Container Carriers Set Reliability Record

(Press Release)
Thursday, February 02, 2012
(Source: Drewry)

Container service reliability reached a new high in the final quarter of 2011 with an on-time average of 69% across all the trades covered by Drewry’s Schedule Reliability Insight report, just published. The latest result was up by 6 percentage points over the previous quarter, meaning that schedule reliability has improved for three consecutive quarters, a feat only equalled once before between 4Q08 and 2Q09. Despite the positive results, the report points out that when the previous record of 68% was set in the second quarter of 2009 there followed a sharp deterioration in reliability. “Shippers will be hoping that history does not repeat itself,” said Simon Heaney, researcher manager for Schedule Reliability Insight.

“The two best on-time results have been set during periods of low freight rates, which reinforces the notion that reliability and price are not directly related to one other. However, there is evidence that continued periods of low,  oss-inducing rates do eventually wear away at carriers’ motivation to maintain reliability. Their commitment to reliability will be tested this year as we do not expect to see huge rate hikes.” 
Maersk Line retained its position as the most reliable of the “Top 20” carriers across all the trades covered by Drewry, followed by CKHY Alliance members Hanjin Shipping and Cosco Container Lines in second and third place respectively.
For the first time, the report also measured reliability by vessel size and operator. The standard reliability rankings include all services that a carrier offers space on regardless of whether they participate as a vessel operator or via a slot charter agreement. The vessel operator-only rankings had Hanjin and Maersk on top again with on-time percentages of 91% and 90% respectively.
The report also includes carrier rankings across the three main East/West trades.
Maritime Reporter September 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Rolls-Royce to Cut More Staff of Marine Unit

Britain's Rolls-Royce said it would cut an additional 400 staff from its marine business by the end of next year, its latest move to make the unit more efficient

Wärtsilä Debuts Package for hydropower & industrial plant

Wärtsilä Corporation, a global leader in complete lifecycle power solutions for the marine and energy markets, expands into a new market segment, offering a comprehensive package of seals,

Smith Taken on Rolls-Royce Holdings Board

Rolls-Royce Holdings plc today announces the appointment of Sir Kevin Smith CBE as a Non-Executive Director.  Sir Kevin will join the Board with effect from

Container Ships

Search for Ship Lost in Hurricane a Big Challenge

Deep seas may complicate efforts to find the sunken U.S. cargo ship lost off the Bahamas during Hurricane Joaquin, a federal safety investigator said, as a search

Weak Capesize Rates Depress Baltic Index

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Tuesday on weak demand for capesize vessels. The overall index,

U.S. Investigators Head to Florida to Probe Ship Lost in Hurricane

Federal safety investigators traveled to Florida on Tuesday to investigate the U.S. container ship lost at sea after being hit by powerful Hurricane Joaquin, leaving

Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.3408 sec (3 req/sec)