There’s some positive news for the global supply chain: on-time vessel arrivals are on the rise. Data from analyst Sea-Intelligence shows that industry-wide schedule reliability across all trades improved in May 2024. This represents a 3.8 percentage point increase compared to April.
However, despite this progress, schedule reliability remains below pre-pandemic levels. The May 2024 figure is only 1.2 points higher than the previous high this year (March 2024) and still lags behind figures from before the pandemic disruptions.
While delays have eased slightly, some carriers are performing better than others. CMA CGM emerged as the most reliable major deepsea line in May, with a 57.1% schedule reliability rate. On the other hand, Singapore’s PIL came in last with just 44.5% of their ships arriving on time. The article concludes that the overall improvement is promising, but challenges persist in ensuring consistent and reliable shipping schedules.
Source: Load Star