Israel’s cargo shipping company ZIM Integrated Shipping Services Ltd. was the most reliable carrier during the second quarter of 2016, followed by Japanese counterpart Mitsui O.S.K. Lines (MOL) and German-based Hamburg Süd Group, according to the Global Liner Performance Report by SeaIntel Maritime Analysis.
Namely, ZIM was at the top with a global on-time performance of 87.8%, while MOL and Hamburg Süd saw their performance reach 87.3% and 87.1%, respectively.
The report stated that global schedule reliability in the second quarter increased to 85% from 78.7% seen in the previous quarter, improving 8.5 percentage points on a Y/Y level.
All top-20 carriers recorded an increase in schedule reliability over the first quarter of the year, with South Korea’s Hyundai Merchant Marine (HMM) and Singapore-based APL showing the biggest increases of 8.1 and 7.6 percentage points to 85% and 85.8%, respectively.
Additionally, the largest Y/Y increases in schedule reliability were seen from Mediterranean Shipping Company (MSC), ZIM and Taiwanese Yang Ming.
The report also shows that the Asia-Unites States West Coast trade lane showed an improvement of 12.1 percentage points from the previous quarter, while the trade lane experienced a surge of 21.4 percentage points on a Y/Y level.
Schedule reliability in the Asia-US East Coast trade lane increased by 11 percentage points, and by 7.7 percentage points for the respective periods.
The Asia-North Europe trade lane reliability reached 81.8% in the second quarter, while the Asia-Mediterranean trade lane quarterly schedule reliability stood at 85.9% .
Source: WorldMaritimeNews