Schedule reliability stable at 64.2%
Sea-Intelligence has published issue 144 of the Global Liner Performance (GLP) report, with schedule reliability figures up to and including July 2023. As the report itself is quite comprehensive and covers schedule reliability across 34 different trade lanes and 60+ carriers, this press release will only cover the global highlights from the full report.
Schedule reliability remained unchanged M/M in July 2023 at 64.2%, maintaining the slightly lower level than the peak reached in May 2023. On a Y/Y level however, schedule reliability in July 2023 is still 23.8 percentage points higher. The average delay for LATE vessel arrivals on the other hand deteriorated by 0.21 days M/M to 4.59 days. This is the first substantial increase of the year, and after two months of stability at 4.37 days. Despite the M/M increase, average delay is still -1.85 days better off Y/Y.
With 71.5% schedule reliability in July 2023, MSC was the most reliable top-14 carrier, followed closely by Maersk and Hamburg Süd with 69.8%. MSC was the only carrier with schedule reliability over 70%, whereas there were 6 carriers (including Maersk and Hamburg Süd) with schedule reliability of 60%-70%. All 7 remaining carriers had schedule reliability of 50%-60%, with Yang Ming the least reliable carrier with 51.3%. 9 of the top-14 carriers recorded a M/M increase in July 2023, with Wan Hai recording the largest increase of 9.7 percentage points. On a Y/Y level however, all 14 carriers recorded double-digit improvements, with Wan Hai recording the largest improvement of 36.6 percentage points.
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All quotes can be attributed to: Alan Murphy, CEO, Sea-Intelligence.
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