Sea-Intelligence has published issue 155 of the Global Liner Performance (GLP) report, with schedule reliability figures up to and including June 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 June 2024, global schedule reliability dropped by -1.2 percentage points M/M to 54.4%. This is keeping in line with the trends seen so far in 2024, where global schedule reliability has largely been within 50%-55%. On a Y/Y level however, schedule reliability in June 2024 was -9.8 percentage points lower. The average delay for LATE vessel arrivals also deteriorated, increasing by 0.04 days M/M to 5.19 days. This is now the third-highest figure for the month, only surpassed by the pandemic highs of 2021-2022. On a Y/Y level, the June 2024 figure was 0.82 days higher.
Hapag-Lloyd was the most reliable top-13 carrier in June 2024 with schedule reliability of 55.4%. There were another 9 carriers above the 50% mark, with the remaining 3 carriers in the 40%-50% range. ZIM was the least reliable carrier, with schedule reliability of 44.4%. Of the top-13 carriers, 7 recorded an M/M improvement in schedule reliability, with Yang Ming recording the highest improvement of 6.1 percentage points. ZIM recorded the largest M/M decline of -3.3 percentage points. On a Y/Y level, only HMM and Yang Ming recorded an increase in schedule reliability, while MSC recorded the largest Y/Y decline of -18.5 percentage points.
Source: sea-intelligence.com