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Monday, 06/05/2024, 06:30 (GMT +7)
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Scheduled reliability improved compared to start of Red Sea Crisis
Sea-Intelligence has published its latest Global Vessel Performance (GLP) report, which includes scheduled reliability data through March 2024.The Danish shipping data analytics company's report covers schedule reliability across 34 shipping routes and more than 60 carriers.
Global Scheduled Reliability March 2024 (Source: Sea-Intelligence.com, GLP Report, No. 152)
As routes around Africa return to normal and carriers' service networks stabilize, schedule reliability has improved markedly. In March 2024, this figure increased by 1.6 percentage points compared to the previous month, reaching 54.6%.
However, it has not yet reached pre-crisis levels. Year-over-year, March 2024 scheduled reliability decreased by 7.9 percentage points. The average delay due to late arrivals decreased by 0.52 days month-on-month to 5.03 days, showing a slight improvement compared to the pre-crisis figure recorded in November 2024.
Average delay due to late arrival of ships in March 2024 (Source: Sea-Intelligence.com, GLP Report, No. 152)
During March 2024, Wan Hai emerged as the most reliable carrier among the top 13, with a scheduled reliability of 59.7%. Hapag-Lloyd and ZIM follow closely with the same scheduled reliability figure of 56.1%. In addition, 8 other carriers also achieved a reliability rate above the 50% threshold. On the other hand, PIL ranked as the least reliable carrier with a scheduled reliability of 49%.
"11 of the top-13 were able to record a M/M improvement in schedule reliability in March 2024, with the largest improvement of 11.1 percentage points recorded by Wan Hai. CMA CGM recorded the largest decline of -1.8 percentage points. On a Y/Y level, none of the 13 carriers recorded an increase in schedule reliability, with PIL recording the largest decline of -18.1 percentage points,” explained Alan Murphy, CEO of Sea-Intelligence.
Scheduled reliability of shipping lines in March 2024 (Source: Sea-Intelligence)
Read more:
- Reliability of global container shipping schedules improved
- International shipping and logistics market update - Week 18/2024
- COSCO schedules: Vietnam - North America in May 2024
- SITC updates Vietnam-Intra Asia sailing schedules in May 2024
Source: Phaata.com (According to Sea-Intellegence)
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