Sea-Intelligence has released issue 156 of the Global Liner Performance (GLP) report, providing schedule reliability data up to July 2024. This extensive report covers 34 trade lanes and over 60 carriers, but this press release will focus on the global highlights.
In July 2024, global schedule reliability dropped by 2.1 percentage points month-over-month (M/M) to 52.1%, returning to levels seen at the beginning of the year. This decline is part of a trend in 2024, where reliability has fluctuated between 50% and 55%. Compared to July 2023, schedule reliability was down by 12.0 percentage points year-over-year (Y/Y).
The average delay for late vessel arrivals slightly improved, decreasing by 0.02 days M/M to 5.24 days. However, this figure remains higher than pre-pandemic levels, with only the pandemic peaks of 2021-2022 surpassing it. Compared to July 2023, the delay figure was 0.63 days higher.
Maersk emerged as the most reliable carrier among the top 13, achieving 54.6% schedule reliability in July 2024. Three other carriers exceeded the 50% mark, while the remaining nine carriers fell within the 40%-50% range. Wan Hai was the least reliable carrier, with a schedule reliability of 41.3%.
Only ZIM and MSC achieved M/M improvements in schedule reliability in July 2024, while Wan Hai experienced the largest decline at 11.6 percentage points. On a Y/Y level, none of the carriers recorded an increase in schedule reliability, with Yang Ming recording the smallest decline (-5.2 percentage points) and Wan Hai recording the largest Y/Y decline (-27.4 percentage points), according to Alan Murphy, CEO of Sea-Intelligence.
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