Ocean carrier reliability improved 1.7% in April to 64.2%, up 29.9% YoY, according to Sea-Intelligence’s Global Liner Performance report. While reliability has improved from historic lows, the strength of the improvement has weakened with each subsequent month, according to the performance report. The average delay for late vessel arrivals was at about 4.34 days compared to 6.41 days in April 2022.
“Overall, the conclusion has to be that the global market on average has normalized,” Lars Jensen CEO and Partner at Vespucci Maritime said in a LinkedIn post. “Not with a stellar performance at just below two thirds of vessels being on-time, but this is unfortunately a level which can be said to be at the low end of the range that defines normal performance in the industry.”
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