Schedule reliability continues to increase in March 2023
Sea-Intelligence has published issue 140 of the Global Liner Performance (GLP) report, with schedule reliability figures up to and including March 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.
Global schedule reliability recorded another M/M increase in March 2023, this time of 2.4 percentage points, reaching 62.6%, and bringing it almost in line with the 2020 figure for the same month. On a Y/Y level, schedule reliability was a staggering 26.8 percentage points higher. The average delay for LATE vessel arrivals also continued to decrease, dropping by -0.26 days M/M in March 2023 to 5.03 days. It is now only marginally higher than at the same point in 2020, and a significant -2.41 days lower Y/Y.
Maersk was the most reliable top-14 carrier with schedule reliability of 68.6%, followed by MSC with 67.7%. 5 more carriers had schedule reliability of over 60%. The remaining carriers all had schedule reliability of 50%-60% and were quite close to each other. Yang Ming was the least reliable carrier with schedule reliability of 53.4%. 13 of the top-14 carriers recorded a M/M improvement in schedule reliability in March 2023, with ZIM recording the largest improvement of 7.1 percentage points. HMM was the only carrier with a M/M decline in schedule reliability, of -0.1 percentage points. On a Y/Y level, all 14 carriers recorded double-digit improvements.
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All quotes can be attributed to: Alan Murphy, CEO, Sea-Intelligence.
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