CargoSmart: Carriers More Reliable in October 2017
Carriers’ overall on-time schedule reliability increased by 3.3%, from 64.3% in September 2017 to 67.6% in October 2017, latest data from intelligence provider CargoSmart shows.
Regarding schedule reliability by trade, 10 of the 12 trades increased from September 2017 to October 2017.
The Asia-Africa trade experienced the largest improvement in reliability, increasing by 11.5% to 45.9% in October 2017. The Europe-Middle East trade experienced the largest decrement in reliability, dropping by 14.9% to 63.3% in October 2017, while the North America-Oceania trade continued to have the highest reliability with 86.2% in September 2017.
From the vessel discharging region perspective, the Africa region experienced the largest improvement in reliability, increasing by 12.9%, from 26.9% in September 2017 to 39.8% in October 2017. Although, it was the region with the lowest reliability in October. The South Asia region had the highest reliability, with 81.5% reliability in October 2017.
19 of the 23 carriers experienced varying degrees of increasing schedule reliability from September 2017 to October 2017.
The top five most reliable carriers in October 2017 were CCNI, MCC, OOCL, Maersk, and CMA CGM with an average on-time performance of 85.1%, 78.2%, 73.8%, 73.5%, and 73.4%, respectively.