On August 26, Sea-Intelligence, a well-known consulting firm in the industry, released global on-time performance data for July.
In July 2021, the global on-time rate remained at a low level. Compared with June, it dropped by 3.8 percentage points to 35.6%. If compared with the same period in 2020, it dropped sharply to 39.7%.
Global on-time performance in JulyIn addition, in July 2021, the average delay time of ships continued to increase, increasing by 0.35 days from June to 6.88 days. Since April, the delay time of ships has increased month by month. At the same time, compared with previous years, the delay time of ships in each month of 2021 is the longest.
Average vessel delay time in JulySpecifically for liner companies, according to statistics from Sea-Intelligence, Maersk ranks first among the 14 major liner companies with an on-time rate of 47.3%. Hamburg Süd also has an on-time rate of more than 40%. Companies with on-time rates between 30% and 40% include Mediterranean Shipping Company, Hapag-Lloyd, CMA CGM Group and ZIM. The three Taiwanese liner companies rank relatively low in terms of on-time rate. Yang Ming Marine Transport's on-time rate is 20.8%, Wan Hai Lines' is 16.6%, and Evergreen Marine's is only 16.2%. However, compared with the same period in 2020, the on-time rates of all liner companies have declined by double digits.
On-time performance of liner companies in JulyThe on-time rate and ship delays in August are also not optimistic. Currently, the number of container ships waiting to berth outside the Port of Long Beach has set a record high in a single day. Data shows that on August 26, there were 41 container ships waiting to berth in San Pedro Bay outside the Port of Long Beach, Los Angeles. This number even exceeded the number of ships waiting when local port workers went on strike in 2002 and 2004. "The situation is much more serious now!" Some industry media commented.
Container ship waiting to dock in San Pedro BayAccording to the statistics of the Port of Los Angeles in August, the arriving ship 90% went directly to the anchorage and joined the anchoring team. The current average anchoring time is 7.8 days. Peter Sand, chief shipping economist of BIMCO, analyzed: "Some shippers are already in a low inventory state. They are arranging cargo transportation in advance to ensure the inventory for the upcoming peak sales season. But on the other hand, the density of the port yard is too high, the logistics efficiency is reduced, and the dock workers cannot load and unload containers quickly." According to the data of the US retail industry, the current inventory/sales ratio in the United States is only 1.08, which means that the existing inventory of retail stores can only maintain one month's sales. Therefore, it is expected that the demand for inventory replenishment by US retailers will continue to increase, which is why more and more large US shippers have recently rented container ships at high prices for their own transportation.
The original article was published on the WeChat public account (China Shipping Weekly):The global punctuality rate dropped to 35.6%, and ships were delayed by an average of one week! Record number of container ships lined up at ports of Los Angeles, Long Beach
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