Freight News: Week of January 31st, 2024

Ocean Carriers Schedule Reliability in December

On the Asia-Europe trade lane in December, ocean carriers on-time performance dropped to levels that haven’t been seen since October 2022.

Schedule reliability on the Asia-North Europe trade lane in December fell 9.2 percentage points from November, per Sea-Intelligence Maritime Analysis data.

Above is a graph that shows the ebbs and flows of global schedule reliability from 2018 to the end of 2023, per Sea-Intelligence data. 

 

Some Ocean Carriers Adapting Services Due to Red Sea Challenges

MSC sent out a customer advisory last week saying, “rotations will be changed, and vessels will be added to limit the disruption on sailing schedules of the rerouting via the Cape [of Good Hope].”

MSC also noted that they will not be transmitting through the Suez Canal eastbound or westbound, until the “Red Sea passage is safe again.”

Maersk is also making some changes to services. They stated in an advisory to customers last Friday, that due to volatility around the Red Sea-Gulf of Aden, their Asia-U.S. East Coast service was going to be rerouted around the Cape of Good Hope.

“We are making these changes to preserve weekly departures for our services with the goal of offering more predictability, reliability, and consistency, despite the associated delays that come with the current re-routings,” Maersk said in a statement.

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