News
Global shipping schedule reliability improved by 0.7 percentage points from the previous month to 52.8% in August, according to Sea-Intelligence. Although it was down a notable 10.2 percentage points from a year earlier, schedule reliability has stayed in the 50%-55% range this year. While disappointingly low, the minimal volatility does give shippers a relatively good idea of what to expect month on month.
The average delay for late vessel arrivals increased by 0.03 days from a month earlier to 5.28 days in August, which is only surpassed by the pandemic highs in 2021 to 2022. On a year-on-year scale, however, the August figure was 0.62 days higher.
Maersk was the most reliable carrier among the top 13 in August with a schedule reliability rate of 54.7%, followed by Hapag-Lloyd with 54.3%. Eight more carriers were above the 50% mark, with PIL the lowest reliable rate of 37.2%.
In August, the schedule reliability difference between the most and least reliable carrier increased to 17.5 percentage points, the highest figure in all of 2024. There were nine carrier making month-on-month improvements, with HMM recording the largest increase of 7.4 percentage points. At a year-on-year level, only HMM and Yang Ming Marine Transport marked improvements of 4.4 percentage points and 3.6 percentage points, respectively. Six carriers suffered double-digit declines.
Sea-Intelligence publishes the Global Liner Performance (GLP) report, which covers schedule reliability across 34 different trade lanes and 60-plus carriers.
