Liner shipping service reliability across the three core East-West trades hit a five-month peak in March, 2015, with an aggregate on-time performance of 64%, according to the online schedule reliability tool provided by Drewry Supply Chain Advisors.
The latest result represents an 8.5% gain over February, 2015 and is the second best average (after October 2014) since the start of the new data series in May, 2014.
The improvement seen in March was the consequence of improved services in the Asia-Europe trade and gradually easing congestion on the US West Coast (USWC) following the resolution of the port labour dispute.
The most reliable carrier in March was Maersk Line with an average on-time performance of 81%, followed by K Line (73%), and Cosco and MSC (both 70%).
Simon Heaney, Senior Manager of Supply Chain Research at Drewry, said: “It is good news for shippers that service reliability is on the rise, although it comes from a low base and the industry average still has plenty more scope to improve.
“We expect the upwards trend to continue as USWC operations return to normal, but the sharp drop in Asia-Europe freight rates is a risk as carriers could look to make cost savings detrimental to reliability.”