Global schedule reliability reaches record levels for 2024; still lower than 2023 figures

COPENHAGEN : Sea-Intelligence has released the Global Liner Performance (GLP) report, which includes schedule reliability data up to May 2024.

The report provides detailed insights across 34 trade lanes and over 60 carriers.

In May 2024, global schedule reliability saw a month-over-month increase of 3.8 percentage points, reaching 55.8%. This marks the highest reliability figure for 2024, surpassing the previous peak of 54.6% by 1.2 percentage points. However, compared to May 2023, schedule reliability was down by 11 percentage points.

Despite this improvement, the average delay for vessels arriving late worsened, rising by 0.34 days month-over-month to 5.10 days. This figure now approaches levels seen during the pandemic peak rather than the lower delays seen before the pandemic. Year-over-year, the delay in May 2024 was 0.73 days longer.

CMA CGM was the most reliable top-13 carrier in May 2024 with schedule reliability of 57.1%, according to the report, while there were another seven carriers above the 50% mark, with the remaining five box lines in the 40%-50% range.

PIL was the least reliable carrier with schedule reliability of 44.5%. Ten of these carriers were able to record a month-to-month improvement in schedule reliability in May 2024, with Maersk and CMA CGM recording the highest improvement of 6 percentage points.

Wan Hai recorded the largest decline of 4.5 percentage points.

On a year-to-year level, none of the 13 carriers recorded an increase in schedule reliability, with eight carriers recording double-digit year-to-year declines, according to the analysis.