Container line schedule reliability dropped back to January levels

Source: Sea‑Intelligence

Denmark-based research and analysis specialist Sea‑Intelligence reported that Global Schedule Reliability dropped back to January 2024 levels.

Analyst Sea‑Intelligence Global Liner Performance (GLP) report (issue 153) shows that container shipping schedule reliability dropped 2.5 percentage points month-on-month in April 2024.

It is now only 0.6 percentage points higher than the lowest YTD point of January 2024, according to the latest update from Sea‑Intelligence.

On a Y/Y level, schedule reliability in April 2024 was -12.1 percentage points lower. However, the average delay for LATE vessel arrivals improved by -0.31 days M/M to 4.74 days. This figure is now closer to the pre-pandemic lows than the pandemic highs. On a Y/Y level, the April 2024 figure was 0.40 days higher.

The most reliable top 13 carrier in April 2024 was Wan Hai with 59% schedule reliability, followed by Evergreen at 53.2% and Hapag-Lloyd. There were another 4 carriers above the 50% mark.

Wan Hai has climbed in the first place in April as the most reliable top-13 carrier in the Sea-Intelligence Global Liner Performance report, in comparison with the other carriers Evergreen, Hapag-Lloyd, CMA CGM, Yang Ming, Maersk, Cosco, OOCL, MSC, ONE, PIL, HMM, and ZIM.

In the report, which is now available, it is mentioned that on a Y/Y level, none of the 13 carriers recorded an increase in schedule reliability, whilst there were 6 more carriers with double-digit declines.

The full report can be found here.