Two in three containers arrived too late in the Pacific this February
Date: Monday, April 1, 2019
Source: Shipping Watch
Only about a third of containers arrived on time on the Pacific routes this February. This indicates a crisis of timeliness according to analyst firm Sea-Intelligence.
Two in three container ships arrived one day late in February, which indicates a crisis of timeliness on the Pacific routes, according to Sea-Intelligence.
The analyst firm has just published the report Global Liner Performance (GLP), which shows shipping companies' ability to arrive on time.
"Either way, we now have a situation where two-thirds of all transpacific vessels arrive more than a day late, and that is not a situation anyone can be satisfied with," writes Sea-Intelligence.
The report shows that shipping companies' service and capacity to deliver containers on time, so-called reliability, is at the lowest level in years on the Pacific routes.
On the key route from Asia to the North American west coast, timeliness has dropped to 38.6 percent, which is the lowest level since 2015, when a strike among dock workers on the US west coast hit container shipping companies hard on timely arrival.
Looking at the route from Asia to the North American east coast, in February it dropped to a historically low level of just 31.5 percent.
This low timeliness is constant across the three big alliances 2M, Ocean Alliance and The Alliance, according to Sea-Intelligence, which notes that it is not possible to see the underlying causes of the low ability of the alliances to arrive on time.
"Carriers would likely argue that since all major carriers seem to be performing equally poorly, the causes must largely be issues outside of their control. There is no real way to prove this, and it could be argued that carriers have just been equally bad a providing realistic schedules with sufficient buffer," writes Sea-Intelligence.
While timeliness dropped on the Pacific routes, global timeliness rose in February to 73.7 percent, which is an improvement of 6.5 percentage points compared to the same month last year.