Following a period of uncertainty following the Red Sea crisis, a sense of stability has emerged in the ocean carrier schedule reliability, particularly with the normalization of round-Africa routes, according to a recent report by Sea-Intelligence.
This trend is reflected in the February 2024 global schedule reliability score, which saw a month-on-month improvement of 1.7% points reaching 53.3%. However, compared to the previous year, schedule reliability experienced a decrease of 6.9% points.
"The average delay for late vessel arrivals also improved to 5.46 days, roughly the same level as pre-Crisis, which means that the increase due to the crisis has reverted," noted Sea-Intelligence analysts.
According to the report, Hapag-Lloyd was the most reliable top-13 carrier in February with schedule reliability of 54.9%, while another seven box lines were above the 50% mark, with the remaining carriers all in the 40%-50% range.
PIL was at the bottom with a score of 45.3%. On a M/M level, seven carriers recorded an improvement in schedule reliability, with the highest improvement of 9.7 percentage points recorded by Hapag-Lloyd. Evergreen recorded the largest M/M decline of 5 percentage points.
"On a Y/Y level, none of the 13 carriers recorded an increase in schedule reliability," pointed out Sea-Intelligence analysis.
