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Home News Reverting impact of Red Sea Crisis on schedule reliability

Reverting impact of Red Sea Crisis on schedule reliability

Sea-Intelligence has released the latest edition of the Global Liner Performance (GLP) report, featuring schedule reliability data up to March 2024.

The report of the Danish shipping data analysis firm encompasses schedule reliability across 34 trade lanes and over 60 carriers.

"Source: Sea-Intelligence.com, GLP Report, issue 152"

"Source: Sea-Intelligence.com, GLP Report, issue 152"

As round-Africa routings return to normal and carriers' service networks stabilize, there has been a noticeable improvement in schedule reliability. In March 2024, the figure rose by 1.6 percentage points month-on-month reaching 54.6%.

However, it still falls short of pre-crisis levels. Year-on-year, schedule reliability in March 2024 decreased by 7.9 percentage points. The average delay for late vessel arrivals decreased by 0.52 days month-on-month to 5.03 days, showing a slight improvement compared to the pre-crisis figure recorded in November 2024.

"Source: Sea-Intelligence.com, GLP Report, issue 152"

In March 2024, Wan Hai emerged as the most reliable carrier among the top 13, boasting a schedule reliability of 59.7%. Hapag-Lloyd and ZIM closely followed with the same schedule reliability figures of 56.1%. Additionally, eight other carriers achieved reliability rates above the 50% threshold. PIL, on the other hand, ranked as the least reliable carrier with a schedule reliability of 49%.

"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. CMA CGM recorded the largest decline of -1.8 percentage points. On a Y/Y level, none of the 13 carriers recorded an increase in schedule reliability, with PIL recording the largest decline of -18.1 percentage points," explains Alan Murphy, CEO of Sea-Intelligence.

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