Worldscale Rates Down Slightly for Year

Monday, November 05, 2001
On the whole there will only be small downward changes in the 2002 Worldscale Flat rates compared to those for 2001. The reason for this is only a small reduction ($6.50) in the world wide average price for bunker fuel used in the 2002 Worldscale Schedule, and a fairly stable US Dollar. Most changes will be in the -2% to 0% range with only a few marginal increases. The worldwide average price for bunker fuel (380 cst) in the period 1st October 2000 to 30th September 2001 is $143.25, and this is the assumption upon which the 2002 WS Flat rates are based, compared with USD 149.75 for the 2001 Schedule. The Worldscale Schedule for 2002 will be issued mid-December and will take effect on 1st January 2002. A notice indicating some of the changes will be issued mid-November. (Source: INTERTANKO News)
Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

For Europe's LNG Ports, Russia Gas Fears and US Exporters Buoy Demand

Gas buyers nervous of Russia cutting supply are helping solve Europe's problem of too many underused liquefied natural gas (LNG) terminals, as they seek space at France's Dunkirk plant.

Buckeye Pipeline Quietly Makes Key Acquisition

Houston-based logistic firm Buckeye Partners has spent more than $3.5 billion buying assets since 2010, transforming itself from a quiet regional pipeline utility into an emerging energy powerhouse.

Scorpio Tankers Receive 7 More Newbuildings

Scorpio Tankers Inc. say it has recently taken delivery of seven newbuilding vessels as follows: STI Madison and STI Park, LR2 product tankers, were delivered

 
 
Maritime Careers / Shipboard Positions Naval Architecture Offshore Oil Pipelines Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0974 sec (10 req/sec)