Global schedule reliability remained steady month-on-month in October 2023, holding at 64.4 per cent.
Sea-Intelligence released data in its 147th edition of the Global Liner Performance (GLP) report, encompassing schedule reliability data up to and including October 2023.
Since March 2023, the firm noticed that the metric has consistently fluctuated within a 2 percentage point range, except for a notable increase in May. Year-on-year, schedule reliability saw a substantial uptick of 12.6 percentage points.
Despite the month-on-month decrease, the average delay for late vessel arrivals saw a slight increase of 0.33 days, reaching 4.90 days. This trend mirrors the trajectory observed during the corresponding period in 2020, according to Sea-Intelligence.
Maersk rose to the forefront among the top 13 carriers, showcasing an impressive schedule reliability of 71.1 per cent, surpassing MSC, which achieved 68.5 per cent.
Six carriers achieved a schedule reliability within the 60-70 per cent range, while the remaining six fell within the 50-60 per cent bracket. HMM ranked as the least reliable carrier with a schedule reliability of 53.7 per cent.
Six of the top 13 carriers experienced a month-on-month increase in October 2023, with HMM leading the pack with a substantial 7.7 percentage point improvement. Additionally, 11 out of the 13 carriers demonstrated double-digit year-on-year improvements, with Wan Hai showcasing the most significant advancement at 22.8 percentage points.
According to sea-intelligence’s most recent analysis, major shipping lines experienced significant year-over-year revenue declines in the third quarter of 2023, with the most modest contraction recorded at -51.8 per cent.