Cargo on-time rates are dismal: two shipowners have a plan to fix that

Maersk is at the top of rankings for service reliability, but its on-time rates are only around 55%. (Image: iStock)

Mon, 21 Oct 2024

By Costas Paris Two of the world’s biggest shipping companies have a new plan to reduce cargo delivery delays. The answer, they say, is to use bigger ships and cut the number of port calls each ship makes.Shippers have been plagued by vessel diversions from the Red Sea and the Suez Canal since late last year after a series of attacks on commercial vessels by Iran-backed Houthi rebels in Yemen. The longer routes around South Africa have added at least two weeks of sailing time and pushed freight rates higher.Gemini – a...

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