The third quarter Drewry port on schedule reliability points to industry-wide improvements with Maersk Line achieving the best ever at 82.9 percent on-time reliability, reported Manila Bulletin.
The latest Drewry quarterly report shows that more container ships are arriving on time. In the third quarter of 2011, on-time deliveries rose to 63 percent of the total, up from 55 percent.
Maersk Line retained its prime position as the most reliable of the top 20 carriers across all the trades. In the third quarter, Maersk even achieved its best ever on-time reliability percentage of 82.9 percent, up from 75 percent in the second quarter.
APL took second place with an overall on-time reliability percentage of 77.8 percent, while its New World Alliance partner Hyundai Merchant Marine came third with 73.5 percent.
Increased punctuality along the main East-West trade routes was a major factor behind the industry-wide reliability improvement. However, it is likely that many carriers have focused on these improvements during a period of faltering demand and rates just to keep their customers.
The report noted that other shipping lines are also beginning to recognise on- time delivery as a differentiator and are becoming more committed to schedule reliability.
A large part of the Drewry report executive summary was dedicated to Daily Maersk.
Jean-Louis Cambon of Michelin, chair of the European Shippers' Council's Maritime Transport Council said: “Daily Maersk introduces differentiation in the basket of services on offer, a long-standing demand from shippers, based on the concrete evidence that not all shipments have the same service and costs requirements.
“Second, it recognises that uncertainty in schedules is the mother of all evils as it generates ‘belt and braces' safety stocks at destination. Cutting the number of days where money sits tied up in inventory is an objective universally shared by shippers.’’
The latest Drewry quarterly report shows that more container ships are arriving on time. In the third quarter of 2011, on-time deliveries rose to 63 percent of the total, up from 55 percent.
Maersk Line retained its prime position as the most reliable of the top 20 carriers across all the trades. In the third quarter, Maersk even achieved its best ever on-time reliability percentage of 82.9 percent, up from 75 percent in the second quarter.
APL took second place with an overall on-time reliability percentage of 77.8 percent, while its New World Alliance partner Hyundai Merchant Marine came third with 73.5 percent.
Increased punctuality along the main East-West trade routes was a major factor behind the industry-wide reliability improvement. However, it is likely that many carriers have focused on these improvements during a period of faltering demand and rates just to keep their customers.
The report noted that other shipping lines are also beginning to recognise on- time delivery as a differentiator and are becoming more committed to schedule reliability.
A large part of the Drewry report executive summary was dedicated to Daily Maersk.
Jean-Louis Cambon of Michelin, chair of the European Shippers' Council's Maritime Transport Council said: “Daily Maersk introduces differentiation in the basket of services on offer, a long-standing demand from shippers, based on the concrete evidence that not all shipments have the same service and costs requirements.
“Second, it recognises that uncertainty in schedules is the mother of all evils as it generates ‘belt and braces' safety stocks at destination. Cutting the number of days where money sits tied up in inventory is an objective universally shared by shippers.’’