Challenge / Pain Point
Overpayment can hide inside line items even when total FDA looks reasonable.
Port, country, and unit differences make manual comparison inconsistent and hard to defend.
Teams need evidence before approving spend or challenging an agent quote.
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Husbandry: the most overlooked lever in vessel OPEX
Learn where husbandry costs leak, how to benchmark agent quotes before you commit, and what it takes to make every DA defensible.
Our Solution
Rate Benchmarking gives ship managers a structured view of their own average FDA rates versus the market, broken down by country, port, and cost item. It brings together own DA volumes, average FDA cost item values, benchmark units, and market comparison in one analytical workflow.
The result is faster identification of outliers, stronger negotiation leverage, and clearer commercial justification for each husbandry decision.
How it works
A practical workflow for identifying rate variance and taking action.
Select the geography and expand the hierarchy
Choose a country or port, then drill into the service-item view to find the line item driving spend.
Check the data depth behind the benchmark
Review own DA count and average FDA at the selected level to confirm enough operational history.
Read the benchmark in the correct unit
See the unit used for benchmarking — it differs by cost item to keep comparisons accurate.
Compare own rate to market and act
Compare your rate vs market to identify above-market items and prioritise negotiation.
Core capabilities
Drill from country to port to service item
Expand from geography into individual cost items so teams can isolate where a rate issue is occurring.
Compare own rate vs market
See own average rates beside market benchmarks to understand whether an item is above, at, or below market.
Benchmark using the observed unit
Interpret each cost item in the right commercial unit such as trip, pax, room/night, or weight unit.
Ground analysis in actual DA activity
Use the number of own DAs and the average FDA amount to judge whether a benchmark is meaningful and commercially relevant.
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