Schedule reliability gradually improves in March 2024 amid Red Sea crisis : Sea Intelligence

COPENHAGEN : Global schedule reliability has begun to improve, with the March 2024 statistic up 1.6 percentage points Month-over-Month (MoM) to 54.6 per cent, according to Sea Intelligence

The maritime data company has released issue 152 of the Global Liner Performance (GLP) report, which includes schedule reliability data up to and including March 2024.

The report summarises the overall findings of the GLP research, which looked at schedule reliability on 34 trade routes and more than 60 carriers.

On a year-over-year (YoY) basis, schedule reliability in March 2024 fell -7.9 percentage points. The average delay for LATE vessel arrivals fell by -0.52 days M/M to 5.03 days, somewhat improving on the pre-Red Sea crisis number from November 2023.

In March 2024, Wan Hai was the most reliable of the top 13 carriers, with a schedule reliability of 59.7 per cent. Hapag-Lloyd and ZIM followed with schedule dependability of 56.1 per cent each.

There were an additional eight carriers that exceeded the 50 per cent level. PIL was the least reliable carrier, having a schedule reliability of 49 per cent.

In March 2024, 11 of the top 13 carriers were able to increase their schedule reliability on a MoM basis, with Wan Hai improving by the most at 11.1 percentage points.

CMA CGM saw the greatest fall of -1.8 percentage points. On a YoY basis, none of the 13 carriers had a gain in schedule reliability, with PIL experiencing the biggest decrease of -18.1 percentage points.

In February, Sea-Intelligence reported that global schedule reliability increased by 1.7 percentage points MoM to 53.3 per cent.