Egypt’s Port Said port ranks 15th in Global Container Port Performance Index

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Wed, 25 May 2022 - 08:21 GMT

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Wed, 25 May 2022 - 08:21 GMT

CAIRO – 25 May 2022: Egypt’s Port Said port has ranked 15th in the New Global Container Port Performance Index (CPPI) Launched by the World Bank and s&p global market intelligence for 2021.

According to the Index, the ranking measures ports performance based on several things including the port calls and vessel sizes.

The two top-ranked container ports in the CPPI 2021 are King Abdullah Port (Saudi Arabia) in first place, followed by the Port of Salalah (Oman) in second place. These two ports occupy the same positions in the rankings generated by both approaches.

King Abdullah Port was ranked second in both approaches in CPPI 2020. The Port of Salalah ranked sixth and ninth in the statistical and administrative approaches, respectively, in CPPI 2020. Of the top 10 ranked ports, all have improved their position since CPPI 2020, with Jeddah and Hamad Port moving up 35 and 34 positions in the ranking, respectively.

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The exceptions are Yokohama, which has fallen from first place in both approaches in 2020, to 10th and 12th in CPPI 2021 in the administrative and statistical approaches, respectively, and Guangzhou, which dropped from sixth to ninth place in the administrative approach.

Damietta Port was ranked 58 globally in the same index using a 12-month information date about the port according to the study.

The study stated that Maritime transport is the backbone of globalized trade and the manufacturing supply chain. The maritime sector offers the most economical, energy efficient, and reliable mode of transportation over long distances. More than four-fifths of global merchandise trade (by volume) is carried by sea.

 A significant and growing portion of that volume, accounting for approximately 35 percent of total volumes and more than 60 percent of commercial value, is carried in containers. The growth of containerization has led to vast changes in the where and the how goods are manufactured and processed, a process that continues to evolve. Container ports, accordingly, are critical nodes in global supply chains and central to the growth strategies of many emerging economies.

In many cases, the development of high-quality container port infrastructure, operated efficiently, has been a prerequisite to successful export-led growth strategies. It can facilitate investment in production and distribution systems, supporting the expansion of manufacturing and logistics, creating employment, and raising income levels.

 

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