Developed
by the World Bank and S&P Global Market Intelligence, the fourth edition of
the CPPI highlights how regional
disruptions impacted port performance everywhere. The CPPI is based on
available empirical objective data pertaining exclusively to time expended in a
vessel stay in a port.
There
are 57 new ports in the CPPI 2023, including Muuga Harbour in Estonia and Port
of Al Duqm in Oman, as well as several notable movers. One of the major Indian ports, Visakhapatnam Port, made it into the top
20. Despite its relatively low ranking, Dar es Salaam Port in Tanzania
managed to shave ship arrival times by 57%. Meanwhile, some Middle Eastern
ports, such as those in the United Arab Emirates, Saudi Arabia and Qatar,
experienced a decline from their previous high rankings.
Looking
at the top-performing ports, China’s Yangshan Port earned the top spot for the
second consecutive year, while Oman’s Port of Salalah retained the number two
position. The port of Cartagena in Colombia ascended to third place.
Tanger-Mediterranean of Morocco held steady in fourth, and Tanjung Pelepas Port
in Malaysia rounded out the top five.
Other
key takeaways from the report include the fact that there are no American ports within the top 50 rankings, with
Charleston top placed at 53. South Africa’s ongoing troubles to improve
productivity at its ports was highlighted with two of the nation’s ports –
Ngqura and Cape Town – ranking at the bottom of the index in 404th and 405th
spot respectively with Durban also faring poorly in 398th spot.
Martin
Humphreys, lead transport economist at the World Bank, said container shipping
continues to be an “unpredictable and volatile” sector. “Major ports need to
invest in resilience, new technology, and green infrastructure to ensure the
stability of global markets and the sustainability of the shipping industry,”
Humphreys said.