Sea-Intelligence has published issue 152 of the Global Liner Performance (GLP) report covering schedule reliability across 34 different trade lanes and 60+ carriers, with figures up to and including March 2024.
According to Sea-Intelligence, as the round-Africa routings normalise, and the carriers’ service networks stabilise, schedule reliability has started to improve, with the March 2024 figure improving by 1.6 percentage points M/M to 54.6%. That said, reliability is still not on par with pre-crisis.
On a Y/Y level, schedule reliability in March 2024 was down by -7.9 percentage points. The average delay for LATE vessel arrivals decreased by -0.52 days M/M to 5.03 days, improving marginally over the pre-crisis figure of November 2023.
Furthermore, Sea-Intelligence notes that Wan Hai was the most reliable top-13 carrier in March 2024 with schedule reliability of 59.7%. Hapag-Lloyd and ZIM followed with schedule reliability of 56.1% each. There were another 8 carriers above the 50% mark. PIL was the least reliable carrier with schedule reliability of 49.0%.
Additionally, 11 of the top-13 were able to record a M/M improvement in schedule reliability in March 2024, with the largest improvement of 11.1 percentage points recorded by Wan Hai.
CMA CGM recorded the largest decline of -1.8 percentage points. On a Y/Y level, none of the 13 carriers recorded an increase in schedule reliability, with PIL recording the largest decline of -18.1 percentage points, Sea-Intelligence concludes.
