Ocean shipping schedule reliability improved in February after a "tumultuous few weeks" in the wake of the Red Sea crisis, according to a new Sea-Intelligence report. The report noted that some form of stability has ensued, with the round-Africa routings now normalising.
The Danish maritime advisory firm said this was also reflected in the February 2024 global schedule reliability score, which improved by 1.7 percentage points month-on-month (M/M) to 53.3%.
On a year-on-year (Y/Y) level, however, schedule reliability was -6.9 percentage points lower.
"The average delay for late vessel arrivals also improved to 5.46 days, roughly the same level as pre-crisis, which means that the increase due to the crisis has reverted," Sea Intelligence said.
Hapag-Lloyd was the most reliable carrier in February
The report said Hapag-Lloyd was the most reliable top-13 carrier in February 2024, with a schedule reliability of 54.9%.
Another seven ocean carriers were above the 50% mark, and the remaining carriers were all in the 40%- 50% range.
Sea Intelligence noted that PIL was at the bottom with a score of 45.3%.
The report said, "On an M/M level, 7 carriers recorded an improvement in schedule reliability, with Hapag-Lloyd recording the highest improvement of 9.7 percentage points."
It added that Evergreen also recorded the largest M/M decline of -5.0 percentage points.
On a Y/Y level, none of the 13 carriers recorded an increase in schedule reliability, Sea Intelligence said.
