Business, Freight News, Sea

Ships more reliable than ever, says Drewry

[ August 13, 2012   //   ]

Shipping reliability improved to a new record high of 75.7% in the second quarter of 2012, said Drewry Maritime Research’s latest quarterly report, Carrier Performance Insight, published on 9 August.
There was a 3.4% improvement from the reliability level seen in the first quarter of 2012. Ship arrival reliability improved particularly in May and June, which Drewry attributes to a settling down of schedules following network changes in April caused by the new G6 and CMA CGM/MSC alliances.
“The latest data for the second quarter shows that freight rates have increased (from a low level), but so has ship on-time performance. We believe this is probably a fair deal for many shippers – a more expensive but more predictable service,” said Simon Heaney, research manager at Drewry.
Maersk Line and Hanjin maintained their positions as the two most reliable major carriers, and also improved on their performances of the first quarter.
Drewry also ranks reliability by ship operator, excluding slot charter parties. On this criteria, the most reliable operators in the second quarter were Hanjin, Maersk, Hamburg Süd and CSAV.
However, the latest data on port dwell times is worrying, adds Drewry. Shanghai, Hong Kong and Nhava Sheva are experiencing very long or increasing import dwell times. This may be due to port congestion, as at Nhava Sheva, but some delays are due to merchants not collecting containers promptly, perhaps because they do not need the products for some time.