 | What is it?
An interactive online database providing current and historical market-based container freight rates, for multiple trade routes and port pairs, based on averages of rates paid by freight forwarders to ocean carriers.
What sort of container freight rates are provided?
· Bi-monthly port-to-port and region-to-region rate benchmarks as US dollar-based averages of all-inclusive container freight rates between specific port pairs or sub-region pairs (for example, South China to US East Coast); rate benchmarks for 700 “port pairs” or “sub-region pairs” are provided.
· Bi-monthly aggregate rate indices as US dollar-based weighted averages of multiple container freight rate benchmarks, namely:
- Drewry Global Freight Rate Index (excluding intra-Asia),
- Drewry Regional Freight Rate Index for Imports to the USA,
- Drewry Regional Freight Rate Index for Exports from the USA,
- Drewry Regional Freight Rate Index for Imports to Europe,
- Drewry Regional Freight Rate Index for Exports from Europe
- Drewry Intra-Asia Freight Rate Index
· Weekly transpacific port-to-port and port-to-inland rate benchmarks for the transpacific eastbound (Hong Kong-LA, Hong Kong-New York, Hong Kong-Chicago, Shanghai-LA, Shanghai-New York, Shanghai-Chicago) as US dollar-based Full Container Load and Less-than Container Load averages.
See http://www.drewry.co.uk/publications (select Insights, Container Freight Rate Insight) for details
What can users access via the database?
Users can do two things:
- obtain the region-to-region or port-to-port freight rate benchmarks for a particular origin/destination destination over a particular period.
- download the updated weekly rate benchmarks (current and historical) for the transpacific.
What makes it so unique?
- uniquely contains up-to-date container market freight rate data, research and expert analysis, which can be used for cost benchmarking
- covers more routes than any other source of container freight rates
- a well-established, reputable source, whose selective benchmarks are published in the Journal of Commerce and Lloyd’s List
- has historical data going back to January 2006
Who could benefit from using the rate benchmarks?
For shippers, importers and exporters, the Container Freight Rate Insight will provide rates that are actually being paid by other companies on the same route. While Drewry cannot disclose specific company information for confidentiality reasons, the rate information will provide an insight into how well your company is doing negotiating freight rates. The publication also provides informed analysis and a view on the short-term outlook for freight rates. This publication does not include container freight rate forecasts, which are separately available under Drewry’s single-client consultancy services.
For freight forwarders, the Container Freight Rate Insight will you to help your negotiation with your clients on rate amendments by providing independent evidence of changes (increases or decreases) in market rates.
For carriers, the Container Freight Rate Insight will enable you to benchmark your average rates on specific port pairs against the latest forwarder market freight rates. These cover business with multiple carriers and are indicative of average market rates. The benchmarks will also provide market intelligence for studies on new routes or ports.
For financial analysts and market analysts, the Container Freight Rate Insight and the Drewry freight rate indices will enable you to track promptly changes in the market and identify key pricing indicators of the health of the container shipping industry.
Why Drewry?
Drewry has no financial connection with any shipping line, forwarder, bank, port or terminal and therefore provides totally independent and impartial analysis. | |