Box carriers improve reliability in October

12/17/2017

October saw a significant improvement in container line schedule reliability, as 13 of the top 18 carriers recorded a month-on-month increase in on-time performance, according to SeaIntel Maritime Analysis.

HMM was the most reliable carrier in October, with an on-time performance of 82.9%. Hamburg Süd was second with 81.5% schedule reliability, but the only other lines able to record reliability of more than 80% were MSC and Maersk Line with 80.5% and 80.3%, respectively.

“Global schedule reliability, which has been decreasing for the past three months, improved by 2.3 percentage points over September to reach 74.8% in October,” said SeaIntel.

“This improvement, however, was not enough for a positive year-on-year development, with the October 2017 score still 9.7 percentage points lower than the 84.5% recorded in October last year. It is worth noting that we have not seen a year-on-year improvement in schedule reliability at all this year.”

The upturn in liner schedule performance in October followed an underwhelming performance in the third quarter (Q3), when global schedule reliability crept up just 0.2%, quarter-on-quarter, to 74.5%.

Despite the improvement in on-time performance in October, the average delay for late vessel arrivals deteriorated from 3.83 days in September to 4.02 days, according to SeaIntel.

“This is the highest that the delays for late vessel arrivals have been since May 2015,” said the analyst. “On a year-on-year level, the increase in the delays was even more significant, at 0.80 days, compared to 3.22 days recorded in October last year.”

On-time performance on the East-West trades saw a third consecutive month-on-month decease in October – down 2.0 percentage points to 75.4%.

2M was the most reliable alliance in October, with on-time performance of 80.6%, followed by Ocean Alliance with 78.1%, and The Alliance with 66.5%.