Worldscale: What Does It Actually Measure?

Worldscale (WS) is the dominant system for setting freight rates in ocean-tanker shipping. Its structure is hampered by administrative rigidity which easily disguises the effects of rate changes and complicates the comparison of rates between vessel size segments. The angle is the charterer's, and the shipowner is left to his/her own devices. The sparseness of spot rates between ports (not regions) and the individuality of flat rates due to varying port charges, make functional generalizations between WS and time charter equivalents (TCE) hazardous. The publishing of rate parameters for all ship segments and possibly port charges for each port would substantially upgrade the value of the system.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/2899960
• Supplemental Notes:
  • Abstract reprinted with permission from Taylor & Francis.
• Authors:
  • Johansson, Joachim
  • Laulajainen, Risto
• Publication Date: 2006-12

Language

• English

Media Info

• Media Type: Print
• Features: Appendices; Figures; References; Tables;
• Pagination: pp 477-495
• Serial:
  • Maritime Policy & Management
  • Volume: 33
  • Issue Number: 5
  • Publisher: Taylor & Francis
  • ISSN: 0308-8839
  • EISSN: 1464-5254
  • Serial URL: http://www.tandfonline.com/loi/tmpm20

Subject/Index Terms

• TRT Terms: Freight service; Ocean shipping; Rate making; Rates; Tanker shipping; Tariffs
• Identifier Terms: Worldscale
• Uncontrolled Terms: Freight rates; Time charter equivalent
• Subject Areas: Administration and Management; Freight Transportation; Marine Transportation;

Filing Info

• Accession Number: 01043469
• Record Type: Publication
• Files: TRIS
• Created Date: Mar 2 2007 11:18AM