News Details

Global boxship schedule reliability reaches highest level in 2014

As global schedule reliability increased for the third consecutive month to 76 per cent in November from 74.4 per cent in October, it also marked the highest performance recorded in 2014.

Global schedule reliability in November was based on more than 10,800 vessel arrivals. Data from INTTRA shows that global container delivery in November remained nearly at the same level as in October, improving by 0.1 percentage point to 61.3 per cent. Global container delivery was based on more than 3.1 million containers.

The COO and Partner in SeaIntel, Mr Alan Murphy, said: "If we only focus on the development in 2014, it is definitely good news for both shippers and carriers that global schedule reliability has reached the highest level. However, as we compare the results with the schedule reliability we recorded in November 2013, we find that performance is down nearly 5 percentage points. Every month of 2014 has been below the 2013 level, an unsatisfactory development for both shippers and carriers."

In November, Maersk Line, Hamburg Süd and CSAV were the most reliable carriers with schedule reliability of 86.4 per cent, 84.8 per cent and 83.4 per cent, respectively. This is the third consecutive month that the three carriers are the most reliable, and in the same order. Looking at the development from October to November, SeaIntel found that MOL, APL and OOCL have improved their schedule reliability the most, with their performance improving by 9.5, 8.4 and 6.8 percentage points, respectively.

From a trade lane perspective, schedule reliability and container delivery in the Transpacific EB trade lane continued to worsen, decreasing to 53.6 per cent and 40.7 per cent, respectively. In the other major trade lanes between Asia-North Europe and Asia-Mediterranean, schedule reliability increased to 82.5 per cent and 76.9 per cent, which means that schedule reliability in the Asia-North Europe trade lane has reached the highest level in 2014. Also, for the first time this year, the trade lane has improved year-on-year as well, highlighted a release.

Besides, data from INTTRA shows that container delivery in the reefer-heavy South America-North Europe trade lane has reached an all-time record level of 82.6 per cent, which is very good news for both shippers and carriers, as a large portion of the cargo moved in this trade lane is time-sensitive, the release pointed out.

Source: Exim News Service: Brussels, Dec. 25

Search News

Currency Import Export
U.S.Dollar 65.07 64.19
U.K.Pound 84.19 82.43
Euro 72.99 71.73

As On 26th May, 2017

more forex rates...

Currency Import Export
U.S.Dollar 65.30 63.60
Sterling Pound 85.05 82.20
Euro 73.10 70.60

w.e.f. 19th May, 2017

more custom rates...

CURRENT EVENT