Drewry and Cargoo integrate freight benchmarks into ocean procurement

Drewry Shipping Consultants has entered into a partnership with Swiss ocean freight technology provider Cargoo, enabling eligible customers to access Drewry Benchmarking Club data directly within Cargoo’s freight management platform.

The integration, announced on 10 November 2026, connects container freight rate benchmarking with procurement, contract management and shipment execution processes. Access is restricted to customers using Cargoo who are also members of the Drewry Benchmarking Club, rather than being available across the platform’s entire customer base.

Under the arrangement, participating shippers can compare carrier offers against Drewry’s lowest and average benchmark rates for individual trade lanes. The platform also incorporates seven-quarter container shipping forecasts, allowing procurement teams to consider market expectations when establishing freight rate targets and evaluating bids.

Linking freight procurement with contract execution

The integration is designed to address challenges associated with ocean freight tendering, where procurement teams frequently manage multiple carrier offers, contract terms and pricing structures across different trade lanes.

According to Drewry’s recent Benchmarking Club surveys, 44% of participating members reported requiring five to seven weeks to prepare a request for quotation, while half indicated that completing the full bidding process takes between eight and twelve weeks. Additionally, one in four respondents could not identify their annual detention and demurrage expenditure.

By incorporating Drewry’s benchmarking data into Cargoo, users can evaluate carrier quotations against market reference rates as bids are submitted. Once contracts are awarded, the platform connects agreed freight rates with booking processes and invoice auditing, helping users identify potential discrepancies between contracted and invoiced charges.

Information on spending and operational performance can subsequently be used to inform future procurement exercises, linking the initial tendering process with contract execution and financial controls.

Cargoo’s platform brings together freight procurement, capacity allocation, booking management and shipment monitoring within a single digital environment. The integration with Drewry adds an external source of market benchmarking to these existing functions, without requiring eligible users to work separately between the two systems.

Broader application for container shippers

The partnership comes as freight procurement teams face ongoing challenges in managing container shipping costs, particularly where rate negotiations involve multiple carriers, trade routes and contractual structures.

Access to independent market benchmarks can provide a reference point when assessing freight offers, although actual contract rates remain dependent on shipment volumes, service requirements, commercial terms and prevailing market conditions.

Cargoo reports that its platform supports more than one million TEUs annually and manages over USD 1 billion in ocean freight expenditure. The company also states that it serves more than 4,800 businesses across over 100 countries.

The new integration is intended to make benchmarking information more accessible within existing procurement workflows, allowing participating shippers to assess market pricing while maintaining oversight of contract performance and freight expenditure.

Neither company disclosed the financial terms of the partnership or provided quantified savings resulting from the integration.