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.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
DSV grows markedly in Latin America – from 30 to thousands of employees in 13 years
In 13 years, DSV has expanded vigorously in Latin America, and last year the region represented the highest growth rates in the logistics firm’s air and sea business. Large acquisitions have given access to new markets, says regional head in an interview with ShippingWatch.
Decline in spot rates may put pressure on carriers' contract earnings
Diving spot rates on container freight mean that more shippers are expected to want to leave the more costly long contracts, according to analysts. This may hit carriers such as Maersk, where seven out of ten are on contract. Futures indicate rate decline as well.
Maersk Broker sees stagnating sales of container, dry bulk ships
After an extreme year in both the container and dry bulk segments, which have seen several ship sales, trading is now stagnating somewhat. ”There are fewer buyers, but optimism isn’t gone,” Maersk Broker executive tells ShippingWatch.
A pair of Nikes will see marginal price increase from greener shipping
The price of usual consumer goods such as shoes and fridges will remain largely unchanged following the green transformation of shipping, concludes analysis by NGO Transport & Environment.
KPI Oceanconnect increased Asia volumes markedly last year
Bunker market uncertainty made its mark on KPI Oceanconnect’s business in 2021/2022, but the Bunker Holding subsidiary reports marked volume increases in Hong Kong and China.
Safety Leadership & Transformation Manager 
Accountant Assistant - Creditor & Payment Team 
Senior Legal Counsel with a focus on Offshore Renewables 
Head of Vessel Operations 
Senior Sales Manager 
Crewing officer 
Head of Airfreight