China’s ports still lead performance rankings, while India’s move higher: CPPI

Source: The Loadstar
Date: 4th June 2024

While the upper tier of global container ports remained mostly unchanged last year, the middle tier saw upheaval as ports at emerging export economies joined the ranks of top performers, according to the 2023 Container Port Performance Index (CPPI).

The CPPI, co-developed by S&P Global Market Intelligence and the World Bank and published Tuesday, uses metrics such as the number of calls, vessel sizes and time at berth to rank the performance of 405 container ports around the globe.

The head of Port Intelligence & Analytics at S&P Global Market Intelligence said in a statement that the CPPI provides a roadmap for shippers, manufacturers and policymakers to understand how port efficiency impacts overall supply chain costs.

“The highly interconnected nature of container shipping means the negative effect of poor performance in a port can extend beyond that port’s hinterland and disrupt entire schedules,” S&P Global Market Intelligence said. “This increases the cost of imports and exports, reduces competitiveness and hinders economic growth and poverty reduction.”

The CPPI’s fourth edition highlights the continued dominance of ports serving Asia’s export-driven economies. East and Southeast Asian ports made up 13 of the top 20 ports.

In that group, China still dominates, with its Yangshan port occupying the No. 1 spot in the CPPI for the second year in a row and six other Chinese ports among the Top 20.

Among top ports, Abu Dhabi’s Port of Khalifa dropped the most, going from No. 3 in 2022 to No. 29 in 2023. The CPPI showed that other Middle Eastern ports, such as those in Saudi Arabia and Qatar, also dropped in rankings.

Colombia’s Cartagena took over Khalifa’s former rank, while Oman’s Salalah port remained in the No. 2 slot last year.

Thanks to the rise of the country’s export-oriented manufacturers looking to supply Western customers, India’s Port of Visakhapatnam was ranked No. 20 last year. It was the first time a port cracked the top tier and a big move up from its 115th rank in 2022. India’s Mundra port also moved up the rankings, coming in at No. 27 after its previous No. 48 position in 2022.

The CPPI also shook up its rankings of North American ports. Last year saw Charleston emerge as the top US port by ranking at No. 53 compared with a previous ranking of No. 340. Philadelphia also made a big move higher, going from No. 98 in 2022 to No. 55 last year.

The rankings were further jolted by adding 57 new ports to the 2023 CPPI, including Muuga Harbor in Estonia and Oman’s Port of Al Duqm.

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