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August 2021 containerline reliability sinks to new depths
The average delay for late vessel arrivals is continuing to deteriorate, with August seeing a new all-time low
Liner schedule reliability, which has hovered between 35% and 40% for most of the year, in August dropped to 33.6%, according to Sea Intelligence. Its report covers schedule reliability across 34 different trade lanes and more than 60 carriers. Sea Intelligence says that the 33.6% figure is a new all-time low during the 10 years it has tracked global schedule reliability. On a year-on-year basis, reliability in August 2021 was 30.1 percentage points lower than in August 2020, continuing the trend of 30 percentage point declines in each month in 2021 compared with the same period in 2020. The average delay for late vessel arrivals continued to deteriorate, increasing by 0.58 days, month-on- month, to 7.57 days in August. Maersk Line was once again the most reliable top-14 carrier in August, with schedule reliability of 45.6%, followed by Hamburg Süd with 38%. Another three carriers had schedule reliability of 30%-40%, with three other carriers recording schedule reliability of 20%-30%. Six carriers had schedule reliability of under 20%, with Evergreen recording the lowest August 2021 schedule reliability of just 11.5%.
Only HMM recorded a month-on-month improvement in schedule reliability, of 1.6 percentage points.
It is believed that China’s October Golden Week, Christmas and Chinese New Year will bolster strong demand for container shipping for the last quarter of 2021. But port congestion, especially in the US and Europe, and service delays are expected to create headwinds for service schedules. Extra loaders and ad hoc port omissions will be implemented to help improve reliability. Shipping lines expect equipment availability to remain tight in Q4 2021.
Maersk Line was once again the most reliable top-14 carrier in August.
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November 2021
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