Press Releases
Drewry Launches Carrier Performance Insight Reporting Tool Powered by CargoSmart
Maersk & Hamburg Sud lead Drewry’s new carrier reliability rankings

December 9, 2014 - Maersk Line and Hamburg Sud are ranked as the two most reliable container shipping carriers, according to performance rankings published in the new online version of the Carrier Performance Insight (http://cpi.drewry.co.uk) published by shipping consultancy Drewry.

Maersk Line and Hamburg Süd were by far the most reliable carriers in the three months to October 2014 with overall on-time performances of 80.4% and 78.5% respectively. The next best performing carrier was Cosco at 69.9%, with its CKYHE Alliance partners, Evergreen, K Line, Hanjin Shipping and Yang Ming, not too far behind in that order.

Drewry has developed the new online version of its Carrier Performance Insight in collaboration with shipment management software solutions provider CargoSmart, using Automatic Identification System (AIS) data to measure on-time port arrivals against schedules on 350 different port pair combinations. The service provides carrier performance benchmarking on a port-to-port, trade lane, service and industry-wide basis, and is updated every month.

Industry-wide containership reliability improved gradually in the three month period to October. The latest data shows that aggregate on-time performance for the Asia-Europe, Transpacific and Transatlantic trades improved to 64% in October, up from 63% in September and 55% in August.

Aggregate Schedule Reliability of Top 20 Container Carriers

Source: Drewry’s Carrier Performance Insight (http://cpi.drewry.co.uk)

“It is a positive to see reliability improving, but the industry’s on-time performance is still unacceptably low for many shippers,” said Simon Heaney, senior manager of supply chain research at Drewry.

Despite the steady monthly improvement, the rolling three-month performance (August-October) was lower than for the previous three months at 60.6% versus 61.1%. The average deviation between the scheduled day of arrival (ETA) and actual day of arrival (ATA) remained at 1.1 day for the same period.

The Asia-Europe trade was the least reliable during August-October with only 58% of ships arriving on-time, compared to 62% in the Transpacific and 77% in the Transatlantic.

Looking ahead, the recent drop in fuel prices could have some positive influence on reliability. Heaney elaborated: “Lower fuel costs won’t immediately see containerships running at their design speeds. But at the very least carriers should now be more willing to speed up if they fall behind schedule.”

Drewry is offering FREE trial access to the new online version of its Carrier Performance Insight at http://cpi.drewry.co.uk until 31st January 2015.

About Drewry
Drewry is an international firm of shipping consultants that provides advice and research to maritime industry stakeholders. It provides these services via four established business units: Drewry Maritime Advisors provides advice to shipping and financial institutions; Drewry Supply Chain Advisors provides advice to retailers and manufacturers; Drewry Maritime Research publishes research on shipping markets; and Drewry Maritime Equity Research provides equity research on selected shipping companies.

Drewry has over 40 years’ experience in the maritime sector, employing over 100 specialists across an international network of offices in London, Delhi, Singapore and Shanghai.

Drewry empowers its clients with the necessary information and knowledge to make informed business decisions. The company is renowned for the quality of its work, with analysis that brings clarity to complex markets and enables clients to get ahead of the competition.

About CargoSmart
CargoSmart Limited provides global shipment management software solutions that enable shippers, consignees, logistics service providers, NVOCCs, and ocean carriers to improve planning and on-time deliveries. Connected to over 30 ocean carriers, CargoSmart leverages big data sources and a cloud-based platform to offer award-winning sailing schedules, visibility, documentation, contract management, compliance, and benchmarking solutions. Launched in 2000, CargoSmart helps over 130,000 transportation and logistics professionals to increase delivery reliability, lower transportation costs, and streamline operations. For more information, please visit www.cargosmart.com.