Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.
Evergreen wraps up 2023 as the shipping industry leader

Evergreen wraps up 2023 as the shipping industry leader

Posted on February 5, 2024   |  

Global schedule reliability experienced a notable drop of 5.0% in December 2023 to 56.8%, primarily due to heightened tensions in the Red Sea.

December 2023 marked the second-lowest schedule reliability of the year, with a modest 0.4% increase compared to the same month in 2022.

The round-of-Africa sailings led to a decline in average delays for late vessel arrivals, increasing by 0.30 days month-over-month to 5.35 days.

Among the top 13 carriers, Evergreen ranked as the most reliable in December 2023, boasting schedule reliability of 63.6%, followed closely by CMA CGM, the only other carrier exceeding the 60% mark.

Six carriers maintained schedule dependability within the 50-60% range, while the remaining five carriers fell into the 40-50% schedule reliability range, with Yang Ming having the lowest at 45.6% in December 2023.

None of the top 13 carriers showed improvement in schedule reliability on a month-over-month basis due to increasing transit durations across Africa, and only four carriers exhibited improvement year-over-year.



Previous Next