Global schedule reliability decreased by 1.2 percentage points month-on-month (MoM) to 51.4 per cent in September.
Sea-Intelligence has issued the 158th edition of the Global Liner Performance (GLP) report, which covers schedule reliability through September 2024.
This comprehensive investigation looks into reliability in 34 trade channels and over 60 carriers. The following is an overview of the report’s main global findings.
Schedule reliability in 2024 has remained between 50 per cent and 55 per cent, with a little decreasing trend from the May peak.
The minimal fluctuation in schedule reliability in 2024 provides shippers with a fair notion of what to anticipate MoM.
The average delay for LATE vessel arrivals rose by 0.21 days each month to 5.67 days. This is the third-highest figure for the month, only eclipsed by pandemic highs in 2021-2022.
Maersk was the most reliable top 13 carrier in September 2024, with a schedule reliability of 55.5 per cent, according to Sea-Intelligence’s data.
CMA CGM came in second with a schedule reliability of 50.9 per cent, one of just two carriers to exceed 50 per cent.
The remaining 11 carriers were all within the 40 per cent – 50 per cent range. Wan Hai has the lowest schedule reliability (40.4 per cent).
Only four of the top 13 carriers improved schedule reliability on a MoM basis in September 2024, with PIL increasing by 4.5 percentage points and HMM decreasing by 7.8 percentage points.
On a year-on-year (YoY) level, none of the top 13 carriers saw an improvement in schedule reliability, with MSC and Wan Hai recording the largest decline of 21.5 percentage points each.
In October, Sea-Intelligence revealed that vessel bunching increased considerably at ports and terminals following the pandemic, partially due to the Red Sea crisis.