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Ocean Freight Cost Benchmarks

We have been aggregating, mining and publishing ocean freight rate intelligence for over a decade and were the first to publish benchmark container spot market freight rates back in 2006.

Our container freight cost benchmarking services fall broadly into two categories:

Container Spot Market Rate Insight

Our flagship spot market benchmarking service, Container Freight Rate Insight, is one of the most widely referenced in the shipping industry. This online service is hosted at www.drewrycfri.co.uk

 

The data that powers this online research service is updated as follows:

  • Bi-monthly on all 681 routes
  • Monthly on most high volume trade lanes and
  • Weekly on five key trades via Drewry’s Hong Kong-Los Angeles Benchmark and data from the World Container Index.


View online demonstration

 

Each benchmark includes rates for both 20ft and 40ft dry box containers. Key trade routes covered include the transpacific, Asia-Europe, transatlantic, Middle East & South Asia trades, North-South trades (South America, Africa & Oceania), intra-Asia and intra-Europe trades. In most cases rates for both headhaul and backhaul trades are provided.

Container Freight Rate Insight

Those with an enhanced subscription to our online service can search our entire library of freight rate data going back to January 2006 and download the results to your device in xls format. Search Rates includes the following key features:

  • Search and select single or multiple port pairs to view and download current freight rates of your choice to your device.
  • Select and download freight rate history going back on 2006 to assess key trends and trade cycles.
  • Download freight rate data to your device in Excel format.
  • Download either all-in rates or a breakdown of the base rate, bunker adjustment factor (BAF) and terminal handling changes (THCs).

N.B. The rate benchmarks represent spot market rates for Full Container Loads paid by freight forwarders to ocean carriers for a particular month or week. They are affected by seasonal and short-term supply-demand factors, notably by the peak season in the trades from Asia.

View a demonstration of Drewry's CFRI service

Flexible 'search rates' and export functionality

Contract Rate Intelligence - Drewry Benchmarking Club

Closely aligned to our spot rate service is Drewry Benchmarking Club an exclusive, participation-based service open to importers and exporters which allows them to track their contract rates against their peers.

Membership to Benchmarking Club is open to importers and exporters only - not Freight Forwarders or NVOCCs - and allows participants to confidentially benchmark contracted ocean shipping costs against their peers. Member organisations provide their contract rates confidentially to Drewry. In exchange, we aggregate these with other members’ rates and provide anonymous benchmarking information for each member’s specific routes.

Find out more about Drewry's Benchmarking Club

NB As part of their package all members benefit from complimentary access to an advanced subscription to Container Freight Rate Insight.

 

Enquire about joining the Benchmarking Club

 

Download Benchmarking Club Brochure

Key Contacts

Stijn Rubens

Stijn Rubens

Senior Advisor, Supply Chain Advisors

Related News

Benchmarking against peers upheld among BCOs

International transport and logistics executives are increasingly benchmarking their companies’ costs and supplier terms in ocean transport contracts, according to data gathered by Drewry Supply Chain Advisors.

Spot box rates rise above 5-year average

Spot container freight rates on the major East-West routes reached a 20-month high this week and have risen above the average of the last 5 years.

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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.

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Drewry Benchmarking Club

Drewry Benchmarking Club


Custom Quarterly Reports · Latest release 01 Dec 2016


How do your container shipping costs compare with your peers...? Our Benchmarking Club allows participating members to confidentially benchmark their contract shipping costs against their peers based on genuine, shipper-only, buy rate comparisons. A complimentary subscription to Container Freight Rate Insight, our popular online spot rate checking service, is included in the membership package.

Learn more
Container Freight Rate Insight (Annual Subscription)

Container Freight Rate Insight (Annual Subscription)


Online Service · Latest release 16 Feb 2017


The world’s first and only global source of container spot market freight rates on all the major routes. An essential reference for importers, exporters, freight forwarders and other industry stakeholders requiring up-to-date and independently researched container shipping cost benchmarks.

Learn more

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