Bench EnergyClosed-bid freight tendering for commodity traders
Replace chaotic email tendering with closed, auditable tenders. Teams typically see ~18% lower freight rates, faster awards, and full audit trails for compliance.
15+
Trading companies
$1.2B+
Freight managed
18%
Avg. rate reduction
Closed-bid freight tendering · Why email tendering fails · Complete guide to freight procurement · Blog & analysis
Trusted by commodity and chemical traders
2,000+ tenders processed · benchmarked savings vs. email tendering
Two ways Bench Energy helps trading desks
Software for freight procurement plus market intelligence — so you can tender better and read the market faster.
FreightTender
Closed-bid freight tendering with structured offers, no broker cross-visibility, and a full audit trail. Built for commodity and chemical traders who outgrew email.
Explore FreightTenderMarket intelligence
Daily coal and freight context — news, analysis, and data points traders use to time cargoes and benchmarks. Free brief; premium research optional.
Read news & analysisCoal & freight benchmarks
Ranges from recent public news (updated by our pipeline). Same data powers the Daily Brief.
The Hidden Cost of Email-Based Tendering
Average demurrage and procurement inefficiency can cost millions per year. Here’s what changes with FreightTender.
Email-based tendering
- × Average demurrage: $50,000 per incident
- × 35% of vessels incur demurrage due to procurement delays
- × 2–4 days lost per tender cycle in email coordination
- × 15–25% rate premium from broker collusion
- × Zero audit trail for compliance
FreightTender solution
- ✓ Demurrage reduced by 30–50% through faster tender cycles
- ✓ Closed bidding prevents rate manipulation
- ✓ 60% reduction in administrative time
- ✓ Complete compliance audit trail
- ✓ Real-time decision visibility for management
Trusted by Leading Commodity Traders
See how teams are cutting demurrage, speeding tenders, and gaining full visibility.
“FreightTender reduced our freight procurement cycle from 5 days to 18 hours and saved us $340K in our first year.”
“The audit trail alone justified the investment. Our CFO finally has full visibility into freight decisions.”
“We prevented a $180K demurrage incident because we could award freight 2 days faster than our email process.”
Why FreightTender?
Stop losing time and money on email-based freight tendering. Get structured offers, closed competition, and full auditability.
Closed Competition
Brokers can't see each other's offers. No information leakage, no manipulation. True competitive bidding in a private environment.
Structured Offers
Standardized format eliminates errors and misinterpretation. All technical terms captured systematically. No more rewriting or manual data entry.
Full Auditability
Complete audit trail of all offers, decisions, and communications. Transparency where you need it, privacy where you don't.
Guides & Resources
Expert guides on freight procurement, cost reduction, compliance, and best practices for commodity traders.
How FreightTender Works
A simple, powerful platform designed specifically for commodity and chemical traders
Built for Commodity & Chemical Traders
FreightTender is designed specifically for companies that need structured, competitive freight tendering without the chaos of email chains
Commodity Trading Companies
Streamline your freight tendering process. Get better rates through true competition while maintaining complete privacy and control.
Chemical Trading Desks
Eliminate email-based coordination headaches. Standardize your tender process and get all offers in one structured view.
Ready to Transform Your Freight Tender Process?
Book a 15-minute walkthrough — real system, no slides. Or explore FreightTender on your own first.
Or contact us: support@bench.energy | @Bench_energy
Frequently Asked Questions
Everything you need to know about FreightTender
What is FreightTender?
FreightTender is a closed tender platform designed specifically for commodity and chemical traders. It replaces email-based freight tendering with structured offers, closed competition (brokers can't see each other), and full auditability. You get better rates through true competition while maintaining complete privacy.
How is FreightTender different from email tendering?
Email tendering has major problems: brokers can see each other's offers (information leakage), unstructured data requires manual entry, and there's no audit trail. FreightTender solves all of this with structured offers, closed competition, and complete transparency where you need it.
Who can use FreightTender?
FreightTender is designed for commodity trading companies and chemical trading desks that need to tender freight regularly. If you're currently using email to coordinate freight tenders with multiple brokers, FreightTender will streamline your process significantly.
How do I get started?
Contact us at support@bench.energy or @Bench_energy to request a demo. We'll show you how FreightTender works and help you set up your first closed tender.