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Maritime Research

Container Freight Rate Insight (Annual Subscription)

Online Service

February 2024

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Drewry Container Freight Rate Insight

Spot freight rate benchmarks

First introduced in 2006, Container Freight Rate Insight is an indispensable online reference for importers, exporters, freight forwarders and other stakeholders requiring up-to-date, independently researched ocean freight rates and freight cost benchmarks. Container Freight Rate Insight is accessed via Drewry’s all-new Container Freight Portal.

 

Get in touch

 

 

 

We are the only global provider of verified, like-for-like spot freight rate benchmarks drawing on a stable panel of buyers (~30 freight forwarders and NVOCCs) who provide us with their ’buy rates’ and market data which we use to calculate monthly and weekly average spot rates, ensuring continuity and comparability of data. 

 

From Nov 2023 Exclusive Spot Rate Forecasting service: Subscribers to this service can now request customised monthly or bi-monthly spot rate forecasts against the port pairs they are most interested in. Contact us for further information: Price on application.

 

CFRI accessed via Drewry’s new Container Freight Portal

 

 

 

Demonstration of Search Rates within the new CFRI service

 

As well as the Container Freight Rate Insight, spot market freight rate service we also offer:

  • A confidential contract ocean freight rate service, Drewry Benchmarking Club, exclusively for shippers/BCOs
  • An exclusive, custom Spot Rate Forecasting service for CFRI subscribers on the port pairs they are most interested in

Membership of Benchmarking Club includes a subscription to this service (CFRI).


More Information

  • Online access via Drewry’s new Container Freight Portal
  • Includes a monthly ’Insight’ (PDF report) providing analysis of key developments across the main trades
  • The No. 1 reference for index-linked contracts
  • 790 global port pairs covered (updated monthly)
  • Download rate history
  • Access to an exclusive Spot Rate forecasting service - price on application 
  • Single site licence, annual subscription terms (NB global licence and/or API access available on request)
View Example Report

For shippers (importers and exporters)

Container Freight Rate Insight provides rates that are actually being paid by other companies on the route(s) that interest you. While Drewry cannot disclose specific company information for confidentiality reasons, the aggregated pricing information provides a benchmark against which you can test the success of your freight rate negotiations. It also provides informed analysis and a view on the short-term outlook for freight rates.

 

  • Check trends in freight levels to determine contract renewal risks and benefits.
  • Use as a reference point in your index-linked contracts.
  • Use our commentary and analysis to help take informed budgeting and sourcing decisions on the main industry price drivers like supply/demand, BAFs etc

 

NB The service does not include container freight rate forecasts, but we are able to provide these to you via our Container Forecaster quarterly industry report or our specialist advisory service from Drewry Supply Chain Advisors.

For freight forwarders and NVOCCs

The Container Freight Rate Insight will help in your rate negotiations with clients by providing independent evidence of changes (increases or decreases) in market rates.

  • Giving transparency to mid-market spot market levels
  • Showing freight rate market trends to customers
  • Indexing contracts on a back-to-back basis with carriers and shippers
  • Authentic independent evidence with Drewry’s name and reputation

 

 

 

 

For carriers

The Container Freight Rate Insight will enable you to benchmark your average rates on specific port pairs against the latest forwarder market buy 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

Both individual freight rate benchmarks and aggregate indexes published in the Container Freight Rate Insight will enable you to promptly track changes in the market and identify key pricing indicators of the health of the container shipping industry.

  • Ability to gauge market strength
  • Trend analysis assists interpretation of current company profitability since the last financial report
  • Drewry commentary, analysis and news provides expert informed opinion on industry drivers

 

 

 

 

 

 

 

 

 

 

NB: There is a 50 port pair download limit per month to access historical freight rates. But there is no such limitation for downloading current freight rate data (covering the most recent four-month period).

CFRI Service Methodology

Drewry's container freight rate benchmarks for multiple trade routes and port pairs are based on averages of representative rates paid by freight forwarders to ocean carriers.

 

The rate benchmarks represent spot market rates for Full Container Loads (FCL) 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.

 

Monthly rate benchmarks are 'All In' (i.e. all inclusive) and include the base ocean rate, the Terminal Handling Charge (THC) both at origin and at destination, the fuel surcharge (BAF) and all other surcharges levied by ocean carriers (see list below). They do not include documentation charges (see list below). They do not include inland transport costs (except for rates to US inland ramps). The rate benchmarks are for standard dry freight containers.

 

The surcharges included in the total ocean freight reported by the index are:

  • Bunker adjustment factor
  • Emergency bunker adjustment factor, if any
  • Currency Adjustment Factor
  • Peak Season Surcharge
  • Equipment management fee/surcharge
  • Port additional/port dues
  • Emergency risk surcharge
  • Port security charge / International Ship and Port facility security (ISPS) charge
  • Carrier security charge
  • Suez Canal transit fee/surcharge
  • Panama Canal surcharge
  • Gulf of Aden surcharge
  • Port congestion surcharge
     

The surcharges not included in the total ocean freight/the index are:

  • Documentation/bill of lading fee
  • Booking fee
  • Submission of cargo declaration fee /US automated manifest system (AMS) fee
  • Customs clearance fee

 

Join Drewry's Benchmarking Club and compare your contract rates with your peers

Drewry Benchmarking Club goes beyond the spot market intelligence provided by Container Freight Rate Insight (CFRI) and allows members to confidentially benchmark their contract shipping costs against their peers – based on genuine, shipper-only, buy-rate comparisons.

 

Contact us at supplychains@drewry.co.uk for a demonstration of the new platform to learn more about the various membership packages available. Please note, membership is exclusive to shippers only (importers and exporters) - not freight forwarders, carriers or NVOCCs.

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News

Drewry launches interactive version of Container Capacity Insight through Container Freight Portal

Drewry launches updated financial health-check report as Red Sea crisis throws spotlight back on container shipping industry


Reefer shipping remains resilient despite 2022 trade contraction


Rising M&A to boost dominance of global container terminal operators

Events

Ports webinar briefing: Gemini cooperation network will rely heavily on small number of hub ports

Join us at 09:00 or 16:00 GMT on Wednesday 20th March in a free webinar briefing covering our latest research on the container ports and terminals market. The session will be hosted by report editor Eleanor Hadland and port sector analyst Eirik Hooper.