Reliability of Container Shipping Lines on the Rise
The month of May has seen reliability of container shipping lines’ on-time performance improve for the third consecutive month after global performance climbed 2.2 percentage points to 75.5%, according to SeaIntel’s Global Liner Performance.
Based on the report, the company that performed the best was Maersk, again, achieving a reliability rating of 87.1%. The second most reliable was Hamburg Süd at 85.6%, followed by CSAV, at 82%.
Only K Line and Mediterranean Shipping Co did not improve their reliability in May.
Zim Line, which is in the midst of a major restructuring, is now the only carrier with a global performance ranked lower than 70% after NYK Line and Orient Overseas Container Line achieved performances of 70.9% and of 72%.
According to the report, compared with April, services operating on the transatlantic eastbound and transatlantic westbound trade lanes in May witnessed a considerable rise in schedule reliability with percentage point increases of 5.4 and 10.5, although this was down on levels recorded last year.
As explained by Chief Operating Officer and Partner in SeaIntel Alan Murphy, “the poor performance has been costly for shippers in terms of extended and unreliable supply chains, and for the carriers in terms of omitting port calls, rerouting containers, and getting the vessels back on schedule.”
SeaIntel, July 8th, 2014