Ocean shipping schedule reliability reversed its improving trend and declined in April due to persistent global supply chain disruptions.
Sea Intelligence said schedule reliability declined by 2.5 percentage points month-on-month in April 2024 — now only 0.6 percentage points higher than the lowest year-to-date (YTD) point of January 2024.
The Danish maritime analysis firm noted that on a year-on-year (Y/Y) level, schedule reliability in April 2024 was down 12.1 percentage points.
However, Sea Intelligence noted that the average delay for late vessel arrivals improved by -0.31 days M/M to 4.74 days.
"This figure is now closer to the pre-pandemic lows than the pandemic highs. On a Y/Y level, the April 2024 figure was 0.40 days higher," the report said.
Wan Hai is most reliable in April
Sea Intelligence said Wan Hai was the most reliable top-13 carrier in April 2024, with schedule reliability of 59.0%.
Evergreen followed with a schedule reliability of 53.2%.
The report added that there were another 4 carriers above the 50% mark.
Meanwhile, for April, it said that ZIM was the least reliable carrier with schedule reliability of 44.2%.
"Only CMA CGM and Evergreen were able to record an M/M improvement in schedule reliability in April 2024, with both of 1.3 percentage points each," commented Alan Murphy, CEO of Sea-Intelligence. "ZIM recorded the largest decline of -11.9 percentage points."
On a Y/Y level, the report said none of the 13 carriers recorded an increase in schedule reliability, with PIL recording the largest decline of -21.8 percentage points. Six more carriers had double-digit declines.
