COLOMBO (NewsRadio); The Colombo Harbour has been ranked the 24th Best Performing Port in the World.
The United Nations Conference On Trade and Development (UNCTAD) in its new Review of Maritime Transport 2022 has revealed that the Port of Colombo is the highest-performing harbour in South Asia.
The Review of Maritime Transport is a recurrent publication prepared by the UNCTAD secretariat since 1968 with the aim of fostering the transparency of maritime markets and analysing relevant developments.
According to the report by the UNCTAD secretariat, the Colombo Port has remarkably improved its global rank, despite the challenges of socio-political turbulences in the country.
According to the Container Port Performance Index 2022 initiated by the World Bank and S&P Global Port Performance Program quoted in the Review, the Colombo Port, which was ranked 33rd last year, has been ranked 24th this year.
Saudi Arabia’s King Abdullah port, which ranked second last year, has been ranked first this year, while Japan’s Yokohama Port, ranked first last year, has ranked tenth this year.
Meanwhile, the review finds that Asia remained the world’s leading maritime cargo handling centre in 2021, accounting for 42% of exports and 64% of imports.
However, this annual comprehensive review of global maritime transport, warns that the maritime sector will require greater investment in infrastructure and sustainability to weather future supply chain crises.
