Less than a quarter of global vessels arrive on-time and Gemini’s lead disappears on Asian trades
A note on methodology. Figures in this month’s edition use data pulled on 9 November and differ from our Outlook pulled on 26 October. Later October arrivals change some on-time figures by 1-2 percentage points. Global on-time arrivals are now at 24%, a lower reading than the 25% in late October. Far East to Europe also shifted slightly to 7% from 5% on-time, due to an increase in on-time arrivals in the final week of the month.
Less than a quarter of global vessels arrive on-time and Gemini’s lead disappears on Asian trades
Global on-time arrivals declined for a fifth consecutive month to 24% in October, 3pp below September and now at their lowest monthly average since July 2022. Average delay picked up another 0.4 days, now at +6.4 days across all arrivals. The pace of the fall picked up some speed against the 2pp decline from August to September, and reversing this trend will be an uphill battle. (....)