Global schedule reliability dropped to 34.9% in January, which means that for the sixth consecutive month it has been the lowest since maritime consultancy Sea-Intelligence introduced the benchmark in 2011.
“Compared to January 2020, it is -33.5 percentage points lower, and it is the sixth consecutive month that we have recorded a double-digit Y/Y decline. We also see a similar trend with average delays for late vessel arrivals, which have recorded consecutive M/M increases for the past five months, reaching 6.42 days in January,” said the consultancy’s CEO Alan Murphy.
Hamburg Süd was the most reliable at 46.5%. However, figure 3 demonstrates how significant the deterioration is compared to January 2020.
None of the carriers recorded a M/M or a Y/Y improvement.
COSCO recorded the largest M/M decline of -13.9 PP (one of the nine carriers with a double-digit decline) while HMM recorded the largest Y/Y decline of -53.3 PP. All carriers recorded double-digit declines.
“With continued widespread port congestion, and with carriers still not letting off capacity-wise (especially on the major trades), not even for Chinese New Year, shippers may not see improving schedule reliability any time soon,” said Murphy.