The reliability of shipping companies is still lower than the peak reached in May 2023.
The schedule reliability remained unchanged m/m in July 2023 at 64.2%, maintaining the slightly lower level than the peak reached in May 2023.
MSC continues to lead over Maersk on schedule reliability. 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%, in accordance with Sea-Intelligence’s Global Liner Performance (GLP) report.
In the report, which is now available, it is mentioned that 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%, whilst 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 all 14 carriers (MSC, Maersk, Hamburg Süd, Wan Hai, CMA CGM, Hapag-Lloyd, ZIM, PIL, Evergreen, ONE, Cosco, OOCL, HMM, Yang Ming), recorded double-digit improvements, with Wan Hai recording the largest improvement of 36.6 percentage points.
In the GLP report, with schedule reliability figures up to and including July 2023, it is highlighted the fact that on a y/y level schedule reliability in July 2023 is still 23.8 percentage points higher.
The average delay for “LATE vessel arrivals” on the other hand, in accordance with the analysis, 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, the GLP report adds.
Denmark-based Sea‑Intelligence is a provider of research & analysis, data services, and advisory services within the global supply chain industry, with a strong focus on container shipping.
