First introduced in 2006, Container Freight Rate Insight is an indispensable reference for importers, exporters, freight forwarders and other stakeholders requiring up-to-date, independently researched ocean freight cost benchmarks.
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.
As well as freight cost benchmarking, the service is widely used for market analysis and as a reference point for index-linked contracts.
For a comprehensive introduction to the features of the service, including ’Trade Routes’ and ’Search Rates’ menu options, view the demonstration
Further to Container Freight Rate Insight we also provide:
N.B. Membership of the Drewry Benchmarking Club includes a subscription to this service as part of the package.
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.
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.
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.
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).
Drewry Benchmarking Club goes beyond the spot market intelligence provided by Container Freight Rate Insight and allows members to confidentially benchmark their contract shipping costs against their peers – based on genuine, shipper-only, buy-rate comparisons. Contact us today and find out if you are eligible to join this exclusive service. Membership is exclusive to shippers only (importers and exporters - not freight forwarders, carriers or NVOCCs).