Carriers’ Service Reliability at Six-Month High in May

Image Courtesy: OOCL

Ocean carriers achieved a six-month high for liner service reliability in May, according to data provided by Drewry’s Carrier Performance Insight.

The most reliable carrier in May was Hong Kong-based Orient Overseas Container Line (OOCL), which had an on-time average of 81.1%, very closely followed by Taiwan’s shipping company Wan Hai with 81.01% and Evergreen with 80.3%.

The on-time average of 76.0% for the 10 trades covered was a 4.1 point improvement on April, representing the third straight month-on-month rise.

Along with the better on-time performance, there was also an improvement for the average deviation from the expected arrival at port, which came down from 0.9 days in April to 0.8 days in May, the lowest it has been since December 2015.

Eight of the ten routes covered recorded month-on-month increases in May, the exceptions being Asia-Africa, down by 11.9 points to 772.5%, and Asia-South America that dropped by 1.5 points to 75.7%, Drewry said.

The biggest improvement was seen in the Transpacific, which rose by 9.8 points to 76.3%, the best since September of last year.

A further sign of the universal attempt by carriers to improve reliability was the fact that the spread between the most and least reliable carrier was below 11 points as all lines scored above 70%.

“Service reliability is on a steadily improving path and is close to the heights reached in the second-half of 2015. We expect the trend to continue through the next few months as carriers put reliability close to the top of their marketing,” said Simon Heaney, senior manager of supply chain research at Drewry.

The ten trades include Asia-Europe, Transatlantic, Asia-Africa, Asia-South America, Transpacific, Asia-South Asia, Europe-Middle East, Asia-Oceania, Asia-Middle East, and Europe-South America.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Mar 2017 >>
MTWTFSS
27 28 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

INMEX Vietnam 2017

The event is an exceptional meeting point for the global maritime community in Vietnam, a region where the industry remains buoyant and strong…

read more >

14th Annual Green Ship Technology

4 concurrent streams focussing on innovation in ship design, energy management, emissions reduction & discharges to sea
Cargo owners’ response to increased pressure for a sustainable logistics chain…

read more >

14th International Maritime Exhibition & Conference

14th EXPOSHIPPING EXPOMARITT Istanbul International Maritime Exhibition will be organized with the support of Turkish Ministry of Economy…

read more >

Ferries Asia Summit

Propelling Regional Waterway Connectivity & Fleet-wide Operational Excellence

Ferry travel is in the limelight. The potential for driving tourism growth is immense – and for archipelago nations battling with urban congestion, ferry services pose a clean, efficient alternative in everyday public transport. But high-profile ferry accidents have brought ever greater attention to safety regulations for Asia’s maritime travel industry.

Amid these circumstances, how can vessel operators cope with ever-tightening safety requirements, while making the right decisions at the right time to capture rising demand? What are the smartest ways to improve service reliability and fleet quality, that maximize operating and capital spend? What are the industry’s best-practices for sustainable growth, and how can they be achieved?

Play your part! Join us at the Ferries Asia Summit 2017 to push forward the regional debate on making Asia’s ferry industry more progressive, safe, and commercially sustainable. Bringing together fast-ferry, RO-RO and ROPAX vessel owners along with international and domestic maritime regulators, classification agencies, shipbuilders and naval architects, this event connects the entire value chain for a meaningful holistic debate on ferry operations excellence in Asia.

WHAT’S ON THE AGENDA THIS YEAR?

Comprehensive debates on addressing the complexity of ferry safety in Asia: Is vessel age truly the greatest concern? How significant are other factors, and how can they be addressed?

Pathways to change through greater public-private collaboration

Contrasting viewpoints on the most effective ways to enhance operational stability & passenger management

Cost-efficient O&M strategies to extend vessel life & tips for stakeholder management to avoid purchasing mistakes

Integrating ferry business with tourism opportunities through strategic partnerships

Exciting formats including speed networking, panel discussions & a high-intensity fast-pitch ‘Shark Tank’!

For more information, click here to download the brochure.
If you would like to attend the event, register here before 3rd February to save USD 400.
Alternatively, email us at enquiry@iqpc.com.sg 
for any enquiries regarding the event.

More info

read more >