Vessel schedule reliability lowest on record

Transport of containers by ship. Drone aerial view. Cargo ship

Vessel schedule reliability has fallen once again, the lowest ever on record according to analysis firm Sea-Intelligence.

In its latest Global Liner Performance (GLP) report, Sea-Intelligence CEO Alan Murphy said schedule reliability dropped by 1.2 percentage points month-on-month to 32 per cent up to December 2021 – the lowest ever since measurements began in 2011.

Year to year, schedule reliability was 12.5 per cent lower.

The average delay for late vessel arrivals increased to 7.33 days; the fifth consecutive month with the delay figure above 7 days.

Maersk was again the most reliable top-14 carrier in December 2021, with schedule reliability of 46.2 per cent, followed by Hamburg Süd with 41.4 per cent.

Only MSC had schedule reliability between 30 and 40 per cent, with six carriers recording schedule reliability of 20 and 30 per cent.

The remaining five carriers had schedule reliability of under 20 per cent, with Evergreen recording the lowest December 2021 schedule reliability figure of 14.3 per cent.

Nine carriers recorded a month-to-month improvement in schedule reliability, while no carrier recorded a year-to-year improvement in schedule reliability, with all but four carriers recording double-digit yearly declines.

Global port and supply chain congestion has driven the falling rates of on-time vessels and surge in blank sailings from container carriers. Combined with lack of capacity and increased demand for containers, for 2022 Drewry forecasted that carriers are expected to bring in $200 billion in profits for the year.

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