Carriers's reliability dives back down

The shipping companies' reliability is headed toward a two-year low. Worrying development, says Simon Heaney, research manager at Drewry.

The container ships' reliability across the board has now decreased to below 70 percent for the first time since early 2012, says Drewry in its latest quarter analysis. Weaker performance on Asia-Europe and the Middle East-India gets most of the blame for the 1.4 percent decline in reliability, or KPI (Key Performance Indicator) from the second quarter, down to a total of 69.5 percent.

This marks the third quarter in a row with declining carrier reliability, and the level is now at the lowest point since the 3rd quarter 2011, where KPI was registered at a mere 61.1 percent. And according to Simon Heaney, research manager at Drewry, the prospects are not looking too good.

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