Hapag-Lloyd crowned most reliable carrier in February

Hapag-Lloyd becomes most reliable ocean carrier in February

According to Sea-Intelligence, global schedule reliability has increased by 1.7 percentage points month-over-month (MoM) in February 2024 to 53.3 per cent.

The marine data company has published issue 151 of the Global Liner Performance (GLP) report, with schedule reliability figures up to and including February 2024.

The report presents the global highlights of the GLP research, which examines schedule reliability on 34 trade routes and more than 60 carriers.

© Sea-Intelligence

After a chaotic few weeks following the Red Sea crisis, some stability has emerged, with round-Africa routings returning to normal.

On a year-over-year (YoY) basis, schedule reliability was 6.9 per cent worse. According to Sea-Intelligence, the average wait for LATE vessel arrivals has also improved to 5.46 days, which is nearly the same as before the crisis, indicating that the increase caused by the crisis has been reversed.

© Sea-Intelligence

READ: Evergreen ends 2023 as most reliable carrier

In February 2024, Hapag-Lloyd had the highest schedule reliability among the top 13 carriers, with 54.9 per cent. Another seven carriers exceeded 50 per cent, while the other carriers ranged from 40 per cent to 50 per cent.

PIL had the lowest score of 45.3 per cent. On an MoM basis, seven carriers improved schedule reliability, with Hapag-Lloyd improving the most at 9.7 percentage points.

Evergreen saw the highest MoM fall of 5.0 percentage points. On a YoY basis, none of the 13 carriers reported an increase in schedule reliability.

In January, Sea-Intelligence reported that global schedule reliability decreased by 5.1 percentage points MoM to 51.6 per cent as a result of the Red Sea crisis.

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