Global schedule reliability has witnessed another monthly increase in March, reaching 62.6 per cent.
According to the latest Global Liner Performance (GLP) report by Sea-Intelligence, this surge brings the figures nearly in line with the same month in 2020.
Comparing the year-on-year data, the schedule reliability showed a remarkable improvement of 26.8 percentage points.
Additionally, Sea-Intelligence highlighted that the average delay for late vessel arrivals continues to decrease. March experienced a month-on-month decline of 0.26 days, reducing the average delay to 5.03 days.
This figure is only slightly higher than the corresponding period in 2020 and significantly lower by 2.41 days when compared year-on-year.
READ: Maersk sets the pace as schedule reliability rebounds
Data from Sea-Intelligence showed a monthly improvement in schedule reliability for 13 of the top-14 carriers, with ZIM exhibiting the largest increase of 7.1 percentage points.
Among the top carriers, Maersk emerges as the most reliable with an impressive 68.6 per cent, followed closely by MSC with 67.7 per cent.
Five more carriers achieved rates above 60 per cent. The remaining carriers showcased reliability figures between 50 per cent and 60 per cent, demonstrating similar performance levels.
HMM was the only carrier to experience a slight decline of -0.1 percentage points, while Yang Ming stood as the least reliable carrier with a schedule reliability of 53.4 per cent.
Overall on a year-on-year basis, all 14 carriers demonstrated double-digit improvements in their reliability found Sea-Intelligence.
The analysis found that while the shipping industry is often considered a commodity market, there is a significant level of differentiation in the reliability performance of shipping lines. However, this differentiation fluctuates depending on market conditions.
