Subscribe to our free, weekly email newsletter!


Losing steam?


May 19, 2010

More ships arrived at their destination ports behind schedule last year, according to the latest Container Shipper Insight report issued in April from Drewry Shipping Consultants. According to Drewry, of the nearly 1,600 ships tracked in the last three months of 2009, only 53 percent arrived either on the scheduled day of arrival or a day prior. That was down 7 percentage points from the reliability rate in the first three quarters of 2009 and fell below the historic average, which now stands at 55 percent. Drewry added that the increase in unreliability coincides with an increase in the practice of slow steaming. “These results are especially disappointing as we had expected reliability to improve as a consequence of more slow-steaming, which should in theory help matters by creating a buffer in the schedule,” said Simon Heaney, editor of Freight Shipper Insight and Schedule Reliability Insight. “It seems that carriers are not prepared to put their foot down if they fall behind schedule,” he said.

Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Report highlights executives' focus on direct store delivery processes.

UPS today released first quarter 2014 results, noting that fierce storms early in the year hurt their earnings.

Over $2 billion dollars in carrier overcharges go uncollected each year as shippers do not have the time or resources to collect refunds.

Last year at this time, retailers were relieved to learn that a tentative agreement on a new labor contract had been reached by dockside labor and management on the U.S. East and Gulf coasts. But not without considerable blood on the floor.

The National Retail Federation is encouraging maritime management and the union representing dockworkers along the U.S. West Coast ports to expedite pending contract negotiations and reach agreement on a new deal well in advance of the expiration of the current contract this summer.

Article Topics

Features · Management Update · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA