Shipping
OCEAN SHIPPING SCHEDULE RELIABILITY STABLE AT 64.2%
August 28, 2023
Ocean shipping schedule reliability remained unchanged month-on-month (M/M) in July 2023 at 64.2%, maintaining a slightly lower level than the peak reached in May 2023, according to a new report by Sea-Intelligence.
The Danish maritime data analysis company noted that on a year-on-year (Y/Y) level, schedule reliability in July 2023 is still 23.8 percentage points higher.
Meanwhile, the average delay for LATE vessel arrivals, on the other hand, deteriorated by 0.21 days M/M to 4.59 days.
"This is the first substantial increase of the year, and after two months of stability at 4.37 days," Sea-Intelligence said.
It added that despite the M/M increase, the average delay is still -1.85 days better off Y/Y.
For July, the Danish maritime data analysis company hailed MSC as the most reliable top-14 carrier with 71.5% schedule reliability.
MSC was followed closely by Maersk and Hamburg Süd with 69.8%.
"MSC was the only carrier with schedule reliability over 70%, whereas there were 6 carriers (including Maersk and Hamburg Süd) with schedule reliability of 60%-70%," Sea-Intelligence added, noting that all 7 remaining carriers had schedule reliability of 50%-60%.
It further said Yang Ming is the least reliable carrier with 51.3% — and 9 of the top-14 carriers recorded an M/M increase in July 2023, with Wan Hai recording the largest increase of 9.7 percentage points.
On a Y/Y level, however, Sea-Intelligence said all 14 carriers recorded double-digit improvements, with Wan Hai recording the largest improvement of 36.6 percentage points.
