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Maritime Research

Drewry Benchmarking Club

Customised Real Time Benchmarking

April 2021

Drewry Benchmarking Club

Comprehensive freight rate package

How do your contract container freight rates compare with your peers and the wider market?

 

Drewry’s Benchmarking Club provides members with the opportunity to confidentially benchmark their contract shipping costs against their peers – based on genuine, shipper-only, buy rate comparisons.

 

New feature: Now benchmarking contract BAFs every quarter on the major East/West routes.

 

Download brochure

 

 

 

Why Benchmarking Club?

  • Secure best rates in the market

    • Minimise exposure to cost increases

  • Understand short, medium & long term market developments

    • Respond quickly

    • Plan for future

    • Accurate budgeting

  • All Market Intelligence at your fingertips

    • Forecasts -> Plan

    • Indices -> Understand trends

  • IMO Sulphur regulation intelligence

    • Plan for regulatory changes

    • Calculate impact for your own routes

  • Understand Best Practices in Procurement

    • Maximise efficiencies (relations, processes, data, resources, etc.)

    • Achieve optimum results

  • Internal Stakeholder support & approval

    • Create awareness and understanding

Why Drewry?

  • In-depth experience and specialist expertise in ocean freight intelligence and benchmarking

  • Access a wealth of market intelligence

  • True buying rates comparisons and transparency of shipper-only membership

  • Easy to combine with other Drewry products and services

    • Container Freight Rate Insight (CFRI)

    • Tender/RFQ support (e-SOFS)

    • Container Forecaster (CF)

    • Airfreight Benchmarks (SASI)

    • Reefer Benchmarks (R-BMC)

Contract Freight Rate Benchmarking

Monthly Reports, individually tailored to your routes

Benchmark Rates & Comparison Report

  • Average, Lowest, Highest market rates
  • Spot Rates
  • Comparison by Shipper Size (S, M, L)
  • Transit time, Freetime and Rate Validity Comparison
  • Ranking

Benchmark Appraisal & Cost Savings Advice

  • Detailed analysis of your rates v benchmarks

Access to our interactive Online System

  • Overall Spend Analysis
  • Detailed Analysis by route
  • Historic Rate Evaluation
  • Indices, Forecasts
  • Rate Inconsistencies

More Information

Fast facts...

  • Membership is exclusive to shippers - importers and exporters only (not freight forwarders, carriers or NVOCCs)
  • Participants benefit from access to container contract rates, spot market rates, unique freight rate forecasts, indices, comprehensive market assessments and industry best practice information
  • Online access to monthly benchmarking rates
  • For further information about the club or to request a demonstration of the online platform contact us
  • Exclusive Reefer Benchmarking Club also now available (since Sept 2017). Contact us for more information.
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News

Multipurpose earnings rally at risk from overordering in competing sectors

Multipurpose earnings rally at risk from overordering in competing sectors
The rapid recovery in earnings for multipurpose vessels is expected to slow from the second half the year as capacity constraints and supply chain disruptions in competing sectors ease, according to Drewry’s latest Multipurpose Annual.

Drewry extends spot market ocean freight rate service coverage and Benchmarking Club participation numbers

Drewry is pleased to announce a series of enhancements to its spot market and contract ocean freight rate benchmarking services and new participation milestones in its flagship, ocean freight cost comparison service, Benchmarking Club.

COVID-19 drives up ship operating costs

Vessel operating costs have risen at their fastest pace in over a decade this year, on higher insurance cover premiums and COVID-19 related expenses, but are expected to moderate in subsequent years as pandemic related spend unwinds, according to Drewry’s latest Ship Operating Costs Annual Review and Forecast.

Multipurpose Time Charter Index - Apr 21

Our new MPV Time Charter Index tracks one-year period charter rates across a basket of vessel types and sizes and forecasts the market movement over the coming month.

Events

Container Equipment Market Outlook

Join us for a FREE Drewry online briefing at 0900 or 1600 BST on Tuesday 27 April to hear our latest thoughts on developments in the container equipment market. Hosted by Martin Dixon, Head of Research Products and John Fossey, Senior Analyst for Container Equipment at Drewry.

LNG shipping market outlook

Join us at 09:30 BST on Tuesday 4 May 2021 to explore some of the key findings from our latest LNG Forecaster report. Hosted by Aman Sud, Lead Analyst – Gas Shipping at Drewry and Santosh Gupta, Assistant Manager at Drewry Maritime Financial Research.

Container Shipping Market Outlook

Join us for a FREE Drewry online briefing at 0900 or 1600 BST on Thursday 6 May to hear our update on the container shipping market outlook and guidance on freight rates and carrier profitability. Hosted by Simon Heaney, Senior Manager, Container Research and Nilesh Tiwary, Manager, Drewry Maritime Financial Research.