Container Reliability Declines for Third Consecutive Quarter

MarineLink.com
Wednesday, November 20, 2013

Drewry’s Carrier Performance Insight report, just published, revealed a disappointing drop in performance for both ship-level and container-level reliability Key Performance Indicators (KPIs) in the third quarter.

Containership reliability dipped below 70% for the first time since the beginning of 2012 as weaker performances in the Asia trades to and from Europe and the Middle East/Indian Subcontinent contributed to a quarter-on-quarter decline of 1.4 percentage points to 69.5%.

The latest result represents the third consecutive quarterly drop in average on-time performance and is the lowest score since 3Q11 (61.1%). Compared to the same quarter in 2012, the 3Q13 result was down by 1.5 points.

Data derived from e-commerce platform provider CargoSmart reveals that while shipments from the origin port were no worse than in the second quarter the delays in cargo availability at destination port were caused by lengthier than scheduled transit times at sea.

“Heading into the slower winter season carriers have already announced a raft of missed or cancelled voyages along with other service adjustments during the fourth quarter, which does not bode well for improvement in the short-term,” said Simon Heaney, research manager at Drewry.

“Reliability in the container shipping arena is on a worrying downwards trend having made huge strides in the last couple of years. While carriers are rightfully looking to cut costs they need to keep focus on delivering the service their customers demand,” said Heaney.

Despite recording a lower on-time performance in the third quarter compared to the second, Maersk Line regained top slot as the most reliable carrier as its nearest rivals all saw their scores drop further. Maersk achieved its position by recording an on-time performance across all trades covered of 79.3% in 3Q13, down 2.7 points from its score of 82.0% in 2Q13. Its latest result means that Maersk has finished at the top of Drewry reliability rankings in 13 of the past 15 quarters.

drewry.co.uk

Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Container Ships

World’s Largest Boxship is DNV GL classed

CSCL Globe, the world’s largest containership and the first of a series of five 19,100 TEU containerships ordered by China Shipping Container Lines (CSCL) in 2013,

DNV GL “Modification Excellence Award” for Schiffahrt

Classification society DNV GL recognised that E.R. Schiffahrt has retrofitted seven ultra large container vessels to meet the highest energy efficiency standards

World’s First LNG-Ready Ultra Large Container Ship Named

The race is on in global maritime circles to be the “world’s first” in every aspect of environmental friendliness, particularly in regards to the incorporation of LNG as fuel onboard commercial ships.

News

EU Regs on Ship CO2 Reporting Complicates IMO Agreement

ICS Concerned that EU will Preempt IMO CO2 Negotiations.   The global trade association for shipowners – the International Chamber of Shipping (ICS) – is disappointed

World’s Largest Boxship is DNV GL classed

CSCL Globe, the world’s largest containership and the first of a series of five 19,100 TEU containerships ordered by China Shipping Container Lines (CSCL) in 2013,

New Players in Singapore Markets in OW's Absence

The downfall of a leading marine fuel supplier that prompted sellers to tighten credit terms in Singapore is skewing the post-OW Bunker jostle for market share

Logistics

Asia VLCC Rates Could Could Climb Even More

Owners see rates climb by nearly $22,000 per day; Rates could peak as more tonnage comes free. Rates for very large crude carriers (VLCCs) on key Asian routes

New Players in Singapore Markets in OW's Absence

The downfall of a leading marine fuel supplier that prompted sellers to tighten credit terms in Singapore is skewing the post-OW Bunker jostle for market share

NATO Unconcerned by Russian Warships in English Channel

A squadron of Russian warships entered the English Channel on Friday but a NATO official dismissed a Russian media report that they were there to conduct military exercises.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Pipelines Pod Propulsion Salvage Ship Electronics Ship Simulators
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1361 sec (7 req/sec)