Global schedule reliability plummeted in February to its lowest level since 2011, according to maritime consultancy Sea-Intelligence which introduced the index nine years ago.
There’s been a continued decline, according to the consultancy – but the February drop of 3.4 percentage points M/M took the score to an all-time low of 65.1%,.
“Furthermore, schedule reliability in February 2020 was lower by 8.5 percentage points compared to the 73.6% recorded last year. In terms of the average delays for late vessel arrivals, 2020 so far has seen the highest delays outside of the US West Coast labour dispute in early 2015,” says Sea-Intelligence CEO Alan Murphy.
Hamburg Süd was the most reliable top-15 carrier in February at 74.7%, followed by Maersk Line with 73.0%, and Wan Hai with 72.2%. The following nine carriers reached figures of 60%-70%, while just three carriers achieved reliability of less than 60% - PIL with 59.2%, OOCL with 58.9%, and Yang Ming at the bottom of the pile with 56.8%.
ZIM was the only top-15 deep-sea carrier to record a M/M improvement, of 2.0 percentage points. MSC recorded the smallest M/M decline of 1.7 percentage points. Six carriers recorded M/M declines of higher than 8.0 percentage points, while APL was the only carrier to record a double-digit M/M decline of 10.8 percentage points. None of the carriers recorded a Y/Y improvement last month.
How the carriers fared:
1. Hamburg Sud
2. Maersk Line
3. Wan Hai
6. Hapag Lloyd
10. CMA CGM
15. Yang Ming