Sea-Intelligence said in a new report that at least 11.6% of shipping capacity was lost in February amid continued bottlenecks in the maritime industry.
In its latest report, the maritime analyst said the figure was however better than the performance in January 2022 which saw a record high in terms of missing vessel capacity, as 13.7% of the fleet was not available.
"In February this seems to have improved, dropping down to 11.6%. However, because the average delays have become very long in certain cases, a few of them will only be captured in next month's GLP report, necessitating retroactive updates to the February data," Alan Murphy, CEO, Sea-Intelligence said.
"This means that schedule reliability for February will likely be worse than what is being reported now, as all retroactive updates are for delayed vessels."
Murphy noted that using the monthly adjustments of the past year, the February 2022 capacity absorption will likely be 11.7%-11.8%.
Meanwhile, the terminal congestion index saw a gradual improvement over the past two months in North America but the index is still at an elevated level.
The same trend is also seen for intermodal congestion, Sea-Intel added.
"In Europe, there has been no improvement in the past 3 months in the terminal congestion, and there is no sign of imminent improvement," the report said.
"That said, on the intermodal side, we do not see as high a level of congestion as in North America, suggesting that the problems in Europe are more heavily focused specifically on terminals."