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Welcome to the Braemar Shipping Services Glossary. This contains terminology used in the shipping industry.

Wet (market)Generic term for the tanker market.
WorldscaleAn international tanker rate schedule produced by the Worldscale Association that shows the costs (not freight) for a standard tanker on different voyages the main variables being distance, time, fuel consumed, the cost of fuel and port

To search the glossary please click A-Z to browse by initial, or click 'ALL'. Initials that have no glossary entries are greyed out.

AMEG: Middle East Gulf
USAC: US Atlantic Coast
USG: US Gulf
WAF: West Africa
TCE: Time Charter Equivalent
WS: Worldscale
TEU: Twenty Foot Equivalent Units