Sea-Intelligence: Global schedule reliability remains stable

According to the new Sea-Intelligence report, in August 2024, global schedule reliability improved by 0.7% M/M to 52.8%. Schedule reliability in 2024 has stabilised within the 50%-55% range.

According to Sea-Intelligence, the minimal volatility this year gives shippers a relatively good idea of what to expect from month to month.

On a Y/Y level, schedule reliability in August 2024 was -10.2% lower. The average delay for LATE vessel arrivals increased by 0.03 days M/M to 5.28 days, which is only surpassed by the pandemic highs of 2021-2022. On a Y/Y level, the August 2024 figure was 0.62 days higher.

Click on the images below for better view:

Maersk was the most reliable top-13 carrier in August 2024 with schedule reliability of 54.7%, followed by Hapag-Lloyd with 54.3%. Another 8 carriers were above the 50% mark, with PIL the least reliable at 37.2%.

In August 2024, the schedule reliability difference between the most and least reliable carriers increased to 17.5%, the highest figure in all of 2024.

There were 9 carriers with an M/M improvement in schedule reliability in August 2024, with HMM recording the largest increase of 7.4%. On a Y/Y level, only HMM and Yang Ming recorded an improvement of 4.4% and 3.6%. There were 6 carriers with double-digit Y/Y declines.

Credit: Sea-Intelligence