Overall carrier schedule reliability in the global shipping sector declined by 5.7% in August this year compared to the previous month.
According to a new report by global shipment management solutions company, CargoSmart, seven of the 13 trade lanes reviewed by the company recorded a decrease in reliability.
The Europe-Africa trade was the poorest performer, with reliability falling from 40% in July to 16.7% in August. Reliability in Africa is the lowest at 44%.
The Europe-South America route was the most improved, with reliability up by 7.5% to 71.5% in August from 64% in July.
The report found that all ocean carriers had experienced varying degrees of poor schedule reliability during the period under review. The top five carriers were OOCL, CMA CGM, ANL, CNC and Maersk with an average on-time performance of 69.4%, 67.5%, 66.9%, 65.8% and 65.7% respectively.
Schedule reliability was determined by comparing the estimated time of arrival (ETA) – when the vessel departs from the port of loading – and the actual time of arrival (ATA). If the ATA is within plus or minus 24 hours of the ETA, the vessel is considered to be on time.
