World Bank/S&P rank Colombo as ‘Most Efficient Port in South Asia’

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The Port of Colombo has been ranked as the most efficient port in South Asia and the Indian Sub-Continent, 3rd in the Indian Ocean rim and 22nd among 370 ports globally, in the second edition of the Global Container Port Performance Index (CPPI) 2021, ranking developed by the World Bank and S&P Global Market Intelligence and Financial Services.

Summarising the report, the authors say, “…how a maritime port performs is a crucial element in the cost of international trade in a country. Unfortunately, ports and terminals, particularly for containers, can often be sources of shipment delays, supply chain disruptions, additional costs and reduced competitiveness”. They go on to state that “despite the centrality of the port to global value chains, one of the major challenges to stimulating improvement has been the lack of a reliable, consistent, and comparable basis on which to compare operational performance across different ports. This technical report, which represents the second edition of the Container Port Performance Index (CPPI), has been produced by the Transport Global Practice of the World Bank in collaboration with the Maritime, Trade and Supply Chain division of S&P Global Market Intelligence”.

The Port of Colombo recorded an all-time high throughput of 7.25 million TEUs in 2021 and continues its growth story, recording a year-on-year growth of 2% for the first 5 months of 2022 ending in May. The present terminals in the Port offer almost 4,500 metres of quay with depths ranging from 12 – 18 metres, are served by 47 Ship-To-Shore Cranes and over 130Ha of yard space. The SLPA, in addition to its role as regulator and landlord also holds 15% equity stake in the two private terminals, CICT and SAGT.