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Maritime Research
Container Freight Rate Insight (Annual Subscription)
Online Service
November 2024
Spot freight rate benchmarks
First introduced in 2006, Container Freight Rate Insight is an indispensable online reference for importers, exporters, freight forwarders and other stakeholders requiring up-to-date, independently researched ocean freight rates and freight cost benchmarks. Alongside our World Container Index, the service provides a popular and robust reference for index linked contracts, which we can also help you develop.
API access (including CFRI service) is available for a fixed annual fee of $12,000 which covers set-up and configuration.
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.
Exclusive Spot Rate Forecasting service: Subscribers to this service can now request customised monthly or bi-monthly spot rate forecasts against the port pairs they are most interested in. Price on application.
CFRI accessed via Drewry’s new Container Freight Portal
Demonstration of Search Rates within the new CFRI service
As well as the Container Freight Rate Insight, spot market freight rate service we also offer:
- A confidential contract ocean freight rate service, Drewry Benchmarking Club, exclusively for shippers/BCOs
- An exclusive, custom spot rate forecasting service for CFRI subscribers on the port pairs they are most interested in
Membership of Benchmarking Club includes a subscription to this service (CFRI).
More Information
- Online access via Drewry Container Freight Portal
- Includes a monthly ’Insight’ (PDF report) providing analysis of key developments across the main trades
- 790 global port pairs updated monthly, and 57 updated fortnightly
- Download rate history
- Access to an exclusive Spot Rate forecasting service - price on application
- Single site licence, annual subscription terms (NB global licence and/or API access available on request)
- Includes complimentary access to the following Drewry rate indices and trackers: World Container Index, Intra-Asia Container Index, Contract Rate Index, Cancelled Sailings Tracker, Global Port Throughput Index and LSFO Bunker Price Tracker
For shippers/BCOs
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.
- Identify cost-saving opportunities, negotiate better rates and make informed selections of shipping partners
- Leverage our monthly commentary and analysis to guide your final 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 as a custom service contact a member of our team for further information.
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 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).
CFRI Service Methodology
Drewry's container freight rate benchmarks for multiple trade routes and port pairs are based on averages of representative rates paid by freight forwarders to ocean carriers.
The rate benchmarks represent spot market rates for Full Container Loads (FCL) 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.
Monthly rate benchmarks are 'All In' (i.e. all inclusive) and include the base ocean rate, the Terminal Handling Charge (THC) both at origin and at destination, the fuel surcharge (BAF) and all other surcharges levied by ocean carriers (see list below). They do not include documentation charges (see list below). They do not include inland transport costs (except for rates to US inland ramps). The rate benchmarks are for standard dry freight containers.
The surcharges included in the total ocean freight reported by the index are:
- Bunker adjustment factor
- Emergency bunker adjustment factor, if any
- Currency Adjustment Factor
- Peak Season Surcharge
- Equipment management fee/surcharge
- Port additional/port dues
- Emergency risk surcharge
- Port security charge / International Ship and Port facility security (ISPS) charge
- Carrier security charge
- Suez Canal transit fee/surcharge
- Panama Canal surcharge
- Gulf of Aden surcharge
- Port congestion surcharge
The surcharges not included in the total ocean freight/the index are:
- Documentation/bill of lading fee
- Booking fee
- Submission of cargo declaration fee /US automated manifest system (AMS) fee
- Customs clearance fee
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 (CFRI) and allows members to confidentially benchmark their contract shipping costs against their peers – based on genuine, shipper-only, buy-rate comparisons.
Contact us at supplychains@drewry.co.uk for a demonstration of the new platform to learn more about the various membership packages available. Please note, membership is exclusive to shippers only (importers and exporters) - not freight forwarders, carriers or NVOCCs.
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