Shippers will consider longer contracts as reliability improves, but want more trust
With container lines now hitting greater levels of schedule reliability than for some time, shippers ...
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
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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