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Maritime Research

Container Freight Rate Insight (Annual Subscription)

Online Service

July 2021

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Container Freight Rate Insight

Spot freight rate benchmarks

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 rates and 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:

  • A confidential benchmarking services on contract ocean freight rates through Drewry Benchmarking Club
  • A weekly "World Container Index" - assessed by Drewry

N.B. Membership of the Drewry Benchmarking Club includes a subscription to this service as part of the package.


More Information

Fast facts...

  • The No. 1 reference for index-linked contracts
  • Access 10 years of rate history online
  • More than 680 global port pairs covered
  • Thousands of data points updated every month
  • Single site licence, annual subscription terms

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).

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 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).

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