According to Sea-Intelligence, missing vessel capacity escalated in January 2022, with 13.7% of the fleet unavailable.
The capacity absorption data shows that February recorded a slight improvement at 11.6% (see Figure 1).
Schedule reliability for February will likely be worse than what is being reported now.
Sea-Intelligence explains that due to certain cases having protracted average delays, some data will only be captured in next month’s GLP report, leading to retroactive updates to the February data.
Using the monthly adjustments of the past year, the February 2022 capacity absorption is expected to be between 11.7% to 11.8%.
Over the past two months, the North America terminal congestion index has gradually improved, but remains at an elevated level (see Figure 2).
There is a similar trend for the intermodal congestion.
In Europe, there has been no improvement in the past three months in the terminal congestion and there is no indication of improvement in the near future.
On the intermodal side, we do not see as high a level of congestion as in North America, suggesting that the problems in Europe are more heavily focused specifically on terminals.