What Are the Chances of Your Shipment Being Rescheduled?
Global container shipping pressures remain acute with shippers and carriers impacted by ongoing delays, congestion costs, and capacity shortages.
The Chicago-based supply chain data provider Project44 reports volatility and under capacity are becoming the new normal for the container shipping industry.
The number of containers missing their booking continues to be on the rise according to project44. They now calculate this as the ‘rollover rate” — which has become atypical of the congested supply chain.
Project44 reported that, in April, on average four out of every ten containers (39%) missed their CMA CGM showed the highest proportion of rolled containers last month, 56% of shipments, compared with 49% in April 2020.
Their Asia-Oceania subsidiary, Australian National Line (ANL), saw 54% of containers rolled, a 30% year on-year increase. 2M partners MSC and Maersk were the best performers, with 28% and 34% of containers rolled, respectively.
CMA CGM’s Ocean Alliance partners, Evergreen and Cosco, posted rollover rates of 47% and 44% respectively, and THE Alliance partners Hapag-Lloyd and ONE had rollover rates of 51% and 53%, respectively.
At the same time, rollover rates climb at some of the largest transhipment ports which are enduring “endemic congestion”. At Malaysia’s Port Klang rollover rates increased 7% year on year to reach 64%, with nearly two of every three boxes handled missed their intended sailing.
Cosco’s hub port of Piraeus saw 59% of containers rolled over, and Rotterdam, 54% but this is considered to be partly the effect of the week-long Suez Canal blockage. Dubai, which bucked the trend with a 7% year-on-year improvement.
“Other global ports and carriers reported similar numbers showing that abysmal performance now seems to be the industry norm,” said Project44.
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