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Schedule reliability improves in February as Africa routings stabilise

Latest Liner Shipping Connectivity Index data from UNCTAD shows continuous decline in connectivity for Hong Kong

ZIM, Yang Ming and Wan Hai recorded EBIT losses in FY2023; four shipping lines had EBIT of over $1bn

Spot rates from Far East into the U.S. have softened since last round of GRIs were implemented at the start of February

Europe-Indian Subcontinent trade is by far the most impacted; trade between Far East and North America least impacted

With 71.3% schedule reliability in September, Maersk and Hamburg Süd were the most reliable top-14 carriers

Blanked capacity on Asia-North Europe is now at 19.9%, which is higher than the 2017-2019 period.

Maersk was the most reliable carrier in January with 58.3% followed by MSC with 57.7%

Capacity controlled by an increase in blank sailings to 35.8%

When annualised against 2019, volume growth on NAWC saw contraction in Sept 2022 & the trend continued into Oct and Nov

MSC, Maersk only carriers with schedule reliability above 60%

With shipping lines sitting on piles of cash, there may be another price war: Sea-Intelligence