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Schedule Reliability drops -5% points in December, says Sea-Intelligence

January 31, 2024
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Schedule Reliability drops -5% points in December, says Sea-Intelligence
Schedule Reliability drops -5% points in December, says Sea-Intelligence

Copenhagen - Amidst the Red Sea crisis, global schedule reliability decreased by -5.0 percentage points M/M in December 2023 – the largest M/M drop since February 2021 – to 56.8%. With this, December 2023 schedule reliability was the second-lowest of 2023. On a Y/Y level, schedule reliability in December 2023 was only 0.4 percentage points higher than in December 2022. Due to the round-of-Africa sailings, the average delay for LATE vessel arrivals deteriorated, increasing by 0.30 days M/M to 5.35 days.

Evergreen was the most reliable top-13 carrier in December 2023 with schedule reliability of 63.6%, followed by CMA CGM as the only two carriers above the 60% mark. 6 carriers had schedule reliability of 50%-60%, while the remaining 5 carriers all had schedule reliability of 40%-50%, with Yang Ming the least reliable carrier with December 2023 schedule reliability of 45.6%. Because of the increased transit times round of Africa, none of the top-13 carriers recorded a M/M improvement in schedule reliability, while only 4 carriers were able to record a Y/Y improvement.

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