Global schedule reliability increases to highest YTD level
Sea-Intelligence has published issue 154 of the Global Liner Performance (GLP) report, with schedule reliability figures up to and including May 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 May 2024, global schedule reliability improved by 3.8 percentage points M/M to 55.8%. This is now the highest schedule reliability figure for 2024, and 1.2 percentage points higher than the previous highest figure of 54.6%. On a Y/Y level, however, schedule reliability in May 2024 was -11.0 percentage points lower. Despite the improvement in schedule reliability, the average delay for LATE vessel arrivals deteriorated, increasing by 0.34 days M/M to 5.10 days. This figure is now inching closer to the pandemic highs than the pre-pandemic lows. On a Y/Y level, the May 2024 figure was 0.73 days higher.
CMA CGM was the most reliable top-13 carrier in May 2024 with schedule reliability of 57.1%. There were another 7 carriers above the 50% mark, with the remaining 5 carriers in the 40%-50% range. 10 of these carriers were able to record a M/M improvement in schedule reliability in May 2024, with Maersk and CMA CGM recording the highest improvement of 6.0 percentage points. On a Y/Y level, none of the 13 carriers recorded an increase in schedule reliability, with 8 carriers recording double-digit Y/Y declines, as per the report.
source: Exim News Service: Copenhagen, July 1