China's Yangshan Port Tops New Container Port Performance Index
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.
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 [email protected].
News Media Contact:
World Bank
Erin Scronce
Tel: +1 (202) 473 3082
[email protected]
S&P Global Market Intelligence
SungHa Park
Tel: +82 2 6001 3128
[email protected]
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
