OOCL Most Reliable Carrier in Q3

Port of Felixstowe In the third quarter of 2017 Hong Kong-based container shipping company Orient Overseas Container Line (OOCL) was the most reliable carrier with a schedule reliability score of 83.3%. Evergreen and Wan Hai were the second most reliable carriers scoring 82.5% each, followed by APL and HMM with 82.3% and 82.0%, respectively, according to the data provided by SeaIntel. During the quarter, 11 of the top-18 carriers saw a quarter-on-quarter improvement in their reliability scores, while the scores declined for 6 carriers, albeit by small margins, and Hapag Lloyd recorded no change from Q2, 2017. No carriers saw a positive year-on-year change in schedule reliability with the biggest year-on-year decreases recorded by MOL, UASC and K Line, with drops of 15.1, 14.4, and 13.8 percentage points, respectively. On-time performance was based on 38,595 separate vessels arrivals, SeaIntel said. Schedule reliability in Asia-USWC improved by 4.3 percentage points Q/Q, reaching 80.8% in Q3, 2017, recording a Y/Y decline of 7.6 percentage points. Niche carrier Matson recorded schedule reliability of 100%, followed by ZIM and HMM with 97.3% and 91.4%, respectively. In Asia-USEC on-time performance decreased from 72.4% in Q2 to 70.4% in Q3, deteriorating significantly by 16.9 percentage points on a Y/Y level. During the quarter, Evergreen, CMA CGM, COSCO, and APL were the most reliable carriers on this trade lane with reliability scores of 83.2% each. On-time performance in Asia-North Europe continued improving, increasing by 2.4 percentage points in Q3 to 77.5%, bringing it closer to the on-time performance of 80.6% recorded in the same quarter in 2016. The most reliable carriers were OOCL, Evergreen, and APL, all with a score of 87.7%. In Q3, schedule reliability in Asia-Mediterranean increased to 77.2%, which corresponds to a Q/Q increase of 5.1 percentage points, 5.7 percentage points below 82.8% recorded in Q3, 2016. ZIM was the most reliable carrier on this trade lane with schedule reliability score of 85.6%, followed by Maersk Line with 84.3%. Global schedule reliability improved marginally by 0.2 percentage points from 74.5% in Q2 to 74.7% in Q3. On a year-on-year level, schedule reliability recorded in Q3 was 10.6 percentage points lower than last year.