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Chartering and Commercial

Worldscale

A standardised index expressing tanker freight as a percentage of a published flat rate calculated for each specific route and vessel size, allowing rates on different routes to be compared on one consistent scale.

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Related Zea Notes

VLCC Chartering Explained: Size, Trades and the Charter PartyThe VLCC is the workhorse of the crude oil trade — 200,000 to 320,000 dwt, built for the long-haul routes where scale beats speed. Here is how VLCC chartering actually works.Crude Oil Shipping: Routes, Vessel Sizes and How Freight MovesCrude oil is the largest single cargo category in seaborne trade by tonne-mile. Here is how it actually moves, on what vessels, and what drives the freight.