- A significant drop in global schedule reliability.
- Average delay for LATE vessel arrivals increases by 0.30 days.
- Limited improvements in schedule reliability, emphasizing the unique hurdles.
December 2023 witnesses a significant -5.0% points month-on-month drop in global schedule reliability. The reliability index settles at 56.8%, marking the second-lowest month in the previous year, reports Container News.
Red Sea Crisis Impact
Amid the Red Sea crisis, the decline in schedule reliability is the most substantial since February 2021.
Year-on-Year Comparison
December 2023 schedule reliability is marginally higher by 0.4% points compared to December 2022.
Average delay for LATE vessel arrivals increases by 0.30 days to 5.35 days, attributed to round-of-Africa sailings.
Top-13 Carrier Performance
Evergreen emerges as the most reliable among the top-13 carriers with a 63.6% schedule reliability. CMA CGM closely follows as the only two carriers surpassing the 60% threshold.
Performance Distribution Among Top Carriers
Six carriers achieve schedule reliability within the 50%-60% range. The remaining five carriers fall between 40%-50%, with Yang Ming identified as the least reliable at 45.6% for December 2023.
Impact on Transit Times and Carrier Improvements
Increased transit times around Africa contribute to the average delay. None of the top-13 carriers records a month-on-month improvement in schedule reliability, with only four carriers showing a year-on-year improvement.
CEO Insight – Alan Murphy’s Statement
Alan Murphy, CEO of Sea-Intelligence, notes the challenges posed by increased transit times and the limited improvements in schedule reliability, emphasizing the unique hurdles faced in December 2023.
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Source: Container news
