Port Performance Varies Amid Continuing Shocks
Between 2020 and 2024 port performance across the world declined due to the Red Sea crisis, challenges at the Panama Canal, and pandemic-related shocks, according to a new report, Container Port Performance Index.
However, looking specifically at 2024, the report shows that East Asian ports demonstrated improved performance and led the rankings.
South Asian ports also saw remarkable recovery over the past year, while ports in North America and Europe showcased resilience by maintaining scores close to 2023.
The annual report is jointly produced by the World Bank Group and S&P Global Market Intelligence and sheds light on emerging trends in port efficiency between 2020 and 2024.
The world’s largest ports in high-income countries were not the only ones to see improvements. Several developing country ports saw noteworthy improvements to their scores and rankings, between 2020-2024, including Dakar (Senegal), Jawarharlal Nehru (India), Mersin (Türkiye), Port Said (Egypt), and Posorja (Ecuador).
The report attributes these improvements to strong political commitment, partnerships with global terminal operators, streamlined trade procedures, and, in some cases, targeted investments from financial institutions.
“Even amid the multiple shocks, developing country ports are finding ways to adapt, improve, and maximize value,” notes Nicolas Peltier-Thiberge, global director for Transport at the World Bank, in a statement. “It’s a reminder that with better planning, technology, and cooperation across the logistics chain, ports can make significant strides in their efficiency."
The report notes that introducing 24/7 crane operations, optimal crane deployment, and digital platforms that connect with customs and logistics partners can deliver measurable gains in competitiveness and resilience.
"As we navigate an increasingly complex global shipping environment, understanding and improving port performance is essential for economic growth and competitiveness,” said Turloch Mooney, global head of Port Intelligence & Analytics at S&P Global Market Intelligence, in a statement.