Evergreen ends 2023 as most reliable carrier

Evergreen ends 2023 as most reliable carrier

According to Sea-Intelligence, global schedule reliability has decreased by 5.0 percentage points month-over-month (MoM) in December 2023 to 56.8 per cent as a result of escalating tension in the Red Sea.

The maritime data company has released issue 149 of the Global Liner Performance (GLP) report, which includes schedule reliability numbers up to December 2023.

The report provides the global highlights of the GLP research, which looks at schedule reliability across 34 trade routes and more than 60 carriers.

© Sea-Intelligence

READ: Red Sea crisis triggers 40 per cent drop in Suez Canal revenues

Amidst the Red Sea crisis, global schedule reliability fell by 5.0 percentage points MoM in December 2023, the greatest MoM loss since February 2021, to 56.8 per cent.

With this, December 2023 schedule reliability was the second-lowest of 2023. On a year-over-year (YoY) level, schedule reliability in December 2023 was only 0.4 percentage points higher than in December 2022.

Due to the round-of-Africa sailings, the average delay for LATE vessel arrivals deteriorated, increasing by 0.30 days M/M to 5.35 days.

© Sea-Intelligence

READ: FMC calls public hearing on Red Sea shipping conditions

Evergreen was the most reliable of the top 13 carriers in December 2023, with a schedule reliability of 63.6 per cent, followed by CMA CGM, the only two carriers to exceed 60 per cent.

Six carriers had schedule dependability of 50-60 per cent, while the remaining five carriers all had schedule reliability of 40-50 per cent, with Yang Ming having the lowest schedule reliability in December 2023 at 45.6 per cent.

Due to the increasing transit durations across Africa, none of the top 13 carriers improved schedule reliability on a MoM basis, while only four carriers improved YoY.

This month, the Red Sea crisis plunged service networks into uncertainty, resulting in the second-largest capacity drop since the Suez Canal blockage.

Daily Email Newsletter

Sign up to our daily email newsletter to receive the latest news from Port Technology International.

Supplier Directory

Find out how to get listed

Webinar Series

Find out how to attend

Latest Stories

Cookie Policy. This website uses cookies to ensure you get the best experience on our website.