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

London, UK, 03 February 2021 – Drewry Supply Chain Advisors, the ocean freight cost benchmarking and procurement support division of Drewry Shipping Consultants, 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.

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“Procurement and logistics teams within our shipper/BCO clients continue to battle capacity constraints and rampant cost increases,” said Philip Damas, managing director and head of Drewry Supply Chain Advisors. “To help teams overcome the imbalances of the prevailing market, we continue to extend and improve our ocean freight cost benchmarking and procurement support service capabilities.”

 

New service improvements and enhancements

  • Extended service coverage: From February 2021, Drewry’s Container Freight Rate Insight spot market benchmarking service, will provide rate intelligence against 25 new lanes including important origins such as Bangladesh and Sri Lanka.
  • Benchmarking Club – participation increase: Membership of Drewry’s Benchmarking Club has increased by 35% in the last 6 months. This exclusive, shipper-only, closed user group now counts 5 of the top 10 global retailers among its members. More than 20% of Club participants are either in the S&P 100 or the Nasdaq 100.

 

“As well as real time contract rate intelligence, our members benefit from access to exclusive market pulse briefings and webinars,” said Cath Earl, product manager of Drewry’s Benchmarking Club. “In these popular interactive sessions, we cover a wide range of important operational, contractual and service-related matters from spot rate market outlook and tender management best practices to pricing structures, MQC and capacity management.”

 

New integrated ocean freight cost benchmarking platform

Further to the above, Drewry Supply Chain Advisors is delighted to announce that work on an all-new, fully-integrated, online freight cost benchmarking portal is now well advanced, with launch anticipated in early 3Q 2021. The new service will combine both spot and contract rate intelligence for Club members in a single online platform.

For a demonstration of our online Benchmarking Club platform and to learn more about the new integrated service, currently in development, please contact Philip Damas or Cath Earl at supplychains@drewry.co.uk

Media Contact

Philip Damas

Philip Damas

Director, Head of Drewry Supply Chain Advisors