The reliability of the shipping schedule achieved a year-on-year improvement for the first time

Shipping line reliability has improved after hitting a low in early 2022, according to SeaIntelligence, a shipping analytics and consultancy service. The agency's report covers schedule reliability data on 34 different trade routes and more than 60 shipping lines.

Alan Murphy, CEO of SeaIntelligence, said: "Global schedule reliability appears to have broken the trend since the beginning of the year. This is also the first year-on-year increase in schedule reliability since the start of the pandemic."

According to the latest data released by SeaIntelligence, in June 2022, schedule reliability increased by 3.6% to 40%, which is the first time in 12 months that schedule reliability has reached this level. Still, that figure is still well below the historical average of 70% or more between 2018 and 2020.

Increased schedule reliability for many leading shipping lines contributed to the overall improvement. The schedule reliability of the 14 top liner operators increased by 2.5%, an increase of 8% year-on-year, of which the largest increase came from Asian liner operators, including Evergreen, COSCO, HMM, etc.

"There are 10 shipping companies with a schedule reliability of 30% to 40%, and only two shipping companies with a schedule reliability of 20% to 30%." Murphy stressed. He also noted that the gap between the 10 shipping companies was small, within 7 percentage points of each other.

Maersk and Hamburg Süd still had the highest schedule reliability, but both saw a small year-on-year decline. However, they are still the only shipping companies with a schedule reliability of more than 40%. Maersk's June schedule reliability was 49.5% and Hamburg Süd was 41.4%. Among large shipping companies, Wanhai and Yangming still have schedule reliability below 30%, but also show higher year-on-year growth.

In addition, the average delay for late arrivals has been shrinking so far this year, although it remained unchanged at 6.24 days in June. Delays are now below seven days and an improvement over the same period in 2021.

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