Global Schedule Reliability Improves in February 2024 Amid Red Sea Crisis

Analysts Sea-Intelligence reported a 1.7 percentage point increase in global schedule reliability for container lines in February 2024, reaching 53.3%. Despite improvements, the Red Sea crisis impacted reliability compared to the previous year. Hapag-Lloyd led with 54.9% reliability, while Pacific International Lines (PIL) scored lowest at 45.3%.
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In February 2024, analysts at Sea-Intelligence reported a 1.7 percentage point improvement in global schedule reliability for container lines, bringing it to 53.3%. Despite the recent Red Sea crisis causing disruptions, stability has returned, with round-Africa routings normalizing. However, compared to the same month in 2023, schedule reliability was still 6.9 percentage points lower.

Hapag-Lloyd was the most reliable carrier in February 2024, with a schedule reliability of 54.9%, followed by seven other carriers above the 50% mark. Pacific International Lines (PIL) was the least reliable among the top carriers, with a score of 45.3%. The average global schedule reliability of 53.3% is still below levels seen in previous months, indicating ongoing challenges.

Major container lines have adjusted their schedules to reroute via the Cape of Good Hope due to the Red Sea crisis, with little sign of resolution. CEO Lars Jensen of Vespucci Maritime expects further improvements in schedule reliability in the coming months as vessels adapt to the new round-Africa services. Despite the challenges, the industry is working towards more timely services in line with the adjusted schedules.

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