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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

Average delay improved once again, dropping by another -0.31 days M/M to 5.56 days In October.

The Y/Y laden inbound growth in Q32022 was between 4-11%, and annualised growth was between 7-10%: Sea-Intelligence

There have been 34 additional blank sailings announced on Asia-NAWC and 16 on Asia-NAEC

Non-alliance carriers managed to triple market share from around 5% to around 15% during the peak of the market.

With schedule reliability of 53.2%, Maersk was the most reliable carrier in September.

On Transpacific, utilisation dropped below 90% for much of 2022, becoming a catalyst for the freight rate decline.

Even with 26-31% capacity reduction on Transpacific & 19-27% on Asia-Europe, rates continue to fall: Sea-Intelligence

Physical shortage of capacity that drove freight rates up is no longer an issue.

Maersk was the most reliable carrier in August with a schedule reliability of 53%.

Peak reduction following Golden Week was 15-17% in 2019, and average of 9-11% in 2014-2018.