Cai Mep port is ranked 11th among the most efficient container ports in the world
In the Container Port Performance Index 2021 report (CPPI 2021) developed and published by World Bank and S&P Global Market Intelligence, Cai Mep port was ranked 11th among the most efficient 370 container terminals/ port clusters globally.
*The CPPI report is developed annually to evaluate the worldwide seaport efficiency based on criteria related to the total time needed for completing each voyage's loading and unloading container at that port for the entire year. The data is provided by the world's 11 most extensive shipping lines for 370 global terminals/port clusters.
In addition, enormous vessels (more fuel-efficient) and information technology applications are included in the assessment.
Vietnam has several ports ranked in this report, in which Cai Mep port ranked 11th by the "statistical approach" index (according to the average statistical calculation of all five vessel size groups) - increased 38 rankings compared to 2020 and ranked 13th by the "administrative approach" index (according to a technical calculation, gives a higher portion to the popular vessel sizes in that port) – increased five rankings compared to 2020.
Additionally, according to technical calculation, Vietnam's Vung Tau port also ranks relatively high - 37/370 position.
Figure 1 – Cai Mep port was ranked 11th among the most efficient container ports in the world by CPPI 2021 Report
Especially, Cai Mep port is ranked higher than the four major transshipment ports in the region, namely PTP Malaysia port (16th), Singapore port (31st), Hong Kong port (38th) and Hong Kong port (38th), Yokohama – Japan (12th). Hence, the outstanding development of terminals in East Asia and Southeast Asia increased export volume during the Covid-19 epidemic.
According to Mr. Martin Humphreys - a leading shipping economist and global leader in transport connectivity and regional integration at the World Bank, the development of efficient and high-quality infrastructure in container terminals are essential factors contributing to the success of export growth strategies in both developing and developed countries.
Furthermore, port efficiency will ensure business continuity and improve the resilience of maritime gateways – critical nodes in the global logistics system.
Additionally, the success of Cai Mep port is welcoming super-enormous container vessels with many occasions of mother vessels safely docking. According to the Maritime Administration of Vung Tau, the number of container vessels with a total tonnage of over 80,000 DWT to 214,000 DWT arriving at Cai Mep port has increased in the past 3 years. Currently, there are 34 international shipping routes to the seaports in Ba Ria -Vung Tau province (11 Intra-Asia routes; 3 routes to Europe; 20 routes to America).
In Cai Mep – Thi Vai area, Tan Cang - Cai Mep International Terminal (TCIT) under Saigon Newport System currently holds 40% of the market share, with 10 international service routes weekly connecting with North America, Canada, Europe and Inter Asia.
In 2021, despite being heavily affected by the Covid-19 pandemic as well as the fluctuations of the world maritime industry, TCIT still achieved many positive results: the throughput volume reached nearly 2.1 million TEUs (excluding barge volume), marking the second consecutive year that throughput volume exceeded 2 million TEUs, successfully welcomed almost 350 international mother vessels, more than 1,000 Cambodia and domestic feeders, continuously setting records for handling volume per mother vessels (15,615 TEUs) and handling productivity record (238.08 containers/hour/vessel).
Figure 2 – Tan Cang - Cai Mep International Terminal (TCIT) welcomed the mother vessel MONACO BRIDGE
Being well aware of the critical role in the import-export transportation of Vietnam, TCIT continuously "constantly innovates, promotes investment cooperation, enhances competitiveness, operates business efficiently". That improves service quality and increases productivity, earning trust from domestic and international customers and shipping lines, meets the increasing demands of the global supply chain and gradually raises the position of Vietnam's ports on the world maritime map.
(*Source: The Container Port Performance Index 2021, TCIT)