Freight News, Sea

Small shippers set to gain big firm freight rates

[ March 2, 2018   //   Chris ]

Drewry and Chainalytics, consultants in shipping and supply chain respectively, are launching an ocean freight procurement solution for shippers. The Chainalytics Ocean Buying Group, in partnership with Drewry, will allow medium and small scale importers and exporters to collaboratively achieve “big shipper” rates and terms direct with ocean carriers and benefit from shared intelligence for better commercial decisions.

Senior manager at Chainalytics Transportation Practice, John Westwood, stated, “We designed the Ocean Buying Group to provide companies often outsized by competitors the opportunity to gain “big” shipper value relative to the size of its organization and quantity of shipments, and our partnership with Drewry further enhances our clients’ capabilities to competitively acquire ocean freight services.”

Head of Drewry’s logistics practice, Philip Damas, remarked: “This is an exciting initiative for both organisations. By combining propositions we’re able to offer a unique service delivering much needed improved ocean carrier contractual terms with full transparency, cost stability and predictability, market intelligence and technology-driven category management to a segment of the market that often suffers pricing volatility and opaque service levels.”

Drewry group managing director, Arjun Batra said that smaller retailers and manufacturers often struggle to achieve favourable rates on their international shipments but the new venture could level the playing field by providing these organisations with a collective buying solution.

Tags: Chainalytics, Drewry