Drewry: Ship Reliability Shows ‘Significant’ ImprovementCreated by HButler on 2/13/2013 4:56:45 PM
Ship and container performance indicators showed “significant” quarter-on-quarter increases in reliability in the fourth quarter of 2012, according to Drewry Maritime Research’s recently published quarterly report, Carrier Performance Insight.
Containership reliability reached a record high in the fourth quarter, with the percentage of on-time ship arrivals across all trades jumping 79.9 percent, a rise of 6.4 percentage points compared with the third quarter’s performance.
Ship reliability also eclipsed the previous best of 75.7 percent set in the second quarter of 2012.
Additionally, Hanjin Shipping usurped Maersk Line as the most reliable major carrier (defined as having a minimum of 100 voyage counts in a quarter) with an all-trades on-time average of 90.2 percent in the fourth quarter.
“While carriers deserve some plaudits for their improving reliability, a worrying trend for cancelled or blank voyages is emerging as carriers attempt to redress weak supply and demand fundamentals,” said Simon Heaney, research manager at Drewry, in a written statement.
- Journal of Commerce