Schedule Reliability Decreased to 60.9% in August 2018
Oct. 3, 2018
CargoSmart analyzes schedule reliability each month to provide shippers and logistics service providers with insights about their ocean carriers’ performance. This month, we reviewed the schedule reliability of 20 ocean carriers across 13 trade lanes. Overall, on-time schedule reliability decreased by 5.7%, from 66.6% in July 2018 to 60.9% in August 2018.
Reviewing schedule reliability by trade, seven of the 13 trades decreased from July 2018 to August 2018. The Europe-Africa trade experienced the largest decrement in reliability, decreasing by 23.3% from 40.0% in July 2018 to 16.7% in August 2018. The Europe-South America trade experienced the largest improvement in reliability, increasing by 7.5%, from 64.0% in July 2018 to 71.5% in August 2018. The North America-Oceania trade had the highest reliability among the 13 trades.
From the vessel discharging region perspective, the Middle East region experienced the largest decrement in reliability, decreasing by 11.2%, from 80.0% in July 2018 to 68.8% in August 2018. The South Asia region have the highest reliability, with 80.5% reliability while the Africa region continued to have the lowest reliability, with 44.0% reliability in August 2018.
All carriers experienced varying degrees of decreasing schedule reliability from July 2018 to August 2018. The top five most reliable carriers in August 2018 were OOCL, CMA CGM, ANL, CNC and Maersk with an average on-time performance of 69.4%, 67.5%, 66.9%, 65.8%, and 65.7% respectively.