Global liner reliability hits 2024 high in November
Sea-Intelligence has released issue 160 of its Global Liner Performance (GLP) report, which provides detailed insights into schedule reliability across 34 trade lanes and over 60 carriers.
This summary focuses on the global highlights from the report covering data up to November 2024.
In November 2024, global schedule reliability improved by 4.1 percentage points month-over-month (M/M), reaching 54.8%. This marks the highest level of reliability in 2024 so far.
However, despite this improvement, schedule reliability has generally remained within the 50%-55% range throughout the year. The average delay for late vessel arrivals also improved, decreasing by 0.43 days M/M to 5.41 days. Despite this progress, the delay figure remains the second-highest for November on record, surpassed only by the pandemic peak in 2021.
Among the top-13 carriers, Maersk achieved the highest schedule reliability at 61.9%. Eight carriers recorded reliability within the 50%-60% range, while the remaining five carriers fell between 47%-50%. Wan Hai ranked as the least reliable carrier, with schedule reliability of 47.3%. Notably, the reliability gap between the best and worst-performing carriers narrowed to less than 15 percentage points.
All top-13 global carriers showed M/M improvements in schedule reliability in November 2024. PIL recorded the largest M/M increase, with a rise of 14.6 percentage points.
“On a Y/Y level, only Yang Ming recorded an improvement, while 6 carriers recorded double-digit declines,” stated Alan Murphy, CEO of Sea-Intelligence.
