Box ship sailings' schedule reliability falls to 68pc in Q1
CONTAINERSHIP sailings' schedule reliability in the first quarter fell to 67
CONTAINERSHIP sailings' schedule reliability in the first quarter fell to 67.9 per cent, and only 1.5 percentage points higher than the lowest recorded first-quarter global schedule reliability of 66.4 per cent in 2018.
This ongoing trend of deteriorating of schedule reliability, which started in the third quarter of 2019, means that there has now been a quarter-on-quarter decline in three consecutive quarters, according to Sea-Intelligence.
The global average delay for late vessel arrivals was the highest in any quarter outside of the first quarter of 2015, which was due to the labour dispute affecting US west coast ports.
In the fourth quarter of 2019, Hamburg Sud overtook Wan Hai Lines as the most reliable global shipping line and consolidated their position in the first quarter of this year as well, with the highest schedule reliability of 78.2 per cent. Wan Hai Lines followed second with schedule reliability of 75.7 per cent.
Yang Ming was the least reliable global carrier, with schedule reliability of 59.7 per cent. Yang Ming has now been the lowest ranked global ocean liner in each quarter since the third quarter of 2017.
None of the top 15 carriers recorded a quarter-on-quarter improvement in schedule reliability, with ten out of the 15 carriers recording double-digit decreases. Hamburg Sud and HMM recorded the smallest quarter-on-quarter declines in schedule reliability of -8.9 percentage points, while OOCL recorded the largest drop of -14.1 percentage points.
While none of the carriers recorded a year-on-year improvement in schedule reliability, only two carriers, PIL and Wan Hai Lines, recorded a double-digit decline. Once again, Hamburg Sud recorded the smallest year-on-year decrease of -2.6 percentage points.