Schedule reliability continues to be low in June 2021
Sea-Intelligence has published issue 119 of the Global Liner Performance (GLP) report, with schedule reliability figures up to and including June 2021. As the report itself is quite comprehensive and covers schedule reliability across 34 different trades lanes and 60+ carriers, this press release will only cover the global highlights from the full report.
Despite continued port congestion, schedule reliability has not gotten any worse. However, it is still at a very low base, hovering around the 40% mark since March 2021. In June 2021, schedule reliability improved marginally by 0.8 percentage points M/M to 39.5%. On a Y/Y level, schedule reliability was down a massive -38.2 percentage points. The average delay for LATE vessel arrivals continued to deteriorate in June 2021, increasing by 0.38 days M/M to 6.41 days. The level of delays in 2021 have been the highest across each month compared to previous years.
Maersk Line was the most reliable top-14 carrier in May 2021, with schedule reliability of 49.7%. Three more carriers had schedule reliability higher than 40%, with only two carriers between 30%-40%, and rest under 30%. Wan Hai had the lowest schedule reliability in June 2021 of 21.2%. Four carriers recorded a M/M improvement in June 2021, although the largest improvement recorded by Maersk Line was of just 3.9 percentage points. The largest M/M decrease was of -4.6 percentage points recorded by Wan Hai. None of the top-14 carriers recorded a Y/Y improvement in schedule reliability, with all carriers recording double-digit declines of over -31.0 percentage points.
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All quotes can be attributed to: Alan Murphy, CEO, Sea-Intelligence.
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