Danish maritime data analysis firm Sea-Intelligence analysed the trend in ocean carriers' schedule reliability levels for May 2023.
The report contains the global highlights from the entire study because the research is extremely detailed and examines schedule reliability across 34 different trade lanes and 60+ carriers.
According to the Danish analysts, global schedule reliability has increased month on month, with the most recent improvement of 2.7% points in May 2023. With this boost, schedule reliability has risen to 67%. Also, schedule reliability has increased by 30 percentage points since 2022.
The average delay for late vessel arrivals, on the other hand, increased a bit, by 0.04 days month on month to 4.39 days. Despite the gain, the May 2023 number was still 1.86 days lower that the same month last year and better than any of the pandemic years.
Maersk had the highest schedule reliability of any top-14 carrier, at 73.5%, followed by Wan Hai at 71% and MSC at 70.4%. Seven carriers had schedule reliability of 60%-70%, while the remaining carriers had reliability of 50%-60%. Unlike previous months, the gap between the most and least reliable carriers widened significantly in May 2023.
"With schedule reliability of 52.6% in May 2023, HMM was the least reliable carrier. In April 2023, 13 of the top 14 carriers improved month-on-month in schedule reliability, with HMM registering the only fall of -2.5% points. On a year-over-year basis, all 14 carriers improved schedule reliability by double digits," noted Alan Murphy, CEO of Sea-Intelligence.