Mastercard wanted to evaluate the readiness of the container freight industry to adopt a value proposition for procure-to-pay automation that would incorporate core Mastercard benefits such as payment guarantees.
Client: A US-headquartered global producer of technology products
Drewry Supply Chain Advisors was selected to manage the 2016 global ocean tender for a US-headquartered global producer of technology products combining procurement best practices, the latest technology and freight cost benchmarks in Drewry’s e-Sourcing Ocean Freight Solution (eSOFS).
The customer is a large global chemical group, whose chemical compound salt business unit produces and exports over 1 million tonnes of products. The customer exports using container shipping, dry bulk and multipurpose shipping for bagged and loose product.
Client: A Chinese shipping and terminal development business
A Chinese shipping and terminal development business was seeking to transform itself into an independent global common user terminal operator and requested Drewry’s assistance to identify operational and commercial best practices and performance metrics.
Drewry and the European Shippers’ Council (ESC) have published a bunker adjustment factor indexing mechanism to help shippers monitor and control bunker charges in the run-up to and following the introduction of the IMO 2020 low-sulphur regulation.
The mood-music surrounding the container market has deteriorated further in the last three months, resulting in Drewry downgrading its outlook for world container port throughput for the current year and the rest of the five-year horizon, in its latest Container Market Annual Review and Forecast.
Online technology platforms where shipping lines and their customers can negotiate forward contracts could help improve vessel utilisation levels and reduce freight rate volatility, according to a joint study conducted by global shipping consultancy, Drewry and maritime supply chain technology provider, CyberLogitec.
Car carrier shipping is expected to continue its slow recovery, supported by improving utilisation and minimal vessel ordering, according to Drewry’s latest Finished Vehicle Shipping Annual Review and Forecast.