Visakhapatnam Port Ranks in Top 20 of World Bank CPPI

• Visakhapatnam Port achieves the 19th position in the Container Port Performance Index 2023, surpassing Mundra Port. Operated by J M Baxi Ports & Logistics, it runs a high-capacity terminal contributing to its efficiency.
• The Container Port Performance Index 2023, curated by the World Bank and S&P Global Market Intelligence, evaluates port efficiency globally, emphasizing vessel time in port.
• Visakhapatnam Port, managed by J M Baxi Ports & Logistics, secures the 19th spot, boasting superior efficiency compared to Mundra Port.
• The milestone earns accolades from stakeholders and government bodies, highlighting the port’s significance in India’s maritime sector and its adherence to Maritime India Vision 2030 guidelines.

Also Read: Test Your Knowledge with Our Daily Current Affairs Quiz - May 14th, 2024

                         >> Download Current Affairs PDFs Here

                              Download Sakshi Education Mobile APP

Published date : 13 Jun 2024 04:34PM