Maersk sets the pace as schedule reliability rebounds

Maersk sets the pace as schedule reliability rebounds

The global schedule reliability for February 2023 showed a sharp increase of 7.7 percentage points month-on-month, reaching 60.2 per cent.

According to the latest Global Liner Performance (GLP) report, published by Sea-Intelligence, on a year-on-year level, the increase was even more significant, with a staggering 26 percentage points.

The GLP report measures schedule reliability across 34 different trade lanes and 60+ carriers, and the February 2023 report indicates that the average delay for LATE vessel arrivals also decreased.

The average delay dropped by 0.07 days month-on-month in February 2023 to 5.29 days, and it was down by 2.30 days year-on-year.

This puts the average delay for LATE vessel arrivals closer to the 2019 level than the highs recorded in 2021 and 2022, noted Alan Murphy, CEO, Sea-Intelligence.

© Sea-Intelligence

In February 2023, Maersk was the most reliable carrier among the top 14, with a reliability score of 64.9 per cent, followed closely by MSC with 64.4 per cent. Hamburg Süd was the only other carrier that recorded a reliability score of over 60 per cent.

Sea-Intelligence noted that the remaining carriers all had schedule reliability scores between 50 per cent and 60 per cent, with ZIM recording the least reliable score of 52 per cent.

READ: ZIM profits $4.6 billion for the year

However, all top 14 carriers recorded an increase in schedule reliability in February 2023 – with PIL, ZIM, and Wan Hai all recording double-digit improvements.

© Sea-Intelligence

READ: Container lines’ schedule reliability drops at the beginning of 2023

The shift signals good news for the industry as a whole, and it represents a significant improvement in comparison to the lows recorded during the peak of the COVID-19 pandemic in 2020.

The ongoing conflict between Russia and Ukraine also had a significant impact on the global supply chain – especially in the warzone where the safety of transportation is the top concern.

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