Container Freight Rate Insight is the word's first and only global source of container market freight rates on all the major routes and is a "must have" tool for shippers, freight forwarders and others who require reliable, independent and well-established container shipping cost benchmarks.
Started in January 2006 on Drewry's own industry-leading initiative,
Container Freight Rate Insight is backed by a large, unique database of average freight rates representing millions of dollars of transactions by active freight forwarders in the Far East, South Asia, the Middle East, Europe, the United States, Canada and South America, who provide their freight rates confidentially to Drewry.
Some of the Container Freight Rate Insight benchmarks, notably the Drewry Hong Kong-Los Angeles container rate benchmark, are published once a week in Lloyd's List and in the Journal of Commerce.
The Container Freight Rate Insight benchmarks track the spot market, but the reports also analyse trends and limited information on rates in the annual contract market, where detailed freight rates remain confidential.
Judge its value for yourself. A sample of the report can be found by clicking on Download Brochure.
Readers also have the opportunity to take out a subscription to the
interactive online database www.containerbenchmarks.com where users can:
- Obtain the region-to-region or port-to-port freight rate benchmarks for a particular origin/destination destination over a particular period, with historical data available on most routes back to January 2006
- Download the updated weekly rate benchmarks (current and historical) for the transpacific.
To enquire about a subscription to www.containerbenchmarks.com please contact us at enquiries@drewry.co.uk
1. Summary
2. Global Freight Rate Index and history
3. East/West Freight Rate Index and history
4. Intra-Asia Rate Index and history
5. Regional Freight Rate Indices for US Imports and Exports and for
European imports and Exports and history
6. East/West Rate benchmarks
7. Rate benchmarks on all routes (US$/container), as follows
• Asia to US/Canada
• US/Canada to Asia
• Asia to Europe/Med Westbound
• Europe/Med to Asia Eastbound
• Intra-Asia Trades (excl. Middle East and S.Asia)
• Middle East and South Asia Trades
• Transatlantic Westbound
• Transatlantic Eastbound
• North/South Trades (Brazil, Africa, Oceania)
8. Bunker Adjustment Factors by Carrier in Trades to Europe
9. Bunker Adjustment Factors by Carrier in Trades from Europe
10. Drewry Weekly Rate Benchmarks for Transpacific (US$ per 40ft container),
as follows
• Drewry Hong Kong-Los Angeles container rate benchmark for FCLs
• Drewry Hong Kong-New York container rate benchmark for FCLs
• Drewry Hong Kong-Los Angeles and New York container rate benchmark for LCLs
• Drewry HK-Chicago and Shanghai-Chicago inland point intermodal container
rate benchmark for FCLs
• Drewry Shanghai-New York container rate benchmark for FCLs
• Drewry Shanghai-Los Angeles container rate benchmark for FCLs
The
Container Freight Rate Insight is a bi-monthly publication uniquely containing up to date market freight rate data.
Following requests from shippers, Drewry has created 700 sets of bi-monthly container freight rate benchmarks and 7 weekly transpacific port-to-port and port-to-inland container freight rate benchmarks, together with regional and global freight rate indices.
Here's what the freight rate benchmarks and indices cover:
- 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.
The rate benchmarks represent spot market rates for Full Container Loads paid by freight forwarders to ocean carriers for a particular month or week. They are affected by seasonal and short-term supply-demand factors, notably by the peak season in the trades from Asia.
The regions covered by the 700 rate benchmarks are:- Australia (Melbourne)
- Brazil
- Canada East Coast (Montreal)
- Canada West Coast (Vancouver)
- Central China (Shanghai)
- Hong Kong
- Indian Sub-continent (Mumbai)
- Japan (Tokyo/Yokohama)
- Korea (Busan)
- Middle East Gulf (Dubai)
- North China (Tianjin)
- North Continent Europe
- Saudi Arabia (Dammam or Jeddah)
- South Africa (Durban)
- South China
- South East Asia (Singapore)
- Taiwan
- Thailand
- UK
- US East Coast
- US Gulf Coast
- US West Coast
- West Africa (Lagos)
- West Mediterranean (Italy)
Benefits of the Container Freight Rate Insight F
or 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.
F
or 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.
Summary points on the value of the Container Freight Rate Insight:
- 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 (if separate subscription to the interactive online database www.containerbenchmarks.com is taken)
The Issues are as follows:
1st Issue - January/February
2nd Issue - March/April
3rd Issue - May/June
4th Issue - July/August
5th Issue - September/October
6th Issue - November/December
Readers also have the
opportunity to take out a subscription to the interactive online database www.containerbenchmarks.com where users can:
- Obtain the region-to-region or port-to-port freight rate benchmarks for a particular origin/destination destination over a particular period, with historical data available on most routes back to January 2006
- Download the updated weekly rate benchmarks (current and historical) for the transpacific.
To enquire about a subscription to www.containerbenchmarks.com please contact us at enquiries@drewry.co.uk
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