Date: Thursday, November 5, 2020
Source: Seatrade Maritime News
“Coronavirus and the resulting pandemic was at its peak in the 2020-Q2, and schedule reliability was not negatively impacted. At that time, we gave one possible explanation that carriers were finding it easier to manage the schedule integrity of a fewer number of vessels per service string, and that if this is indeed the case, schedule reliability will drop once carriers start ramping up capacity,” Murphy explained.
Sea-Intelligence noted that Germany’s Hamburg Sud has proved to be the most reliable carrier, recording 76.5% schedule reliability in Q3, while Singapore’s Pacific International Lines (PIL) was the only carrier to see under 50% at 49%.
At present during the fourth quarter, capacity is forecast to remain high especially on the transpacific route as the market is experiencing pent-up demand encouraging carriers to not only reinstate blanked sailings but also to deploy extra loaders.