The latest Global Liner Performance (GLP) report by Sea-Intelligence, a Danish firm specializing in shipping data analysis, has been released, covering schedule reliability data up to March 2024. This report evaluates schedule reliability across 34 trade lanes and involves over 60 carriers.
Following the normalization of round-Africa routings and stabilization of carriers' service networks, an improvement in schedule reliability was observed in March 2024, with a month-on-month increase of 1.6 percentage points, reaching 54.6%. Despite this improvement, the figure still does not match pre-crisis levels, having decreased by 7.9 percentage points year-on-year. The average delay for late vessel arrivals saw a slight month-on-month decrease of 0.52 days, settling at 5.03 days.
In this period, Wan Hai was identified as the most reliable carrier with a schedule reliability of 59.7%, closely followed by Hapag-Lloyd and ZIM, both at 56.1%. Furthermore, eight carriers surpassed the 50% reliability threshold. However, PIL was noted as the least reliable, with a schedule reliability of 49%.
"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," stated Alan Murphy, CEO of Sea-Intelligence.
Source: container-news.com