Tankers: Higher Bunker Costs Will Lead to Increased WS100 of up to 17%

With bunker costs now at an average of 30% higher compared to the comparative period of the past year, it’s inevitable that Worldscale Rates (WS), the standard used to determine tanker freight rates in benchmark routes is bound to shift this year. In its latest weekly report, shipbroker Gibson noted that “the concept of Worldscale …