SeaIntelMaritimeAnalysis PRESS RELEASE

Developments in schedule reliability in July 2017

COPENHAGEN, Denmark, September 1st, 2017

Global schedule reliability dropped 1.5 percentage points from 77.7% in June to 76.25% in July. OOCL was the most reliable top18 carrier in July with an on-time performance of 85.2%, followed by Evergreen with 84.8%, while Maersk Line and UASC were the least reliable carriers this month, with reliability scores of 75.1% and 75.9% respectively. ICL, UAFL, and WEC Lines were all the top performing niche carriers with a perfect schedule reliability score of 100%.

Out of the top18 carriers, only 11 improved their on-time performance from last month, and the M/M were quite small. PIL improved the most since June, by 3.3 percentage points, while Hamburg Süd saw the biggest decline, of 4.4 percentage points. On a Y/Y, only Evergreen experienced an improvement in schedule reliability, albeit of only 0.8 percentage points.

July was the first time ever for long-term top-performer Maersk Line, to be found at the bottom of the top18 carrier ranking. Maersk Line had a stellar on-time performance in the first 45 months from July 2011 (when we started the on-time benchmark) to March 2015, coming first in 33 of those months, and only dropping out of the top-2 for a single month. The challenge for Maersk Line seems to be seasonal, as they seem to drop in the lower half of the ranking in June-October. It is also likely that the cyber-security incident in late June played a role, as Maersk Line did not update their schedules for several weeks following the incident.

Across the alliances, Ocean Alliance has continued its strong start with further improvements in schedule reliability, reaching 86.2% in July, an improvement of 2.0 percentage points M/M. 2M, which overtook The Alliance last month, continued its upward trend and improved 5.2 percentage points M/M to reach 81.7% in July. The Alliance saw a second consecutive month of declining schedule reliability, recording a decrease of 1.2 percentage points M/M to 74.0% in July.

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74% 76% 78% 80% 82% 84% 86%

OOCLEvergreen

APLHMM

Wan HaiCOSCO

NYKHamburg Sud

CMA CGMHapag Lloyd

ZIMMSC

K LineMOL

Yang MingPIL

UASCMaersk Line

Source: SeaIntel - Global Liner Performance report - Aug 2017

Global Top 18 carrier ranking - July 2017

SeaIntelMaritimeAnalysis For any questions or further information, please contact:

Imaad Asad, Shipping analyst E-mail: ia@seaintel.com Tel: +45 4277 8703 Or Iveta Zvinklyte, Shipping analyst E-mail: iz@seaintel.com Tel: +45 5274 3783 Or Alan Murphy, CEO and Partner at SeaIntel: E-mail: am@seaintel.com Tel: +45 6068 7744 About SeaIntel Maritime Analysis SeaIntel Maritime Analysis is a leading market intelligence provider in the container shipping industry. Our focus is on developing original information and analysis for all container market stakeholders, as well as for individual clients. Information only adds value if it is being actively used. This is why our standard reports and our tailor-made consultancy services are always directly useable by the receiver. Our core belief is that anything can be analysed - and analysed well. Information always exists. However, the solution to a particularly difficult problem often rests in the ability to think out of the box and develop new analytical viewpoints. Doing this is our key strength.