Marked improvement in schedule reliability in November 2024
Sea-Intelligence has published issue 160 of the Global Liner Performance (GLP) report, with schedule reliability figures up to and including November 2024. As the report itself is quite comprehensive and covers schedule reliability across 34 different trade lanes and 60+ carriers, this press release will only cover the global highlights from the full report.
In November 2024, global schedule reliability improved by 4.1 percentage points M/M to 54.8%, which is the highest point it has been at in 2024 so far. That said, even with that M/M improvement, schedule reliability has largely remained within the 50%-55% range in 2024. The average delay for LATE vessel arrivals improved, decreasing by -0.43 days M/M to 5.41 days. Despite the improvement, this is the second-highest figure for the month, only surpassed by the pandemic high of 2021.
Maersk was the most reliable top-13 carrier in November 2024 with schedule reliability of 61.9%. There were 8 carriers with schedule reliability of 50%-60%, with the remaining 5 carriers within a narrow 47%-50% range… In November 2024, the difference between the most and least reliable carrier dropped to under 15 percentage points. All top-13 global carriers recorded a M/M improvement in schedule reliability, with PIL recording the largest increase of 14.6 percent points. On a Y/Y level, only Yang Ming recorded an improvement, while 6 carriers recorded double-digit declines, as per the Sea-Intelligence release.
Source: Exim News Service: Copenhagen, Jan. 1