[120420.EN.BIZ] Box Ship's Schedule Reliability Continues To fall: Sea-Intelligence

SEA-INTELLIGENCE says container shipping schedule reliability continued to fall in February, down 3.4 percentage points month on month to 65.1 per cent, the lowest level since 2011.

Worse yet, schedule reliability in February was lower by 8.5 percentage points compared to the 73.6 per cent recorded the same month last year.

In terms of the average delays for late vessel arrivals, 2020 so far has seen the highest delays outside of the US west coast labour dispute in early 2015.

Hamburg Sud was the most reliable top-15 carrier in February with schedule reliability of 74.7 per cent, followed by Maersk Line with 73 per cent, and Wan Hai with 72.2 per cent. Nine of the carriers recorded February schedule reliability of 60-70 per cent.

There were only three carriers that had February schedule reliability of less than 60 per cent, including PIL with 59.2 per cent, OOCL with 58.9 per cent, and Yang Ming with the lowest February schedule reliability of 56.8 per cent.

ZIM was the only top-15 deep-sea carrier to record a month-on-month improvement in schedule reliability, of 2.0 percentage points. MSC recorded the smallest m/m decline of 1.7 percentage points. Six carriers recorded declines of higher than 8.0 percentage points, while APL was the only carrier to record a double-digit decrease of 10.8 percentage points.

Source : HKSG.