Containership reliability declined in December, 2014 for the second month running, with on-time performance down to 58% for the month, according to Drewry Consultancy.
The latest data shows that the aggregate on-time performance for the Transpacific, Asia-Europe, and Transatlantic trades was 4% lower in December than in November, and 6% lower than October.
According to World Maritime News, December’s on-time performance was lower due to weaker reliability across all trades, with on-time performance seeing the worst result since August, 2014 where it was recorded at 55%.
The biggest improvement in Q4, 2014 came from shipping line MOL which recorded 60% on time performance, while MSC hit 61%.
During the October-December period, Maersk Line was the most reliable carrier, recording a three-month average on-time performance of 80%.
In second place was Hamburg-Sud with 75%, followed by COSCO on 70%.
In other news, Maersk’s 2M vessel-sharing agreement with MSC has just begun operations, despite receiving warnings by China to decrease its market share to 30% along Chinese trade routes.
Shipping Performance Continues to Dip. (Source: Inhabitat)