Global container service scheduled reliability has declined to its lowest levels since records began, according to new data from SeaIntelligence Consulting.
The analyst’s latest schedule reliability data for December shows just 44.6% of vessels arriving on time, “which means that for the fifth consecutive month, global schedule reliability has been the lowest across all months since Sea-Intelligence introduced the benchmark in 2011”.
It said December’s reliability index, which covers global shipping rather than a specific trade, had declined by 31.7 percentage points on December 2019.
SeaIntelligence Consulting chief executive Alan Murphy explained: “This slump in schedule reliability coincided with the carriers’ introduction of capacity on the major tradelanes, above and beyond what we have seen before.
“With continued widespread port congestion, and with carriers still not letting off capacity-wise (especially on the major trades) not even for Chinese New Year, shippers might not see improving schedule reliability until the second quarter of 2021,” he added.
Source: The Loadstar