Global schedule reliability improved by 0.7 percentage points month on month (MoM) to 52.8 per cent in August.
Sea-Intelligence released issue 157 of the Global Liner Performance (GLP) report, which includes schedule reliability numbers up to August 2024.
As the analysis is fairly detailed and examines schedule reliability across 34 distinct trade routes and 60+ carriers. The following is an overview of the report’s main global findings.
READ: Schedule reliability sees setback to January levels
Schedule reliability in 2024 has remained between 50 per cent and 55 per cent. While low, this year’s minimal volatility gives shippers a good indication of what to anticipate MoM.
On a year-over-year (YoY) basis, schedule reliability in August 2024 was -10.2 per cent worse, found Sea-Intelligence.
The average wait for LATE vessel arrivals grew by 0.03 days each month to 5.28 days, only topped by the epidemic highs of 2021-2022. On a YoY basis, the August 2024 number was 0.62 days greater.
READ: Positive trend continues for global schedule reliability
According to Sea-Intelligence’s rankings, Maersk was the most reliable top 13 carrier in August 2024, with a schedule reliability of 54.7 per cent, followed by its soon-to-be alliance partner Hapag-Lloyd at 54.3 per cent.
Another eight carriers exceeded the 50 per cent level, with PIL being the least reliable at 37.2 per cent.
In August 2024, the schedule reliability disparity between the most and least dependable carriers grew to 17.5 percentage points, the highest amount in 2024.
Finally, Sea-Intelligence reported that nine carriers improved their schedule reliability on a MoM basis last month, with HMM registering the biggest gain of 7.4 percentage points. Only HMM and Yang Ming improved by 4.4 and 3.6 percentage points, respectively, year on year. There were six carriers that had double-digit YoY reductions.
