Schedule reliability drops to all-time low 33.6% in August 2021
Sea-Intelligence has published issue 121 of the Global Liner Performance (GLP) report, with schedule reliability figures up to and including August 2021. 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.
Although schedule reliability has hovered between 35%-40% for most of the year, in August 2021 it dropped to 33.6%, a new all-time low during the 10 years Sea-Intelligence has tracked global schedule reliability. On a Y/Y level, reliability in August 2021 was -30.1 percentage points lower than August 2020, continuing the trend of Y/Y declines of over -30.0 percentage points in each month in 2021 so far. The average delay for LATE vessel arrivals continued to deteriorate, increasing by 0.58 days M/M to 7.57 days in August.
Maersk Line was once again the most reliable top-14 carrier in August 2021, with schedule reliability of 45.6%, followed by Hamburg Süd with 38.0%. Another three carriers had schedule reliability between 30%-40%, with only three carriers recording schedule reliability of 20%-30%. Six carriers had schedule reliability of under 20%, with Evergreen recording the lowest August 2021 schedule reliability of just 11.5%. Only HMM recorded a M/M improvement in schedule reliability, of 1.6 percentage points, while no carrier recorded a Y/Y improvement, with the smallest Y/Y decline of -24.2 percentage points recorded by Maersk Line.
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All quotes can be attributed to: Alan Murphy, CEO, Sea-Intelligence.
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