According to Drewry Maritime Research’s latest Schedule Reliability Insight report, Borchard lines was selected as the most highly reliable at ports within Europe
According to Drewry Maritime Research’s latest Schedule Reliability Insight report
Container shipping service reliability has declined for the second successive quarter, in line with decreasing freight rates.
According to Drewry 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.
Simon Heaney, editor of Schedule Reliability Insight noted in presenting the report that the most reliable carrier was UK-based Borchard Lines, which achieved a 100% on-time record on its seven intra-Europe services. It was followed by Alianca, Horizon Lines, Jakarta Lloyd, Matson and US Lines.
Borchard lines was selected as the most highly reliable with 100% of its calls arriving on time at ports within Europe.
Mr. Gal Toren director general of Lucy Borchard Shipping ltd. which acts as the Israel agent for Borchard Lines Ltd. said that the outstanding achievement was reached despite difficulties encountered due to strikes, weather conditions and fierce competition.
Reliability of transpacific services fell from 64% in Q4 last year to 55% in Q1 this year. In comparison, Asia-Europe/Mediterranean services dropped one percentage point to 49%, while transatlantic services went from 55% to 52%.
The decline in service reliability during the first quarter of 2011 mirrors the sharp fall in freight rates that lines have had to endure. The synchronisation of freight rates with reliability is something that has been evident since the first quarter of last year.
Having led the major carriers in 10 of the previous 11 quarters, Maersk Line ceded top spot this time around to CSAV. The Chilean carrier managed to improve its on-time percentage sharply to 69.1%, up from 45.5% in 4Q10. Maersk’s on-time average slipped from 70.2% to 66.4%, although this was still good enough for third place in the Top 20 rankings.
