THE annual global schedule reliability for ocean carriers improved by 19.5 percentage points) from 42.6 per cent to 62.1 per cent in 2023.
But despite the sharp improvement, it only reached the level of 2020, and still below the 70-80 per cent of 2012-2019.
'What is concerning however, is that schedule reliability has declined month on month the entire Q4, and we are likely to see a similar impact for January 2024 due to the Red Sea Crisis. This should be temporary though, once the additional transit time is accounted for in the carriers' schedules, we will potentially see an improvement in schedule reliability.
'Lastly, the crisis came too late to have any significant impact on average delay, which improved from 6.38 to 4.83 days in 2023-FY,' said Alan Murphy, CEO, Sea-Intelligence.
In terms of the global carriers, Maersk was the most reliable in 2023-FY with schedule reliability of 67.7 per cent, followed by MSC (65.9 per cent), CMA CGM (62.8 per cent), Evergreen (61.9 per cent), and Wan Hai (61.3 per cent) as the only carriers above 60 per cent.
The remaining carriers had between 50 per cent and 60 per cent schedule reliability in 2023-FY, with Yang Ming at the bottom with 50.7 per cent. All thirteen global carriers recorded a double-digit year-on-year improvement, with Wan Hai recording the largest improvement of 27.4 percentage points.
Of the alliances, 2M was the most reliable at 57.8 per cent, followed by Ocean Alliance (55.3 per cent) and THE Alliance (43.1 per cent).
'While all of them recorded double-digit year-on-year improvements, only 2M scored better than the industry average on the six major East/West trades. Those six trade lanes also recorded year-on-year improvements in schedule reliability in 2023-FY, however only the Asia-Mediterranean trade lane outscored the industry average on a trade lane level,' said Mr Murphy.
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But despite the sharp improvement, it only reached the level of 2020, and still below the 70-80 per cent of 2012-2019.
'What is concerning however, is that schedule reliability has declined month on month the entire Q4, and we are likely to see a similar impact for January 2024 due to the Red Sea Crisis. This should be temporary though, once the additional transit time is accounted for in the carriers' schedules, we will potentially see an improvement in schedule reliability.
'Lastly, the crisis came too late to have any significant impact on average delay, which improved from 6.38 to 4.83 days in 2023-FY,' said Alan Murphy, CEO, Sea-Intelligence.
In terms of the global carriers, Maersk was the most reliable in 2023-FY with schedule reliability of 67.7 per cent, followed by MSC (65.9 per cent), CMA CGM (62.8 per cent), Evergreen (61.9 per cent), and Wan Hai (61.3 per cent) as the only carriers above 60 per cent.
The remaining carriers had between 50 per cent and 60 per cent schedule reliability in 2023-FY, with Yang Ming at the bottom with 50.7 per cent. All thirteen global carriers recorded a double-digit year-on-year improvement, with Wan Hai recording the largest improvement of 27.4 percentage points.
Of the alliances, 2M was the most reliable at 57.8 per cent, followed by Ocean Alliance (55.3 per cent) and THE Alliance (43.1 per cent).
'While all of them recorded double-digit year-on-year improvements, only 2M scored better than the industry average on the six major East/West trades. Those six trade lanes also recorded year-on-year improvements in schedule reliability in 2023-FY, however only the Asia-Mediterranean trade lane outscored the industry average on a trade lane level,' said Mr Murphy.
SeaNews Turkey
