Global schedule reliability declined to 52.1% in July in 2024
2 months ago
Global schedule reliability declined to 52.1% in July in 2024
Sea-Intelligence has published issue 156 of the Global Liner Performance (GLP) report, featuring schedule reliability data through July 2024. The report, which is comprehensive in scope, analyzes schedule reliability across 34 trade lanes and over 60 carriers. This summary will focus on the global highlights.
In July 2024, global schedule reliability dipped by 2.1 percentage points from the previous month, reaching 52.1%. This level is nearly unchanged from earlier in the year, reflecting 2024’s consistent pattern of reliability fluctuating between 50% and 55%. Compared to July 2023, schedule reliability saw a significant decline of 12.0 percentage points.
The average delay for late vessel arrivals saw a slight improvement, decreasing by 0.02 days month-over-month to 5.24 days. However, this delay is still higher than the figures from last year and is only surpassed by the peak delays experienced during the pandemic in 2021-2022.
Among the top 13 carriers, Maersk led with the highest schedule reliability in July 2024, achieving 54.6%. Only three other carriers managed to exceed the 50% reliability mark, while the remaining nine carriers ranged between 40% and 50%. Wan Hai had the lowest reliability, coming in at 41.3%.
In terms of month-over-month performance, only ZIM and MSC recorded improvements in schedule reliability for July 2024, while Wan Hai suffered the most significant drop, declining by 11.6 percentage points. On a year-over-year basis, no carrier saw an increase in reliability. Yang Ming experienced the smallest annual decline at 5.2 percentage points, while Wan Hai had the largest, with a drop of 27.4 percentage points, according to Sea-Intelligence CEO Alan Murphy.
Source: Container News