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Global on-time performance of sea vessels continues to be relatively high despite dropping to 52.4% in January 2023
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Schedule reliability reached an all-year high at 56.5% in December 2022 due to lower congestion at ports and decreased shipping demand
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During the past quarter, on-time performance remained relatively stable after it jumped nearly 10% from 45.6% in September to 55.5% in October
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Global monthly average of the delay in the arrival of late vessels increased by 0.3 days in the first month of 2023 compared to last month
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Monthly average delay for all vessels improved year-on-year by almost 27%, moving from 2.6 days to 1.9 days
Global on-time performance of sea vessels continues to be relatively high despite dropping to 52.4% in January 2023. Compared to its year-ago level, schedule reliability improved by 16.8% but dropped 4.1% from the December 2022 level.
According to the latest Seaexplorer analytics report from supply chain solutions provider Kuehne+Nagel, global schedule reliability reached an all-year high at 56.5% in December 2022. Contributing factors to this improvement are lower congestion at ports and decreased shipping demand.
During the last quarter 2022, on-time performance remained relatively stable after it jumped nearly 10% from 45.6% in September to 55.5% in October.
In terms of vessel delays, the global monthly average delay in the arrival of late vessels increased by 0.3 days compared with last month but remained practically the same year-on-year. Late vessels arrived with an average delay of 4.4 days in January 2022, while the average in January this year was recorded at 4.5 days.
However, the monthly average delay for all vessels improved year-on-year by almost 27%, moving from 2.6 days to 1.9 days. Compared with the December 2022 data, however, delays increased by almost half a day.
Of the three major trade lanes, namely, trans-Pacific, trans-Atlantic and Asia-Europe, the Asia-North Europe route recorded the best on-time performance in January. Schedule reliability on this lane reached 49.7%.
Vessels on the trans-Pacific route were the least on schedule, with a reliability of 34.3% in January 2023. This is 42% lower than the previous month’s 42% record.
Ships on the trans-Atlantic improved their on-time performance from 31.7% in December last year to 45.7% in January.
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