Amidst the challenges posed by the Purple Sea disaster, there are encouraging indicators of progress in world schedule reliability, as highlighted by Sea-Intelligence’s newest findings. The March 2024 statistics reveal a notable uptick of 1.6 proportion factors month-over-month (MoM), reaching 54.6 %.
Subject 152 of the World Liner Efficiency (GLP) report by the maritime information firm presents complete information on schedule reliability, encompassing 34 commerce routes and over 60 carriers. Regardless of a year-over-year (YoY) decline of -7.9 proportion factors, the typical delay for late vessel arrivals noticed enchancment, reducing by -0.52 days MoM to five.03 days, in comparison with pre-crisis ranges from November 2023.
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Among the many prime 13 carriers, Wan Hai emerged as essentially the most dependable in March 2024, boasting a schedule reliability of 59.7 %. Hapag-Lloyd and ZIM intently adopted, with schedule dependability charges of 56.1 % every. Notably, 11 out of the highest 13 carriers witnessed MoM enhancements in schedule reliability, with Wan Hai main the pack with a powerful enhance of 11.1 proportion factors.
Nevertheless, challenges persist, as mirrored within the year-over-year comparisons. Not one of the 13 carriers confirmed positive factors in schedule reliability in comparison with the earlier 12 months, with PIL experiencing essentially the most important lower of -18.1 proportion factors. Regardless of this, there’s a sense of cautious optimism because the trade strikes ahead.
In February, Sea-Intelligence reported an identical development, with world schedule reliability witnessing a 1.7 proportion level MoM enhance to 53.three %. These incremental enhancements underscore the resilience of the trade amidst ongoing disruptions, providing hope for continued progress within the face of adversity.