The latest Global Container Port Performance Index (CPPI) report jointly compiled by the World Bank and S&P Global Market Intelligence was released recently, showing that ports in East Asia and Southeast Asia have performed outstandingly globally. In this list, Yangshan Port in China has once again topped the list, highlighting its outstanding position in the globalMaritime Transportationfield.
In this issue of CPPI, Yangshan Port in China, with its efficient operation capabilities and advanced infrastructure, has successfully topped the list of global container port performance for consecutive years. Yangshan Port not only performs outstandingly in handling efficiency and service quality, but also demonstrates high resilience and adaptability in the face of the epidemic and its subsequent impacts.
The excellent performance of Yangshan Port benefits from its continuous technological innovation and infrastructure investment. As one of the worlds largest automated container terminals, Yangshan Port uses the most advanced automated equipment and management systems, greatly improving the ports operational efficiency. The port management said that they will continue to invest in new technologies and green infrastructure to maintain their leading position among global ports.
The report shows that in 2023, ports in East Asia and Southeast Asia occupied 13 seats among the top 20 in the world, highlighting the strong performance of ports in this region. In addition to Yangshan Port, Tanjung Pelepas Port in Malaysia also ranked among the top five, showing its excellent ability in handling container transportation.
Salalah Port in Oman and Cartagena Port in Colombia also maintained their second and third positions respectively, demonstrating the importance and competitiveness of ports in the Middle East and South America in global trade. In addition, Tangier - Med Port in Morocco ranked firmly fourth, demonstrating the potential and development prospects of African ports.
The report points out that more than 80% of global commodity trade is carried out through maritime transportation. Therefore, the resilience, efficiency, and overall performance of ports have a significant impact on the global market and economic development. Efficient port operations can not only reduce logistics costs, but also improve the stability and reliability of the global supply chain.
Humphreys, the chief transport economist of the World Bank, said: Although the challenges brought by the epidemic and its subsequent impacts in 2023 have been further alleviated, the container transportation industry still faces an unpredictable and volatile situation. Major ports need to invest in resilience, new technologies, and green infrastructure to ensure the stability of the global market and the sustainable development of the shipping industry.,
In the face of the uncertainties and challenges of global trade, ports need to continuously invest and innovate. Automation technology, digital management systems, and green infrastructure have become important directions for the development of modern ports. These innovations not only improve the operational efficiency of ports, but also reduce the impact on the environment and promote sustainable development.
The successful experience of Yangshan Port shows that through continuous technological investment and management innovation, ports can maintain a leading position in global competition. Other ports are also actively taking similar measures to enhance their role in the global supply chain.
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