Impact of Red Sea crisis on schedule reliability reverting
Sea-Intelligence has published issue 152 of the Global Liner Performance (GLP) report, with schedule reliability figures up to and including March 2024. As the report itself is quite comprehensive and covers schedule reliability across 34 different trade lanes and 60+ carriers, this press release will only cover the global highlights from the full report, it said in the communique, which elaborated:
“As the round-Africa routings normalise, and the carriers’ service networks stabilise, schedule reliability has started to improve, with the March 2024 figure improving by 1.6
percentage points M/M to 54.6%. That said, reliability is still not on par with pre-crisis. On a Y/Y level, schedule reliability in March 2024 was down by -7.9 percentage points. The average delay for LATE vessel arrivals decreased by -0.52 days M/M to 5.03 days, improving marginally over the pre-crisis figure of November 2024.
“Wan Hai was the most reliable top-13 carrier in March 2024 with schedule reliability of 59.7%. Hapag-Lloyd and ZIM followed with schedule reliability of 56.1% each. There were another 8 carriers above the 50% mark… 11 of the top-13 were able to record a M/M improvement in schedule reliability in March 2024, with the largest improvement of 11.1 percentage points recorded by Wan Hai… On a Y/Y level, none of the 13 carriers recorded an increase in schedule reliability…”
Source: Exim News Service: Copenhagen, May 1