The largest port in the Mediterranean and Africa, Tanger Med, ranked 4th globally according to the newest global Container Port Performance Index (CPPI).
The index was issued by the World Bank and S&P Global Market Intelligence, ranking 405 global container ports by efficiency, focusing on the duration of port stay for container vessels.
“The fourth edition of CPPI is based on the biggest dataset ever: more than 182,000 vessel calls, 238.2 million moves, and about 381 million twenty-foot equivalents (TEUs) for the full calendar year of 2023,” the World Bank said in a statement.
China’s Yangshan Port earned the top spot for the second consecutive year, while Oman’s Port of Salalah retained the number two position. The port of Cartagena in Colombia ascended to 3rd place.
In 2023, Tanger Med port widened the gap with its Mediterranean competitors breaking a new record with 8.6 million containers handled, up 13.4%.
The number of vessels transiting through the port grew 17% to 16900 last year.
In the first quarter this year, the port said its revenue grew 18.3% to $1 billion, compared to the same period last year.