Drewry and CargoSmart extend partnership

Shipping consultancy will use more shipment data from software provider to give clients access to business intelligence.    The shipping consultancy Drewry and shipment management software solutions provider CargoSmart have expanded their cooperation agreement to cover a broader exchange of market intelligence data on the container shipping market.
   The two companies began cooperating in April 2012, when Drewry started using data from CargoSmart to augment its coverage of ocean carrier service reliability on key container shipping trades.
   “This broader collaboration will enable Drewry to take greater advantage of the data available from CargoSmart’s system,” said Martin Dixon, director of research products at Drewry. “It allows Drewry to bring more value to its customers and provide greater transparency on key aspects of the container shipping market.”
   Drewry began providing independent schedule reliability metrics, key performance indicators and container freight rate benchmarks in 2006. Drewry said it intends to bring more transparency, accountability and comparability in other key aspects of the container shipping supply chain, through the partnership with CargoSmart.
   CargoSmart boasts solutions for shippers, consignees, logistics service providers, and non-vessel-operating common carriers to manage their shipments throughout the supply chain.
   “CargoSmart’s shipment management software captures key data and metrics on the performance of the container shipping supply chain,” said Steve Siu, chief executive officer at CargoSmart. “We collect this data from multiple sources and analyze it to improve its completeness, accuracy and timeliness.”