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Containership delays reach 51% in 2024, echoing pandemic-era disruptions
Posted on November 5, 2024 |
The average delay for containerships increased to 51.4% in 2024, the highest since the pandemic and a surge in container volumes.
Shipping companies stabilized schedule reliability between 50% and 55% in 2024, but it has slightly declined since reaching a peak in May.
The industry saw a 1.2 percentage point drop in schedule reliability in September, hitting its lowest point in 24 months.
In 2021, only one in three ships were on schedule, but the industry improved to over 50% in October 2022 and peaked at 64% in mid-2023 before declining again.
In 2019, before the pandemic, containerships had an 80% schedule reliability, which is significantly lower now due to disruptions in the Red Sea.
Maersk holds the top spot in schedule reliability with 55.5% in September 2024, down from 70% a year earlier.
All major carriers show a year-over-year decline in reliability, averaging 47% in September 2024 compared to 60% in September 2023.
The average delay for late vessel arrivals reached 5.67 days in September 2024, an increase of 0.21 days from the previous month and half a day higher than the average in 2023.