Schedule reliability declined by 2.5 percentage points in April, reversing the previous trend of improvement.
This brings the figure to just 0.6 percentage points above the year’s lowest level recorded in January, reported Sea-Intelligence.
The firm just released its 153rd edition of the Global Liner Performance (GLP) report, detailing schedule reliability through April 2024. This comprehensive report examines reliability across 34 trade lanes and over 60 carriers. The following summarises the key global findings from the report.
On a year-on-year basis, schedule reliability dropped by 12.1 percentage points. However, the average delay for late vessel arrivals improved slightly, decreasing by 0.31 days month-on-month to 4.74 days.
Sea-Intelligence explained that this improvement brings the delay figures closer to pre-pandemic levels.
Among the top 13 carriers, Wan Hai emerged as the most reliable in April 2024, achieving a schedule reliability rate of 59 per cent. Evergreen followed with 53.2 per cent reliability, while four other carriers surpassed the 50 per cent mark.
ZIM was the least reliable carrier, with a schedule reliability of 44.2 per cent.
Only CMA CGM and Evergreen managed to improve their schedule reliability month-on-month, both recording a 1.3 percentage point increase. ZIM experienced the most significant monthly decline, dropping by 11.9 percentage points.
On a year-on-year basis, none of the 13 carriers showed an improvement in schedule reliability, with PIL experiencing the largest decline of 21.8 percentage points. Additionally, six other carriers recorded double-digit declines over the same period.
According to Sea-Intelligence’s recent analysis, Brexit has led to a 24 per cent reduction in total reportable sailing distance in the North Atlantic.