A Seasonal Tradition Continues for Atobviac

Press Release
Monday, December 17, 2012

As far as seasonal customs go in the shipping industry, the advent of the New Year’s Wordscale tanker flat rates, currently arriving on desks worldwide, has proven to be one of the most reliable. And again, this reliability extends to the choice of AtoBviaC as Worldscale’s partner in calculating these rates.


For the ninth year in succession, new Worldscale flat rates have been calculated using round voyage distances taken from tables developed by AtoBviaC – the BP Shipping Marine Distance Tables - widely recognized as offering the gold standard for distance calculations.


“In today’s difficult business climate accurate data is essential to control costs,” says Bill Morris, Director of AtoBviaC. “Since AtoBviaC was launched we have worked hard to build a reputation for reliability, consistency and quality. We are delighted that Worldscale has again recognized that commitment to the industry and has shown its support for our quality product.”


AtoBviaC is the only company which offers routes calculated by Master Mariners. They are not supplied by a computer generated algorithm and so provide accurate, reliable calculations that can be trusted, taking into account issues such as traffic separation schemes and navigational restrictions.


“We are delighted to be again pairing with AtoBviaC,” said Robert Porter, Managing Director, Worldscale. “The BP Shipping Marine Distance Tables they produce are the industry standard when it comes to accurate distances and our customers expect nothing less than the best.”


Established in November 1952 by the London Tanker Brokers’ Panel at the request of British Petroleum and Shell, Worldscale is a unified system of establishing the cost of shipping oil from one port to another by sea. Its table of published rates covers 320,000 voyage permutations from one or more loads to one or more discharge ports. The freight for a given ship and voyage is normally expressed as a percentage of the published rate and reflects the freight market demand at the time of fixing.

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

Stolt-Nielsen Q4 Profit Misses Forecast

Shipping firm Stolt-Nielsen reported fourth quarter earnings below forecasts on Thursday and said it was concerned about the outlook for the chemical tanker market,

Wartsila Sees Low Oil Price Impacting Shipping

CEO cautious on 2015 outlook. Finnish ship engine and power plant maker Wartsila reported a smaller-than-expected quarterly profit and warned lower crude prices

Shipping Pollution Will Skyrocket -Study

International freight volumes will grow fourfold by 2050 while the average length of haul will increase by 12 percent over that time, trends that will cause a spike

Finance

Matson Announces Quarterly Dividend

Matson, Inc. declared a first quarter dividend of $0.17 per common share, the company’s board of directors announced. The dividend will be paid on March 5, 2015

Kirby Reports Record Earnings

Kirby Corporation announced record net earnings of $68.1 million, or $1.19 per share, for the fourth quarter 2014 (ended December 31). The results bested 2013’s fourth quarter figures of $64.

Baltic Sea Freight Index Falls to Lowest Level Since 1986

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, spiralled downwards to its lowest level in nearly three

News

Matson Announces Quarterly Dividend

Matson, Inc. declared a first quarter dividend of $0.17 per common share, the company’s board of directors announced. The dividend will be paid on March 5, 2015

Maintenance Woes Led to Digby Ferry Grounding

Maintenance deficiencies and inadequate emergency procedures led to November 2013 grounding of Princess of Acadia in Digby, Nova Scotia    Maintenance deficiencies

Hogan Named VP at Newport News Shipbuilding

Rob Hogan has been appointed vice president of manufacturing at the Newport News Shipbuilding division of Huntington Ingalls Industries (HII), the company announced.

Logistics

Stolt-Nielsen Q4 Profit Misses Forecast

Shipping firm Stolt-Nielsen reported fourth quarter earnings below forecasts on Thursday and said it was concerned about the outlook for the chemical tanker market,

China Watching Greece After Port Sale Shelved

China is closely monitoring the policies of the new Greek government after Athens said this week it will stop the sale of a majority stake in Greece's biggest port,

Shell Eyes Arctic Drilling this Summer

Oil major Shell wants to revive its Arctic oil drilling programme this year after a near two-year suspension, angering environmentalists who say the risk of an oil spill is too high.

 
 
Maritime Security Maritime Standards Navigation Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair 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: 0.2308 sec (4 req/sec)