Voyage Estimator
Calculate the Time Charter Equivalent (TCE) of a proposed voyage to accurately compare it against current daily market rates. This tool provides an immediate, browser-based calculation with zero latency.
The Core Question: Is this voyage profitable compared to market average?
Net Revenue
$
Total Costs
$
Daily TCE
$/day
Market Fact
In 2023, bunker costs accounted for approximately 45-50% of total voyage expenses for Capesize vessels, making accurate consumption estimates critical for TCE calculations. Source: Clarkson Research Services, 2023
Common Mistakes
- Forgetting to deduct address commission from the gross freight before calculating net revenue.
- Underestimating port days, which drastically reduces the Daily TCE because it increases both total duration and bunker consumption at port.
Natural Next Step
Once you have established the TCE, you must ensure the bunker conversions are accurate if quoting in different units.
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