Schedule reliability improvements slowing down
Sea-Intelligence has published issue 141 of the Global Liner Performance (GLP) report, with schedule reliability figures up to and including April 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 has continued to improve M/M, although the strength of the improvements have declined with each proceeding month. In April 2023, schedule reliability improved by 1.7 percentage points M/M to 64.2%, up 29.9 percentage points Y/Y. Average delay for LATE vessel arrivals also continued to decrease, with the April 2023 figure dropping by -0.72 days M/M to 4.34 days. This is -2.22 days lower Y/Y and is now also lower than the respective 2020 figure.
Maersk was the most reliable top-14 carrier with schedule reliability of 70.3%, followed by MSC with 68.0%, and Evergreen with 67.1%. There were 6 more carriers with schedule reliability of over 60%. The remaining carriers all had schedule reliability of 50%-60% and were within 5.0 percentage points of each other. Yang Ming was the least reliable carrier in April 2023 with schedule reliability of 52.1%. Only 7 of the top-14 carriers recorded a M/M improvement in schedule reliability in April 2023, with Evergreen recording the largest improvement of 4.6 percentage points. All top-14 carriers recorded double-digit Y/Y improvements, with Wan Hai recording a 43.5 percentage point improvement.
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All quotes can be attributed to: Alan Murphy, CEO, Sea-Intelligence.
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