Global schedule reliability reaches highest 2024 figure

Global schedule reliability reaches highest figure in 2024

Global schedule reliability increased by 3.8 percentage points month on month (MoM) to 55.8 per cent in May, the highest figure for 2024.

Sea-Intelligence released its 154th edition of the Global Liner Performance (GLP) report, detailing schedule reliability through May 2024.

This thorough analysis investigates reliability in 34 trade channels and more than 60 carriers. The following is a summary of the report’s significant worldwide results.

© Sea-Intelligence

READ: Hapag-Lloyd crowned most reliable carrier in February

On a year-over-year (Y/Y) basis, schedule reliability in May 2024 was down 11.0 percentage points.

Despite improvements in schedule reliability, the average delay for LATE vessel arrivals increased by 0.34 days per month to 5.10 days.

This figure is now inching closer to the pandemic highs than the pre-pandemic lows. On a Y/Y level, the May 2024 figure was 0.73 days higher.

© Sea-Intelligence

READ: Schedule reliability gradually improves amid Red Sea crisis

In May 2024, CMA CGM had the highest schedule reliability among the top 13 carriers, with 57.1 per cent. Another seven carriers exceeded 50 per cent, with the remaining five falling between 40 per cent and 50 per cent.

PIL was the least reliable carrier, having a schedule reliability of 44.5 per cent. In May 2024, 10 of these carriers were able to increase schedule reliability on a MoM basis, with Maersk and CMA CGM improving by the most at 6.0 percentage points.

Wan Hai saw the greatest fall of 4.5 percentage points. On a year-over-year basis, none of the 13 carriers reported a gain in schedule reliability, while eight reported double-digit YoY reductions.

In April, schedule reliability declined by 2.5 percentage points, reversing the previous trend of improvement.

Daily Email Newsletter

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

Supplier Directory

Be listed with industry leaders operating within Ports and Terminals

Webinar Series

Join 500+ attendees on average with a Port Technology International webinar

Latest Stories

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