Box lines post ‘marginal’ Q3 reliability gains - analyst
The container shipping industry recorded a marginal improvement in service reliability last quarter, according to research by SeaIntel.
The analyst said that in Q3 2017, global schedule reliability improved by 0.2 percentage points to 74.7%, up from 74.5% in Q2 2017.
Year-on-year, however, schedule reliability was 10.6 percentage points lower than in Q3 2016.
In the third quarter, OOCL was the most reliable carrier with a schedule reliability score of 83.3%. Evergreen and Wan Hai were the second most reliable carriers scoring 82.5% each, followed by APL and HMM with 82.3% and 82.0%, respectively.
“In 2017-Q3, 11 of the top-18 carriers saw a quarter-on-quarter improvement in their reliability scores, while the scores declined for six carriers, albeit by small margins, and Hapag Lloyd recorded no change from 2017-Q2,” said SeaIntel.
“No carriers saw a positive year-on-year change in schedule reliability with the biggest decreases recorded by MOL, UASC and K Line, with drops of 15.1, 14.4, and 13.8 percentage points, respectively.”