PRESS ROOM

With a comprehensive network of international container shipping services, including LCL and FCL import and export operations, the U-Freight Group notes a report by maritime consultancy Sea-Intelligence of noticeable improvements across all metrics of schedule reliability and average delay on a global, carrier, carrier alliance, and trade lane level in the first quarter of 2023.

 

It says this continues a trend that it saw for most of 2022 as well, with the metrics now closer to the pre-pandemic levels than to the below-par service levels of the pandemic-impacted years.

 

On a global level, schedule reliability increased to 58.3%, translating to a 3.4% increase quarter on quarter, and a 24.9% improvement year on year.

 

In a similar vein, the average delay for all vessel arrivals improved to 1.70 days, dropping by 2.88 days year on year, while the average delay for late vessel arrivals improved to 5.23 days, a notable reduction of 2.43 days from the previous year's levels.

 

Maersk was the most reliable carrier in the first quarter of 2023 with schedule reliability of 63.6%, with MSC the only other carrier with schedule reliability higher than 60%.

 

Additionally, 11 of the 12 remaining shipping lines were within 50%-60%, with Yang Ming the only exception with a schedule reliability of 49.9%.

 

The three carrier alliances also recorded sharp Y/Y improvements in schedule reliability, although only 2M and Ocean Alliance outperformed the industry on the East/West alliance trades, but that too by under 2 percentage points. THE Alliance, on the other hand, underperformed the industry by a significant -12.1 percentage points.

 

Alan Murphy, CEO of Sea-Intelligence, commented, "All of the six major East/West trades recorded double-digit year-on-year improvements in schedule reliability, although all of them underperformed compared to the global industry average."

 

You can find more information about the U-Freight Group’s ocean freight services by visiting the relevant pages of this website or speaking to your usual contact in our company.