The Red Sea crisis drives schedule reliability to drop to the lowest level since September 2022. The research and advisory provider Sea-Intelligence has released the 150 issue of the Global Liner Performance (GLP) report, with schedule reliability figures up to and including January 2024.
Amidst the Red Sea crisis, global schedule reliability continued to decrease, with a month-on-month drop of -5.1 percentage points in January 2024, mirroring the same decrease observed in December 2023, to reach 51.6%.
As Sea-Intelligence explains in its report, this drop means that the January 2024 score was the lowest since September 2022.
Additionally, on a year-on-year level, schedule reliability in January 2024 was -0.8 percentage points lower than in January 2023.
Due to the round-of-Africa sailings, the average delay for late vessel arrivals deteriorated further, increasing by 0.59 days month-on-month to reach 6.01 days.
CMA CGM was emerged as the most reliable top-13 carrier in January 2024 with schedule reliability of 54.7%, followed by four more carriers that were above the 50% mark, as it is revealed in the report.
Furthermore, the remaining carriers all had schedule reliability of 40%-50%.
In January 2024, the difference in schedule reliability between the most and least reliable carrier was the lowest since February 2023.
Alan Murphy, CEO of Sea-Intelligence, said: “Because of the current Red Sea crisis, and due to significant delays on the round-of-Africa sailings, none of the top-13 carriers were able to record a M/M improvement in schedule reliability, with only 7 carriers recording a Y/Y improvement in January 2024.”
Source: Sea-Intelligence
