Visakhapatnam Port Authority breaks into Top 20 in World Bank’s CPPI

The Visakhapatnam Port Authority (VPA) has achieved a significant milestone by securing the 18th position in the World Bank’s Container Port Performance Index (CPPI). Secretary of VPA, Sri T. Venu Gopal, announced that this remarkable feat was accomplished through the exemplary efforts of Terminal Operator M/s. Visakha Container Terminal Pvt. Ltd. (VCTPL).

The CPPI is a crucial indicator that measures quayside performance, focusing on the operational efficiency of ports in handling container ships. It is an essential metric for customers when choosing ports, highlighting the importance of port efficiency and ship turnaround time. VCTPL’s outstanding performance includes achieving key performance indicators (KPIs) such as 27.5 moves per crane hour, a turnaround time (TRT) of 21.4 hours, and a berth idle time of just 13 percent. This success underscores the collaborative efforts between the port and terminal operators in serving their customers effectively.

VCTPL serves as a vital gateway for Nepal-bound containers and is connected to over 65 container lines, including main shipping lines and Non-Vessel Operating Common Carriers (NVOCCs). The terminal facilitates eight regular vessel services to East, West, and Middle East destinations.

The VPA’s performance is measured and rewarded according to the Maritime India Vision (MIV) 2030 guidelines. In recognition of VCTPL’s achievement, the port plans to reward the terminal operator. The accomplishment has garnered appreciation from stakeholders, including Railways, Customs, and the State Government, who have pledged continued support to further enhance VPA’s performance indicators.

Chairperson of VPA, Dr. M. Angamuthu, IAS, congratulated the terminal operator and port fraternity via Twitter, acknowledging their efficient services. The VPA also reported an impressive performance in cargo throughput for the fiscal year 2023-24, securing the 4th rank among major Indian ports and achieving a 13.5 percent growth in the first two months of FY 2024-25, climbing to the 3rd position.

The Ministry of Ports, Shipping, and Waterways expressed its appreciation for Dr. Angamuthu’s leadership in achieving these milestones, underscoring VPA’s commitment to operational excellence and its significant role in India’s maritime industry.