HOW MOROCCO TANGIER MED PORT RANKED FOURTH BEST IN THE WORLD

The Port of Tangier Med has been ranked fourth in the 2023 World Container Port Performance Index (CPPI), marking its second consecutive year as the leading port in both Africa and Europe.

The CPPI, compiled by the World Bank and S&P Global Market Intelligence, evaluated 405 container ports worldwide, based on data from over 182,000 vessel calls and 238.2 million container movements.

East and Southeast Asian ports dominated the top 20, with Tangier Med being a notable exception. The port’s high ranking underscores its operational efficiency, particularly in reducing ship dwell time. China’s Yangshan Port maintained the top position, followed by Salalah in Oman, Cartagena in Colombia, and Tanjung Pelepas in Malaysia.

Martin Humphreys from the World Bank stressed the need for major ports to invest in resilience, new technologies, and green infrastructure to stabilize global markets and ensure the sustainability of the shipping industry.

Tangier Med’s operational success is evident from its 2023 statistics: the port handled a record 8.6 million containers, a 13.4% increase from the previous year, and saw a 17% rise in vessel transits to 16,900. Financially, the port’s revenue grew by 18.3%, reaching $1 billion in the first quarter of 2024.

The CPPI report also included 57 new ports, highlighting the growing scope of global port performance analysis. Turloch Mooney from S&P Global Market Intelligence emphasized the increasing recognition of the importance of efficient maritime gateways in economic development.

SOURCE: MoroccoWorldNews