Overall container line schedule reliability dropped to 35.8% in 2021, according to analysts Sea-Intelligence. however, the picture was considerably worse on the main east-west trades, with niche trades bolstering the overall reliability percentage.
In attempt to see how long it would take schedule reliability to return to normal Sea-Intel drew a comparison with the labour dispute at US West Coast ports in early 2015 which led to severe disruption.
Container line schedule reliability on the Asia – North America West Coast trade in February 2015 stood at 12.6%, only very slightly above the 10.1% seen today. The labour dispute in 2015 was resolved on 20 February that year and it took eight – nine months to return to its baseline number.
However, vessel delays are considerably worse now at an average 15.07 days compared to 11.88 days in February 2015.
“Compared to a pre-pandemic baseline of 2017-2019, the excess delay in December 2021 versus the pre-pandemic baseline was 11.54 days, versus 8.73 days in February 2015 compared to the pre-labour dispute baseline. As the 2015 problem was resolved in 6-7 months, this means an average reduction in excess delay of 1.25-1.46 days per month,” said Alan Murphy CEO of Sea-Intel.
“If the current port and hinterland system manages the same speed of recovery this time, the delays also suggest that resolution would take 8-9 months,” he added.
The bad news is though there is no sign that the industry has started on this path of recovery as yet.
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