Press Release Summary: Container Freight Rate Insight market intelligence is a unique, continuous source of market freight rates backed by a database of average freight rates representing millions of dollars of transactions made by freight forwarders.
Press Release Body: Bharat Book Bureau, a leading market information distributor has tabled a report - Container Freight Rate Insight ("http://www.bharatbook.com/detail.asp?id=25974") Container Freight Rate Insight market intelligence is a unique, continuous source of market freight rates backed by a database of average freight rates representing millions of dollars of transactions made by freight forwarders. The data comes from active freight forwarders in Asia, Europe and the United States, who provide it confidentially The interactive database allows you to : . Obtain the region-to-region or port-to-port freight rate benchmarks for a particular origin/destination destination over a particular period . Download the updated weekly rate benchmarks (current and historical) for the transpacific. Product Description The Container Freight Rate Insight is a bi-monthly publication containing a unique, continuous source of market freight rates.
Whereas the dry bulk and tanker shipping sectors have transparent market prices and indices, competitive container shipping freight rates have traditionally been opaque to market participants and to financial institutions involved in liner shipping, particularly since the withdrawal of liner conferences from their former joint price-setting role.
However, following requests from shippers, it has created 150 sets of port region-to-port region container freight rate benchmarks, together with regional and global freight rate indices
What the freight rate benchmarks and indices are:
The bi-monthly port-to-port and region-to-region rate benchmarks are US dollar-based averages of container freight rate benchmarks between specific port pairs or sub-region pairs (for example, South China to US East Coast); rate benchmarks for 150 "port pairs" or "sub-region pairs" are provided;
The bi-monthly rate indices are US dollar-based weighted averages of multiple container freight rate benchmarks, aggregated by major region (Europe and the US) and for the two major regions combined;
The weekly rate benchmarks for the transpacific are US dollar-based averages, minimums and maximums of five monitored carriers' eastbound container freight rates from Hong Kong to Los Angeles and New York.
The rate benchmarks represent spot market rates for Full Container Loads charged by freight forwarders 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.
Benefits of the Container Freight Rate Insight:
Container Freight Rate Insight will provide rates that are actually being paid by other companies on the same route. While This cannot disclose specific company information for confidentiality reasons, the rate information which you will obtain will provide an insight into how well your company is doing when it comes to the negotiation of freight rates.
For carriers, the average Container Freight Rate Insight will enable you to benchmark your average rates on specific port pairs against the latest forwarder market freight rates, which 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 analysts and market analysts, the Container Freight Rate Insight and the freight rate indices finally remove the secrecy and lack of transparency which has surrounded container freight rates until now. The benchmarks and indices will enable you to track changes in the market and identify key indicators of the health of the container shipping industry.
The Container Freight Rate Insight is a subscription-based publication. These complement the Container Shipper Insight, a quarterly publication launched in February 2006. The Container Freight Rate Insight costs £750 a year, for 6 bi-monthly PDF reports and access . For more information kindly visit : http://www.bharatbook.com/detail.asp?id=25974
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