Drewry extends global coverage in flagship Container Freight Rate Insight service

The culmination of an 18-month data development and sourcing project has resulted in the addition of 5,500 new lanes to the service across Asia, Europe, the Americas and Africa, providing clients with even deeper, more granular insights into global container shipping markets.

“This major enhancement reflects Drewry’s ongoing commitment to supporting shippers, carriers and logistics providers with the most comprehensive, accurate and actionable freight rate intelligence available,” said Philip Damas, Drewry’s Managing Director and Head of Supply Chain Advisors. “Recent market volatility and heightened uncertainty has heaped pressure on ocean freight procurement and logistics teams, elevating the importance of timely and reliable benchmarking data,” continued Damas. “With this transformational development, we are pleased to be able to give our clients the expanded visibility they need to optimise and strengthen their negotiation position and manage costs at this challenging time.” 

Container Freight Rate Insight subscribers will now benefit from:

• Greatly extended global coverage, especially to regional and north-south trade lanes (from 30 April)
• Enhanced market transparency to support freight procurement decisions
• More frequent and detailed spot rate updates with rates updated fortnightly on additional lanes (from May)

Container Freight Rate Insight is delivered through Drewry’s Container Freight Portal, a powerful freight procurement and cost benchmarking resource that combines all Drewry’s ocean and air freight cost comparison services and indexes in a single, cloud-based platform. As well as Container Freight Rate Insight, the portal hosts Drewry’s popular, shipper-only contract rate Benchmarking Club, a closed-user group of over 120 leading international brands and Container Capacity Insight, an essential weekly online tool to monitor cancelled sailings, capacity changes and port congestion.

To request a demonstration of Container Freight Rate Insight via Container Freight Portal, email supplychains@drewry.co.uk