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Ocean Freight Procurement Support
Low-sulphur Bunker Price Tracker
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Read the latest thoughts and opinions of our sector experts and lead analysts on key industry events and developments.
Supply Chain Advisors
Bunker Implementation Support Services
To help bring more control and greater clarity to fuel prices following the IMO low-sulphur regulatory change, we have introduced an exclusive range of fuel advisory and management services for shippers and forwarders.
Have you considered the following:
Are your BAF baselines and trade factors accurate..? Is your standard bunker program up-to-date..? Is there a cost difference between carrier bunker costs for ships with and without scrubbers..?
As well as helping answer the above, our new range of fuel management advisory services can 1) help avoid big discrepancies between the BAFs of different carriers and forwarders 2) simplify your carrier invoicing and 3) help you find and adopt the right BAF mechanism for your organisation.
Extreme variations are already being seen in fuel charges between carriers on the same tradelane for similar-sized ships. See below:
Source: Drewry Maritime Research
On the Asia-to-US East Coast route, some of the carriers' BAFs increased by 40% in 1Q 2020, whereas other carriers' BAFs increased by just 15%, based on a sample of 5 carriers.
Pre-RFQ and standard bunker implementation support services for shippers and forwarders.
- Minimise the risk of excessive BAFs from carriers
- Better control over the fuel portion of your freight rates
- Cost competitiveness of your BAFs
- Align your contractual practices with best practices
- Simplify carrier invoices and invoice auditing
- Keep up to date with environmental rules and ship propulsion practices which could impact freight rates in future
As well as having timely access to robust market data, to be confident of achieving the best terms of service and value for money, shippers need to adopt the right approach to prepare for, plan and manage the entire process from initial pre-RFQ to bunker program implementation, review and monitoring.
Transportation Manager, Global Paper and Pulp Manufacturer
"Drewry provided the market intelligence needed to take-on the complexities and uncertainty in BCO management of today’s marine fuel issues..."
Senior Procurement Manager, International Provider of Office Supplies
"Our partnership with Drewry equipped us with the necessary resources to customize a regular bunker management program which we have successfully implemented across our carrier portfolio."
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Recent News
08 Jan 2020
Drewry launches new fuel advisory services for shippers and forwarders
Drewry’s freight cost benchmarking and procurement support division, is pleased to announce the launch of a new range of fuel advisory and management services designed exclusively for shippers and forwarders.
04 Dec 2019
Drewry publishes first low-sulphur BAF reference price
As part of a series of initiatives aimed at bringing greater transparency to fuel costs resulting from the new IMO 2020 low-sulphur regulation, Drewry is pleased to announce the publication of its first low-sulphur reference bunker index tracker.
Recent Projects
Market entry strategy for digital 'procure-to-pay' solution
Mastercard wanted to evaluate the readiness of the container freight industry to adopt a value proposition for procure-to-pay automation that would incorporate core Mastercard benefits such as payment guarantees.
e-sourcing global ocean tender management solution: e-SOFS
Drewry Supply Chain Advisors was selected to manage the 2016 global ocean tender for a US-headquartered global producer of technology products combining procurement best practices, the latest technology and freight cost benchmarks in Drewry’s e-Sourcing Ocean Freight Solution (eSOFS).
The first company to provide detailed and regular slow-steaming analysis for the container industry (Container Forecaster)
The first independent consultancy to publish liner schedule reliability rankings in 2005
Access to an exclusive ocean freight cost benchmarking club comparing costs on over 2 million teu of freight for more than $2.3bn of freight spend.
We were the first to publish benchmark container spot market freight rates in 2006.
