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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

News

PALFINGER Plans to Acquire Harding Group

The PALFINGER Group announced it intends to acquire 100 percent of the shares in Herkules Harding Holding AS and thus, the globally operating Harding Group, suppliers

Winners of Ferry Design Contest Selected

Winners of International Student Design Competition for a Safe Affordable Ferry to be revealed at the Ferry Safety and Technology Conference   Dr. Roberta Weisbrod,

Maritime Consolidation: Palfinger Aims to Acquire Harding

As maritime markets continue to struggle, merger and acquisition activity should heat up. Today, Austria's Palfinger Group announced that it intends to acquire

Logistics

New Call at Port Kelang on CMA CGM’s REX 2

CMA CGM has introduced a new westbound call at Port Kelang on its REX 2 service connecting Asia with Red Sea.   CMA CGM has decided to replace its REX2 westbound Singapore call with Port Kelang.

Baltic Index Falls on Weaker Demand

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday as demand for larger vessel segments declined.

Hapag-Lloyd Pushes Back AGM on Merger Talks

Hapag-Lloyd said it had decided to postpone its annual general meeting scheduled for June 1, 2016 due to ongoing merger talks between German container shipping

 
 
Maritime Contracts Maritime Standards Navigation Pipelines Pod Propulsion Ship Electronics Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | 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: 0.1049 sec (10 req/sec)