Cai Mep Port reached Top 11 most efficient container ports in the world

The World Bank and S&P Global Market Intelligence have just released the CPPI (Container Port Performance Index - an index of container port performance for 370 global ports on May 25, including Hub ports. Port - international transshipment center and national import and export gateway port.

According to statistical results, Vietnam's Cai Mep international port (CMIT) excellently ranks 11th CPPI (according to the average statistical method of all 5 vessel sizes) and 13th (by technical calculation method, for higher weighting for common vessel sizes in that port).

It is quite surprising that Cai Mep Port achieved such a high position in the ranking, surpassing all 3 major hub ports in the region, namely PTP Malaysia (16th), Singapore (31st), Hong Kong (No. 38th). Even the port that normally has the highest handling capacity in the world Yokohama of Japan ranks 12th.

CPPI Ranking 2021

The ranking results are based on criteria related to the time it takes a container ship to finish loading and unloading containers at the port in 2021. The top two container ports are King Abdullah Port of Saudi Arabia and Port of Port. of Salalah of Oman.

The bright spot of the CPPI this time is East Asia and Southeast Asia ports with a sudden increase in import and export volume during the epidemic.

CPPI index is calculated based on factors related to the time of ships entering the channel, docking at the port, loading and unloading productivity, the total number of goods/trip, ships leaving the port to the channel. In addition, two factors that are large ships that can save more fuel and information technology - digitization are also criteria to take into account.

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Regarding the news that Cai Mep port is in the Top 11 most efficient container ports in the world, Deputy Minister of Transport Nguyen Xuan Sang shared: “This is even more meaningful when Covid 19 has severely affected the economic region. Southern key economic sector in the second half of the year after 2021, but Cai Mep is still open for safe operations, maintaining an unbroken global supply chain. That shows the efforts of the whole Cai Mep community including Vung Tau Maritime Administration, Cai Mep ports, pilots, maritime security, customs, border guards, also affirming Cai Mep brand in the market. international."

The Vung Tau Maritime Administration said that the growth rate at Cai Mep port in the past 5 years has reached about 20%/year. In the first four months of this year alone, container cargo through CMIT reached more than 3 million TEUs, an increase of about 8% over the same period in 2021.

The ranking of container ports makes sense when shipping is considered the backbone of global trade and manufacturing supply chains.

Currently, about 60% of the value of global trade goods is transported by containers through seaports. With the world recovering from the consequences of Covid 19, the global container rankings have great significance for importers and exporters, shipping lines, logistics service providers and planning activities. policymaking of countries.