Visakhapatnam Port in Top 20 in World Bank's Container Index
PORTS & SHIPPING

Visakhapatnam Port in Top 20 in World Bank's Container Index

The announcement came that the State-owned Visakhapatnam Port had made it to the top 20 rankings in the Container Port Performance Index 2023 (CPPI 2023), a measure devised by the World Bank and S&P Global Market Intelligence. It was disclosed that Visakhapatnam Port had secured the 19th position in the Index, surpassing Mundra Port, which was placed at 27 and managed by Adani Ports and Special Economic Zone (APSEZ).

The Index, which evaluates performance based on vessel time in port, was described as a comparative assessment. It was stated that Visakha Container Terminal, a wholly owned subsidiary of J M Baxi Ports & Logistics, operated a terminal with a capacity of 1.35 million twenty-foot equivalent units (TEUs) at Visakhapatnam Port on the eastern coast of the country.

The CPPI, which assessed 405 global container ports for efficiency by focusing on the duration of port stay for container vessels, aimed primarily to pinpoint areas for improvement beneficial to various stakeholders in the global trading system and supply chains, including ports, shipping lines, national governments, and consumers. It was noted that the Index encompassed ports with a minimum of 24 valid port calls within a 12-month period.

The fourth edition of CPPI, based on an extensive dataset comprising over 182,000 vessel calls, 238.2 million moves, and approximately 381 million twenty-foot equivalents (TEUs) for the entire calendar year of 2023, was highlighted. Emphasis was placed on the importance of ports' resilience, efficiency, and overall performance in facilitating global markets and economic development, as stated by the World Bank and S&P Global Market Intelligence.

It was reported that China's Yangshan Port retained the top position for the second consecutive year, with Oman's Port of Salalah maintaining the second spot. In the CPPI categorized by region (West, Central, and South Asia), Visakhapatnam was positioned 18th, while Mundra stood at 22.

Furthermore, Mundra was placed 22nd in the CPPI based on throughput in the large ports category (handling more than 4 million TEUs a year), with the state-owned Jawaharlal Nehru Port ranked at 90.

The announcement came that the State-owned Visakhapatnam Port had made it to the top 20 rankings in the Container Port Performance Index 2023 (CPPI 2023), a measure devised by the World Bank and S&P Global Market Intelligence. It was disclosed that Visakhapatnam Port had secured the 19th position in the Index, surpassing Mundra Port, which was placed at 27 and managed by Adani Ports and Special Economic Zone (APSEZ). The Index, which evaluates performance based on vessel time in port, was described as a comparative assessment. It was stated that Visakha Container Terminal, a wholly owned subsidiary of J M Baxi Ports & Logistics, operated a terminal with a capacity of 1.35 million twenty-foot equivalent units (TEUs) at Visakhapatnam Port on the eastern coast of the country. The CPPI, which assessed 405 global container ports for efficiency by focusing on the duration of port stay for container vessels, aimed primarily to pinpoint areas for improvement beneficial to various stakeholders in the global trading system and supply chains, including ports, shipping lines, national governments, and consumers. It was noted that the Index encompassed ports with a minimum of 24 valid port calls within a 12-month period. The fourth edition of CPPI, based on an extensive dataset comprising over 182,000 vessel calls, 238.2 million moves, and approximately 381 million twenty-foot equivalents (TEUs) for the entire calendar year of 2023, was highlighted. Emphasis was placed on the importance of ports' resilience, efficiency, and overall performance in facilitating global markets and economic development, as stated by the World Bank and S&P Global Market Intelligence. It was reported that China's Yangshan Port retained the top position for the second consecutive year, with Oman's Port of Salalah maintaining the second spot. In the CPPI categorized by region (West, Central, and South Asia), Visakhapatnam was positioned 18th, while Mundra stood at 22. Furthermore, Mundra was placed 22nd in the CPPI based on throughput in the large ports category (handling more than 4 million TEUs a year), with the state-owned Jawaharlal Nehru Port ranked at 90.

Next Story
Infrastructure Urban

AP Government's Ambitious Budget for Welfare

The Andhra Pradesh government has proposed a massive Rs 2.94 lakh crore budget focused heavily on welfare initiatives and infrastructure development. Prioritizing social welfare and inclusive growth, the budget emphasizes support for sectors like education, healthcare, and social development to enhance residents' quality of life. Key allocations include substantial funds for improving public infrastructure, roads, and connectivity, which are set to boost local economic activities and employment opportunities. With a large share dedicated to welfare schemes, the budget also focuses on educatio..

Next Story
Infrastructure Transport

Delhi Metro Introduces Bike Taxi Services

Delhi Metro has launched two new bike taxi services aimed at enhancing last-mile connectivity for its users. This initiative focuses on providing a convenient and affordable option for commuters to cover the distance between metro stations and their final destinations. Available at select metro stations, these bike taxis are intended to reduce travel time and alleviate congestion, particularly in densely populated or high-traffic areas. The service offers riders a quick, accessible option for reaching their destinations, ensuring they can seamlessly integrate metro travel with efficient ground..

Next Story
Infrastructure Energy

Inox to Build Bahamas LNG Terminal

Inox has secured a significant contract to construct the Bahamas’ first mini liquefied natural gas (LNG) terminal, aimed at providing sustainable energy for cruise ships docked in the region. This terminal marks a pioneering move for the Bahamas, addressing the rising need for eco-friendly power solutions within the cruise industry. By opting for LNG as a cleaner fuel source, the project is expected to reduce emissions and align with environmental goals, particularly for cruise liners that demand substantial power at ports. The terminal represents Inox’s expansion in global LNG infrastruct..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000