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International Cooperation Department
Tel.: (+86-21) 65853850-8034
Fax: (+86-21) 65373125
E-mail: ICDept@sisi-smu.org
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International Shipping |
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| Profiting from Gemini Co-op's reliability pitch |
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Date:2025-02-13 Readers:
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THE Gemini Cooperation alliance of Maersk and Hapag-Lloyd's goal of 90 per cent schedule reliability is the offer to shippers this month, reports New York's Journal of Commerce.
Johan Sigsgaard, chief product officer for Maersk, noted how global vessel schedule reliability hovered near 50 per cent through 2024, most recently coming in at 53.8 per cent in December, according to data from Sea-Intelligence Maritime Analysis.
Each month of last year saw reliability degrade compared with the corresponding month in 2023, although 2024 carried the burden of vessel diversions around southern Africa as carriers avoided the Suez Canal and Red Sea.
"We are simply put in a position where only one out of two [ships] are arriving on time," Mr Sigsgaard said.
"We have set this ambition of 90 per cent reliability. That's basically the level we believe it will take for [shippers] to remove some of the costs that [are] right now associated with ships arriving delayed."
Schedule reliability challenges are serving as an upstream source of service inconsistency, he said, saying Gemini Cooperation's hub-and-spoke design will be less burdened too many port calls.
In one example, Mr Sigsgaard cited a trade route reducing its number of port calls from seven to only three.
https://www.shippingazette.com/news?news_id=9250200000339 |
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