Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. Sign in to the product or service center of your choice.
The Freight Rate Forecast integrates key variables that influence freight rates. Using maritime and connected industry data sets only available from IHS, we dynamically model freight rates from year to year as a function of ship and tanker availability, oil market fundamentals, macroeconomic developments, financial markets and trends. The table below provides an overview of some key drivers used for the Freight Rate Modelling.
|Economic Factors||Supply Factors||Financial Factors||Industry Factors|
Make sure you’re using the most accurate information for your most expensive decisions
In the example on the right, you can see how the Freight Rate Forecast for the VLCC class size transporting MEG from Japan compared to actual results. Forecast accuracy by month was 96% and by year was 99%.
With responsibility for managing one of the world’s foremost shipping channels, this agency set out to estimate how a planned $5 billion expansion would impact its revenues. Its managers successfully predicted how the canal’s expanded capacity might transform its market share – including a 140% increase in petroleum products transit by 2017.Learn More About Our Customers Success
One of the world’s largest consumer brands and maker of popular men’s razor blades recently came up with a very clever and interesting way to use PIERS data for competitive intelligence.Learn More About Our Customers Success
This leading marine classification society -- which establishes standards for the design, construction and operation of vessels -- has ready access to the largest source of data in the maritime industry. Its analysts save time with a direct connection between continually-updated ships, casualty and ports data and their own applications.Learn More About Our Customers Success
A global leader of maritime products/services tightened processes across the organization for monitoring market conditions and appending internal records. It streamlined invoicing and eliminated duplication of records by implementing unique ship/company identification numbers.Learn More About Our Customers Success