A recently written news article in Drewry’s news and events section throws light on the most important logistics services launched by Drewry.
Coronavirus (COVID-19) outbreak has led to unprecedented market volatility. As a result, Drewry Supply Chain Advisors, the logistics consultancy arm of Drewry Shipping Consultants make a major announcement. It is about the launch of two new container shipping tracking services reporting cancelled sailings and ship waiting times every week.
How does it function?
The aforementioned container shipping tracking services function by the combination of Automated Identification System (AIS) data. Its main purpose is to monitor containership movements several times a day at some 50 major ports.
Drewry’s both services deliver a high level of actionable, dynamic and detailed intelligence. This gives a clear cut picture about what is happening in the current week and what happens in this month in the container market – by major trade route, region or major port.
Cancelled Sailings Tracker – highlights
- Provides a ‘snap-shop’ of cancelled sailings on a particular day.
- Shippers and forwarders will be able to anticipate delays and longer lead times or rollovers on specific major trade routes and for specific weeks,
- And select sailings based on the latest data on the incidence of cancellations by alliance and by week.
- Ports and carriers will be able to forecast or plan for expected changes in overall carrier activity and number of sailings.
Containership Waiting Time Tracker – highlights
- Calculates average waiting times that ships wait outside a port before berthing, at 44 major ports, for the last 2 weeks.
- Monitors the end-of-week Ship Waiting Time Tracker for the just-ended week, shippers, forwarders, carriers.
- Other stakeholders will be able to anticipate potential delays at the port of arrival.
- Monitors the trend away from or back to normal levels and compares with the previous weeks.
“The Coronovirus (Covid-19) crisis is having a profound and far-reaching impact on international shipping and global commerce,” said Philip Damas, Managing Director and Head of Drewry Supply Chain Advisors. “With these new weekly tracking services our intention has been to provide an extra level of operational visibility to industry stakeholders; whether shippers, forwarders, carriers, truckers or terminal operators. Perhaps more so than ever, up to date and relevant intelligence is needed to enable shippers to respond to capacity bottlenecks and ocean freight volume volatility, and quickly develop contingency plans to mitigate possible disruptions to their shipping services.”
Future aspects
In the coming days Drewry will be combining these tracking services with its World Container Index to provide a consolidated assessment of market volatility.
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Source: Drewry
