VESSELS SCHEDULE RELIABILITY DROPS TO AN ALL-TIME LOW
On 27 September, analyst Sea Intelligence released the latest edition of the Global Liner Performance report which analyses the schedule reliability of ocean carriers up to August 2021. Although schedule reliability has hovered between 35%-40% for most of the year, in August 2021 it dropped to 33.6%, a new all-time low during the ten years Sea-Intelligence has tracked global schedule reliability. On a year-on-year basis, reliability was 30.1 percentage points lower than August 2020, continuing the trend of year-on-year declines of over 30 percentage points in each month in 2021 so far. The average delay for late vessel arrivals continued to deteriorate, increasing by 0.58 days each month to 7.57 days in August.
The report shows that Maersk is the least poorly performing when comparing the top 14 carriers' schedule reliability, with only 45.6 percent of its container vessels were able to deliver goods on time. This is very far from the carrier’s objective to return schedule reliability to around 85-90% in 2021. Another three carriers (Hamburg Süd, MSC and Hapag-Lloyd) had schedule reliability between 30%-40%, with only three carriers (CMA CGM, ZIM and HMM) recording schedule reliability of 20%-30%. Six carriers had schedule reliability of under 20%, with Evergreen recording the lowest August 2021 schedule reliability of just 11.5%. All carriers but HMM scored lower in August.
Source: Sea-Intelligence, ShippingWatch