Box ship schedule reliability continues to improve in June
CONTAINER shipping consultancy Sea-Intelligence says global container schedule reliability improved by 3
CONTAINER shipping consultancy Sea-Intelligence says global container schedule reliability improved by 3.1 percentage points month on month in June to 77.9 per cent, although below the June 2019 figure by 5.6 percentage points.
'This continues the upwards trend in schedule reliability suggesting that the pandemic-induced blank sailings have not had a negative impact as expected,' said Alan Murphy, CEO, Sea-Intelligence.
'Previously, we indicated that increasing schedule reliability might simply be a case of fewer vessels per service string being easier to manage, and that a demand resurgence might see schedule reliability drop. We will find out soon enough, as blank sailing levels, especially on the Transpacific, are considerably low, and carriers are starting to ramp up capacity, with the Transpacific currently scheduled to be up by 7 per cent year on year in Q3. The average delay for late vessel arrivals (vessels that arrived late) however, has been consistently high, despite improvements in schedule reliability.'
In terms of the top-15 deep-sea carriers, APL was the most reliable in June 2020 with schedule reliability of 87.1 per cent, followed by Hamburg Sud with 84.4 per cent. PIL recorded the lowest June 2020 schedule reliability of 69.0 per cent.
Of the 15 carriers, 13 recorded a month-on-month improvement in schedule reliability. ZIM and Hamburg Sud were the only two carriers to record a month-on-month decline, albeit of under 1.0 percentage point. Yang Ming was the only top-15 carrier to record a year-on-year improvement in schedule reliability, with PIL and HMM both recording double-digit declines.