khalifa Port in Abu
Dhabi took 3rd and Tanger Med ranked
4th.
Ports in Latin America showed
improved performance over 2022 with the Colombian Port of Cartagena
taking 5th place overall and Ecuador's Port of Posorja ranking
19th.
In Southeast Asia, the Port of
Tanjung Pelepas in Malaysia rose
to 6th place this year, with Vietnam's Cai
Mep 12th and Singapore port 18th.
In 16th place, the Port of Algeciras in Spain is the highest ranked port in
Europe.
Wilmington, North Carolina
(44th) and the Port of Virginia (52nd) are the top ranked
ports in North America.
The Port of Berbera, which ranked 144th, was the
highest-ranking port in Sub-Saharan Africa. Many ports in the
region continue to experience excessive vessel turnaround time, a
persistent risk for supply chain disruption.
"Improving port efficiency is essential for unlocking
Africa's growth and development,"
said Martin Humphreys, Lead
Transport Economist at the World Bank. "Africa's ports are vital gateways for trade
and commerce. Their efficient operation is a key determinant in
whether Africa achieves its
economic potential."
To access the CPPI report, please contact
press.mi@spglobal.com.
News Media Contact:
World Bank
Erin Scronce
Tel: +1 (202) 473 3082
escronce@worldbank.org
S&P Global Market Intelligence
SungHa Park
Tel: +82 2 6001 3128
sungha.park@spglobal.com
About the Container Port Performance Index
(CPPI)
Developed by the World Bank and S&P Global Market
Intelligence, the global Container Port Performance Index is a
comparable index of global container port performance intended to
serve as a reference point for key stakeholders in the global
economy, including national governments, port authorities,
development agencies, supra-national organizations and private
operators of trade, logistics and supply chain services.
About the World Bank
(www.worldbank.org/transport)
The World Bank provides financing, global knowledge, and
long-term commitment to help low- and middle-income countries end
poverty, achieve sustainable growth, and invest in opportunity for
all. We comprise the International Bank for Reconstruction and
Development (IBRD), the world's largest development bank, and the
International Development Association (IDA), one of the largest
sources of funding for the world's poorest countries. With the
other World Bank Group institutions as well as partners across the
public and private sectors, we are helping build solutions to the
global challenges of the 21st century in all major sectors of
development.
To harness the full potential of sustainable mobility, the World
Bank is helping client countries develop transport infrastructure
and services that are safe, green, efficient, and inclusive. The
World Bank is the largest provider of development financing for
transport globally and places a strong focus on climate-smart
transport systems.
About S&P Global Market Intelligence
At S&P Global Market Intelligence, we understand the
importance of accurate, deep and insightful information. Our team
of experts delivers unrivaled insights and leading data and
technology solutions, partnering with customers to expand their
perspective, operate with confidence, and make decisions with
conviction.
S&P Global Market Intelligence is a division of S&P
Global (NYSE: SPGI). S&P Global is the world's foremost
provider of credit ratings, benchmarks, analytics and workflow
solutions in the global capital, commodity and automotive markets.
With every one of our offerings, we help many of the world's
leading organizations navigate the economic landscape so they can
plan for tomorrow, today. For more information, visit
www.spglobal.com/marketintelligence.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/chinas-yangshan-port-tops-new-container-port-performance-index-301828325.html
SOURCE S&P Global Market Intelligence