Sea-Intelligence: Global schedule reliability continues to improve
According to Sea-Intelligence, schedule reliability globally has been increasing month-on-month, with the most recent improvement of 2.7% points in May 2023. With this increase, schedule reliability has also increased to 67%.
A container ship
Sea-Intelligence - Danish marine data analytics company - analyzed trends in ocean carriers' schedule reliability for May 2023.
The report includes global highlights from the entire study as it is extremely detailed and checks the reliability of schedules across 34 different shipping lines and more than 60 container shipping lines.
Schedule Reliability (Source: Sea-Intelligence.com, GLP Report, No. 142)
According to Danish analysts, schedule reliability globally has been increasing on a monthly basis, with the most recent improvement of 2.7% points in May 2023. With this increase, reliability Schedule reliability has increased to 67%. In addition, schedule reliability has increased by 30 percentage points since 2022.
On the other hand, the average delay for late trains increased slightly, 0.04 days from the previous month to 4.39 days. Despite the increase, the May 2023 figure is still 1.86 days lower than the same period last year and better than the pandemic years.
Carrier scores for May 2023 (Source: Sea-Intelligence.com, GLP Report, no. 142)
Maersk has the highest schedule reliability among the top 14 carriers, at 73.5%, followed by Wan Hai at 71% and MSC at 70.4%. Seven shipping lines have a schedule reliability of 60%-70%, the remaining shipping lines have a reliability of 50%-60%. Unlike previous months, the gap between the most reliable and least reliable shipping lines widened significantly in May 2023.
"With schedule reliability of 52.6% in May 2023, HMM was the least reliable carrier. In April 2023, 13 of the top 14 carriers improved month-on-month in schedule reliability, with HMM registering the only fall of -2.5% points. On a year-over-year basis, all 14 carriers improved schedule reliability by double digits," noted Alan Murphy, CEO of Sea-Intelligence.
See more:
- International shipping and logistics market update - Week 26/2023
- THE Alliance increases capacity on Asia-North Europe route
- Container shipping lines see a sharp decline in revenue and profit in the first quarter of 2023
Source: Phaata.com (According to Sea-Intelligence)
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