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Container line reliability improves as Red Sea rerouting becomes the new normal
The new normal felicitates carrier schedule reliability as rerouting to avoid Houthi rebel attacks proves a good substitute.
Dr.G.R.Balakrishnan Apr 08 2024 Shipping News

Container line reliability improves as Red Sea rerouting becomes the new normal

Carrier schedule reliability improved in February as the situation with rerouting from the Red Sea to avoid Houthi rebel attacks normalised. Analysts Sea-Intelligence has  reported an improvement in global schedule reliability for container lines in February 2024 up 1.7 percentage points from January to 53.3%.

“After a tumultuous few weeks in the wake of the Red Sea crisis, some form of stability has ensued, with the round-Africa routings now normalising,” commented Alan Murphy CEO of Sea-Intelligence.  Yet, the situation in the Red Sea meant that reliability was 6.9 percentage points lower the same month in 2023.

In Feb ‘24, Hapag-Lloyd was the most reliable carrier amongst top 13 lines. Lowest among the top tier carriers was Pacific International Lines (PIL) with a score of 45.3%.