🌍Ready to Explore Carriers' Schedule Reliability? Dive into Maritime Analytica Insight - 57

Jun 30, 2024

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Route Changes: Attacks in Bab al-Mandab add over 6,500km to routes.
Widespread Delays: Congestion impacts industries like fashion, delaying brands like Zara and Adidas.
Panama Canal Drought: Severe drought reduces ship transits, causing queues.
Higher Costs and Emissions: Rerouting doubles costs and increases emissions by 70%.
Adaptation Efforts: Companies like PSA Singapore boost resources to handle delays.

18-Month High: Shipping costs hit $3,949 per container on the Shanghai-Europe route.
Red Sea Crisis: Houthi attacks disrupt shipping, raising costs.
Inflation Risk: Higher shipping costs could raise inflation from its current 2.3%.
Consumer Impact: Increased costs for importers may lead to higher prices in UK stores.

Maersk: Maintains top spot since 2021 Q3, with -2.3 days delay and 36% on-time performance.
Zim: Jumps to 2nd from 9th in 2023 Q4, with -2.4 days delay and 33% on-time performance.
CMA CGM: Drops to 4th place with -2.7 days delay and 30% on-time performance.
Cosco: Falls to 6th place.
Hapag-Lloyd: Falls to 9th with -3.6 days delay and 27% on-time performance, marking its lowest rank since 2020 Q4 – 2021 Q1.