On 25th May 2022, World Bank and S&P Global Market Intelligence announced the global CPPI (Container Port Performance Index) for 370 global container ports, including international transshipment hubs and national import-export gateway ports.
Over 60% value of global trade is transported by containers via seaports. In addition, the uncertainty due to COVID pandemic leads to the seaports congestion and the global supply chain disruption in 2021. The container port assessment and rating therefore becomes even more meaningful for not only importers, exporters, shipping lines, logistics service suppliers but also policy makers of governments and infrastructure investors.
The ranking is based on time vessels needed to spend in port to complete workloads over the course of 2021. Among 370 ports, Middle Eastern ports took the leading positions. However, the spotlight of the CPPI are the East Asia and Southeast Asia ports, due to the sudden increase in export volume during the pandemic. The CPPI is calculated on factors related to the time of vessels entering the channel, berthing, productivity of loading and discharging through the port, the total volume of goods per call and vessel departure from the port to the channel. Two other factors are also counted into the index: The ultra large vessel can save more fuel and the information technology & digitization factor.
It is a surprise and honor that Cai Mep port is ranked at 11th CCPI (by the statistical method of averaging all 5 vessel sizes) or 13th (by administrative method, which gives a higher rate to common vessel sizes in that port). More specifically, according to the statistical approach, Cai Mep stands on three major hub ports: PTP Malaysia (16th), Singapore (31st), Hong Kong (38th) and also above the Japanese port of Yokohama (12th) - the prestigious port is usually known with the highest operation capacity in the world.
Receiving the CPPI 2021 report and a news that Cai Mep took 11th place out of 370 import-export gateway container ports and global transshipment hubs, Deputy Minister of Transport Nguyen Xuan Sang shared: “The Government, the Ministry of Transport and Vietnam's maritime industry are extremely honored and proud when Cai Mep deep-water port is ranked at the top among the most efficient ports in the world, and it is even more meaningful while COVID had severely impacted to the key economic areas in the half 2021, Cai Mep still remained opening for safe operations to maintain global supply chain without any interruption. This shows the efforts of the whole Cai Mep port community, consisting of Port Authority, Cai Mep terminals, shipping lines, pilot, maritime safety, customs, border guard, etc and affirms Cai Mep brand in the international market."