THE latest issue of the Global Liner Performance (GLP) shows that global schedule reliability has improved by 5.8 percentage point month on month to 40.4 per cent in March, indicating that the worst could be over in vessel's reliability performance.
"That said, there is a long way to go to reach the levels of the previous years, as this was still the lowest schedule reliability for April in the 10 years that we have measured schedule reliability, with the gap to 2020 a sharp -29.9 percentage points," says Alan Murphy, CEO, Sea-Intelligence.
The average delay for late vessel arrivals also reversed its deteriorating trend, with the March 2021 figure 0.79 days lower, albeit being higher by 1.42 days year on year, and still the highest for any March at 6.16 days.
The average delay in 2021-Q1 was higher than the extraordinary high delays caused by the 2015-Q1 US West Coast labour dispute and has also been the highest for each month in all months since April 2020.
Maersk Line was the most reliable top-14 carrier in March 2021 with schedule reliability of 48.7 per cent, followed by Hamburg Sud with 45.9 per cent. Only one other carrier, Wan Hai, had schedule reliability higher than 40 per cent. The remaining carriers were within 30 per cent to 40 per cent, apart from Evergreen at 29.6 per cent.
All carriers recorded a month-on-month improvement in schedule reliability, while none recorded a year-on-year improvement in March 2021. Wan Hai recorded the largest month-on-month improvement of 17.6 percentage points while HMM recorded the largest year-on-year decline of a staggering -45.4 percentage points.
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