Drewry Launches New Fuel Advisory Services For Shippers And Forwarders
Drewry Supply Chain Advisors, the sea products expense benchmarking and also purchase assistance department of Drewry, delights in to reveal the launch of a brand-new series of gas advisory and also administration solutions made specifically for carriers and also forwarders.
The brand-new solutions prolong Drewry’s advising capacity at once when gas is ending up being a significantly integral part of transportation expenses and also progressively based on policies.
“Following implementation of the IMO 2020 low-sulphur rule change we have already seen extreme variations in fuel charges between carriers on the same tradelane, for similar ship sizes – even shared vessels,” stated Philip Damas, head ofDrewry Supply Chain Advisors “On the Asia-to-US East Coast route, for example, across a sample of five carriers, we saw some had increased their BAFs by as much as 40% in 1Q 2020, whereas others by just 15%.”

Image Credits: DrewryShipping– Twitter
Drewry has actually been functioning carefully with carriers and also market depictive organisations such as the European Shipper’s Council (ESC) in current months on a variety of campaigns targeted at enhancing gas expense openness and also legal methods, such that carriers can minimize their direct exposure to extreme BAFs and also have higher control over and also understanding of the gas part of sea products prices.
“We anticipate confusion over the new charges introduced by carriers will continue for some months yet as the market fully adapts to the new fuel standard,” statedMr Damas “By helping review their existing processes and implement a standard BAF mechanism, covering measurement and adjustment periods, fuel prices and index formulae, we believe shippers and forwarders can gain both clarity and more control over fuel prices – essential pre-requisites to achieving more competitive and successful outcomes from their carrier negotiations.”
Drewry remains to keep an eye on and also report advancements carefully by means of Drewry’s Benchmarking Club, which offers merchants and also importers unique accessibility to ordinary agreement shelter costs by tradelane and also Drewy’s brand-new low-sulphur recommendation shelter index tracker (NB you should sign up and also login to gain access to this web page).
Reference: drewry.co.uk
