OOCL tops ocean carrier reliability chart, with Yang Ming taking wooden spoon
Hong Kong container shipping line OOCL has been named as the most reliable carrier by SeaIntel ...
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
Severe congestion maybe the excuse, but container line reliability fell in December for the second month in a row and recorded the worst on-time performance since last August. The aggregate performance for the three main trades dropped to 58% in the last month of the year. The worst lane was the transatlantic, which slumped to 46.3%. Maersk bucked the trend with a three-month average of 80%, followed by Hamburg Sud (75%) and Cosco (70%), while MSC showed off its new colours by rising 9 points to 61%. According to Drewry, the industry could see better results soon as slow winter demand and cheaper fuel prices may help box lines to catch up.
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