Container shipping service reliability has declined for the second successive quarter, in line with decreasing freight rates.
According to Drewry Maritime Research’s latest Schedule Reliability Insight report, the proportion of the 2,972 vessel calls arriving on time at ports around the world in Q1 dropped to 51%, down from 55% in Q4 2010.
Despite showing the biggest decrease, the transpacific trade remained the most reliable of the three major east-west routes.
“The decline in service reliability during the first quarter of 2011 mirrors the sharp fall in freight rates that lines have had to endure,” said Drewry.