Container Shipping Reliability Report Published

Press Release
Wednesday, July 18, 2012

An INTTRA, SeaIntel, collaboration reports 'On-Time Performance & Schedule Reliability' of the ocean shipping industry

INTTRA, an active worldwide network for ocean shipping, and SeaIntel, container shipping market analysts, announce the availability of the initial publication of the industry’s only shipping reliability report that combines on-time performance with schedule reliability measures.

“For the first time shippers can now analyze actual container delivery time versus vessel arrival time on a country-by-country level,” said Lars Jensen, CEO of SeaIntel Maritime. “This is a game changer in how shippers can evaluate carrier performance and make more informed decisions on how their freight is moved.

“For the first time shippers can now analyze actual container delivery time versus vessel arrival time on a country-by-country level,” said Lars Jensen, CEO of SeaIntel Maritime. “This is a game changer in how shippers can evaluate carrier performance and make more informed decisions on how their freight is moved.

While knowing when the vessel arrives is an indicator of on-time arrival, what’s most important to a shipper is how timely their cargo is moving. With this report, shippers now have timely information, at a level of detail that makes it actionable.”

The report points out that the Asia to Europe and Asia to North America trades are both characterized by the container delivery being 8-10 percentage points lower than the vessel reliability. However, the highest variability is seen from Europe to Australia/New Zealand where vessel reliability on the direct service is 88%, but container delivery is only 36%, a variance of 52 percentage points.

The report findings also indicate positive improvements in overall on-time performance for the ocean shipping industry. Global on-time delivery in June improved to 64% from 61% in May. Looking at specific, critical trade lanes, the story is even better. Asia to Europe on-time delivery rose from 65% in 2011 to 74% in 2012. During that same period, in the Asia to Mediterranean trade, performance increased from 46% in 2011 to 68% in 2012.

For information on how to receive the complete market report. click here.



 

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