Operational and Financial Performance Analysis of Chittagong Port Authority in Comparison with the Maritime and Port Authority of Singapore

Abstract

Though the maritime facility plays very important role in business and trade from ancient time but in the last decade, due to enormous upshot of globalization the world economy has experienced a rapid growth in shipping industry and international trade. Bangladesh being a global front-runner in the RMG export uses its largest sea port Chittagong Port Authority (CPA) to connect to the whole world. Apart from RMG, Bangladesh’s main export items include leather goods, jute, tea and frozen foods. On the other hand, Bangladesh imports electronic and automotive goods, consumer goods, chemical etc. from many other countries but mostly from China, Japan and India. Maximum 80% of the total import and export of the country is handled through CPA which contributes to 33% of the Bangladesh Government’s total revenue. The need for financial and operational performance analysis arises here for better performance and efficiency thus increasing the total country’s revenue and growth. This study is mainly focused on financial performance analysis of CPA in comparison with MPA (The Maritime and Port Authority of Singapore) as well as basic operational KPIs are addressed. The impact of global trade and economy on sea port performance as well as a better understanding of port financials and relation between port operations and financials are demonstrated in this study.

Keywords: Financial Performance, Ratio Analysis, Operational Performance, Port Efficiency.