Global container line schedule reliability saw considerable improvement in the second half of 2022 as supply chain congestion started to ease.
Analysts Sea-Intelligence reported that container line reliability reached 56.6% in November last year as a marked in improvement was seen in the second half of 2022.
The report covers over 60 carriers on 34 different trades worldwide.
The numbers were a major contrast to January 2022 when schedule reliability languished at just 30.9% and none of the top 14 containers achieved a reliability of 50%.
Schedule reliability languished in the mid-30’s percentage range for much of the first half of 2022 improving to around 40% by mid-year and has seen significant improvement from September onwards.
The 56.6% schedule reliability for November 2022 marked a 4.7 percentage points improvement over the previous month. The line with highest schedule reliability was MSC 63.4% in November, followed by Maersk with 61.7%.
The next eight carriers recorded schedule reliability of 50%-60%, while four lines recorded schedule reliability of 40%-50%.
The lowest level of schedule reliability was reported by Yang Ming at 42.5% in November 2022.
Average delays in late vessel arrivals also improved in November 2022 dropping 0.58 days month-on-month to 5.04 days.
“Both schedule reliability and average delay are now better than the 2020 level as well,” Alan Murphy, CEO of Sea-Intelligence, commented.
Source: Indian Shipping News
