In May 2023, global schedule reliability witnessed remarkable enhancements, with the resurgence of the Danish powerhouse Maersk as the most dependable carrier.
Sea-Intelligence has released the updates on its new Global Liner Performance (GLP) report, which includes schedule dependability numbers through May 2023.
The Sea-Intelligence press release contains the global highlights from the GLP report as the research is extensive, reviewing schedule dependability across 34 distinct trade routes and 60+ carriers.
READ: Schedule reliability bull run loses momentum
Month-over-month (MoM) global schedule reliability has increased, with the most recent improvement of 2.7 percentage points in May 2023.
According to the report, schedule dependability has risen to 66.8 per cent and by 30.3 percentage points since 2022.
The average delay for LATE vessel arrivals, on the other hand, increased marginally, by 0.04 days MoM to 4.39 days.
Despite the gain, the May 2023 number was still -1.86 days lower year-over-year (YoY), although better than any of the pandemic years.
According to Sea-Intelligence, Maersk was the most reliable top-14 carrier with schedule reliability of 73.5 per cent, followed by Wan Hai with 70.9 per cent, and MSC with 70.4 per cent.
There were seven carriers with schedule reliability of 60 per cent -70 per cent, with the remaining carriers recording schedule reliability of 50 per cent – 60 per cent, reported Sea-Intelligence.
Alan Murphy, CEO, Sea-Intelligence, stated: “Unlike previous months, the difference between the most and least reliable carrier increased substantially in May 2023.
“HMM was the least reliable carrier in May 2023 with schedule reliability of 52.6 per cent. 13 of the top-14 carriers recorded a M/M improvement in schedule reliability in April 2023, with HMM recording the only decline of -2.5 percentage points.
“On a Y/Y level, all 14 carriers recorded double-digit improvements in schedule reliability.”
In May of this year, Sea-Intelligence’s 141 GLP report showed that the rate of schedule reliability improvement gradually decreased over time.
