BEST reports three record call sizes in as many weeks

Sea-Intelligence’s latest Global Liner Performance report shows improving schedule reliability up to March 2024, but still below pre-crisis levels.

MSC is poised to increase size gap over CMA CGM, and Maersk will become the second-largest carrier; Hapag-Lloyd aims to maintain top-5 status.

According to Sea-Intelligence, shipping lines face declining spot rates, and they can either increase blank sailings to stabilise rates or capitalise on higher rates despite declines.

The average delay for LATE vessel arrivals improved to 5.46 days, roughly the same level as pre-crisis, meaning that the increase due to the crisis has reverted.

Network overviews from major liner alliances point to continuous decline in connectivity for the Port of Hong Kong.

Profitability of liner majors in the 2023 fiscal year has nearly returned to pre-pandemic levels, despite sharp year-over-year revenue declines.