Visakhapatnam Port Ranks enters World Top 20 in CPP index 2023

Visakhapatnam Port Ranks enters World Top 20 in CPP index  2023

Visakhapatnam Port (Visakha Container Terminal Pvt Ltd) has been ranked 19th place in Container Port Performance Index (CPP Index) for 2023, out of 405 global container ports considered in the Index for the year, making it the first Indian port ever to make it among the Top 20 ports in that Index.

Previously in 2022, Pipavav Port from Gujarat- India, secured 30th position in CPPI 2022 out of 348 Ports across the globe included in the index. It is pertinent to note that Vizak Port was Ranking 115 in 2022 CPP Index.

Vishaka Container Terminal Pvt limited, a wholly owned subsidiary of J M Baxi Ports and Logistics, runs 1.35 million 20-Foot-equivalent units (TEU) capacity terminal port in Vishakapatnam.

What is CPPI? 

Global Container Port Performance Index (CPPI) is an index developed and released by  World Bank and S&P Global Market Intelligence, on annual basis. This Index evaluates port efficiency globally with special emphasis on vessel time in port (duration of port stay) and serves as benchmark for assessing container port performance and efficiency worldwide.

For the purpose of Ranking, Index covered ports that had a minimum of 24 valid port calls within the 12- month period of the study.

CPPI considers certain parameters in arriving at ranking system which includes moves per crane per hour, shorter turnaround times, and lesser time spent idle at the berth are some of the most important performance measures.