Drewry Benchmarking Club data now available on Cargoo’s ocean freight management platform for Club members

Drewry Shipping Consultants has partnered with ocean freight management platform Cargoo to integrate Drewry Benchmarking Club (BMC) data into Cargoo's system. Cargoo members who are also BMC members will have access to benchmark data directly within Cargoo, allowing them to better understand market conditions and act accordingly.

This integration aims to streamline the tender process, which can be particularly challenging during tender season. According to recent polls, 44% of Drewry BMC members need five to seven weeks to prepare a request for quotation (RFQ), and half need eight to twelve weeks to complete a full bid. Additionally, one in four members cannot state their annual detention and demurrage spend.

With this new integration, Drewry BMC members on Cargoo can set targets with confidence, using Drewry benchmarks and seven-quarter container shipping forecasts for every lane in scope. They can also run rounds faster by evaluating each carrier offer against benchmark lowest and average rates and keep savings by pricing every booking at the awarded rate, while ensuring freight audit checks each invoice line during the dispute period. Finally, the data from their performance and spend will inform next season's targets.