The British International Freight Association (BIFA) has entered into a collaborative agreement with Drewry to help bring the maritime research consultancy's confidential freight rate benchmarking service to members of the trade association. Launched in 2019, Drewry Forwarder Benchmarking Club is designed to meet the specific needs of freight forwarders and non-vessel operating common carriers (NVOCCs) and provides members with the opportunity to confidentially benchmark their ocean carrier buy … [Read more...] about UK freight association ties up with maritime consultancy to enable its members to benchmark oceanfreight rates
Drewry
Air freight rates to remain weak: Drewry
UK-based shipping consultancy Drewry reported its East-West Air Freight Price Index declined by 1.1 points in June to a reading of 88.7, bringing the index down to its lowest level since it was first launched in May 2012. The Index fell fell below the US$2.90 per kg threshold for the first time with Drewry saying it expects pricing to remain week for the next few months. “Whereas the eastbound trans-Pacific has taken the brunt of pricing falls in recent months, June’s decline affected … [Read more...] about Air freight rates to remain weak: Drewry
Modal shift to sea is reversing says Drewry
An ongoing reversal of the much discussed modal shift from air to sea will continue despite the recovery of port operations on the US West Coast following the crippling strike last year, according to the latest report from Drewry Shipping Consultants. The damage done to supply chains ahead of the Thanksgiving and Christmas peaks last year has apparently left a lingering bad taste in the mouths of shippers in some high-value sectors. “As port operations improve on the US West … [Read more...] about Modal shift to sea is reversing says Drewry
Drewry: Airfreight rates slip in March
Drewry’s East-West Air Freight Price Index slipped 2.3 points in March to a reading of 99.5, losing the gains achieved in February. The London-based research and advisory firm said: "A retreat in pricing was anticipated with load factors softening following factory closures over the Chinese Lunar New Year holiday period and from easing congestion in US West Coast ports dampening air freight demand." Drewry expects air freight pricing to have recovered through April, with the onset … [Read more...] about Drewry: Airfreight rates slip in March
Shipping schedule reliability improving
Liner shipping service reliability across the three core East-West trades hit a five-month peak in March with an aggregate on-time performance of 64 per cent, according to Carrier Performance Insight, an online schedule reliability tool provided by Drewry Supply Chain Advisors. Source: Drewry Carrier Performance Insight (http://cpi.drewry.co.uk) The latest result represents an 8.5 percentage point gain over February and is the second best average (after October 2014) since … [Read more...] about Shipping schedule reliability improving
Airfreight rates rebounding: Drewry
Airfreight rates stabilised in April, holding onto gains made in March as Asian factories reopened following the Chinese New Year holiday period, according to Drewry in its latest Sea & Air Shipping Insight. Drewry’s East-West Air Freight Price Index, a weighted average of airfreight rates across 21 East-West trades, gained 1.5 points in April to 104.3 points. This followed a 6.6 point rise in March and took the index to its highest level since … [Read more...] about Airfreight rates rebounding: Drewry
