18th July 2013, London- LLamasoft, the global leader in supply chain design software solutions, and Drewry Maritime Research, the leading provider of freight rate benchmarking today announce a partnership to make Drewry’s global ocean container and air freight rate benchmarks available to LLamasoft customers for use in supply chain design. LLamasoft will resell Drewry’s Container Freight Insight (CFRI) and Sea & Air Shipper Insight (SASI) benchmarking products as part of the new LLamasoft Data Services offering.
Drewry publishes container freight rate benchmarks on over 600 international trade routes as well as several aggregated indexes in its Container Freight Rate Insight which is available online at www.drewry.co.uk/cfri. It also publishes air freight rate benchmarks on 21 East-West trades in its Sea and Air Shipper Insight. The data is widely used for benchmarking and market analysis and is a key component in modeling new supply chain and transportation networks.
The benchmarking service will enable LLamasoft customers to understand global ocean and air freight rate market trends to help determine the cost and feasibility of new network structures and shipping locations.
“Our collaboration with LLamasoft enables Drewry’s freight rate benchmarks to be used by a wider community of users who will benefit from reliable, trusted market information which has become the industry standard,” said Drewry director Philip Damas.
“Drewry is the gold standard for ocean rates, benchmarking and analysis. Missing or incomplete data remains one of the biggest hurdles to overcome in most supply chain design efforts. This partnership continues to deliver on our commitment to solve the missing data problem for LLamasoft customers and ensure that every supply chain design study or project is a success,” said LLamasoft president and CEO Donald Hicks.
Drewry urges shippers to consider adopting index-linking as a mechanism to avoid contract default in the current environment of major price volatility.
About LLamasoft, Inc
LLamasoft supply chain design software helps organizations worldwide design and improve their supply chain operations. LLamasoft solutions enable companies across a wide range of industries to model, optimize and simulate their supply chain network, leading to major improvements in cost, service, sustainability and risk mitigation. Headquartered in Ann Arbor, Michigan, LLamasoft is a leader in supply chain excellence and innovation, advancing technology focused on continuous improvement of enterprise supply chains for the world’s largest organizations.
Drewry Maritime Research is the research arm of the Drewry group. Drewry also includes two advisory brands, Drewry Maritime Advisors and Drewry Supply Chain Advisors.
Drewry have over 40 years’ experience within the maritime sector, employing over 90 specialists across our international offices in London, Delhi, Singapore and Shanghai.
Offering research reports and advisory services, our position to assess the market and give our clients the knowledge to make critical decisions sets us apart from others. Our brand is renowned for its quality, with analysis that brings clarity to markets and enables us and our clients to stand above the competition.