Charter Rate (TCE) Calculator
Calculate time charter equivalent from voyage economics including freight revenue and voyage expenses.
Inputs
$
days
$
$
$
%
Results
Time Charter Equivalent
$9,375.00
Voyage Profit
$281,250.00
≈ 7 Teslas
Annual TCE$3,421,875.00
Net Revenue$481,250.00
Total Voyage Expenses$200,000.00
Break-Even Freight$207,792.21
How to Use This Calculator
- Enter freight revenue, voyage duration in days, and total fuel cost in dollars.
- Input port costs, canal/transit fees, and broker commission percentage.
- Review the Time Charter Equivalent (TCE) in $/day — the key shipping profitability metric.
- Check voyage profit to determine if the voyage is commercially viable.
- Compare TCE against prevailing market rates to evaluate the charter opportunity.
How the result changes with Freight Revenue
| Freight Revenue | Time Charter Equivalent | Voyage Profit |
|---|---|---|
| $5,000,000.00 | $153,750.00 | $4,612,500.00 |
| $17,500,000.00 | $554,791.67 | $16,643,750.00 |
| $32,500,000.00 | $1,036,041.67 | $31,081,250.00 |
| $45,000,000.00 | $1,437,083.33 | $43,112,500.00 |
What each input means
- Freight Revenue
- Total freight revenue for the voyage.
- Voyage Duration
- Total voyage days including port time.
- Fuel Cost
- Total bunker fuel cost for the voyage.
- Port Costs
- Total port charges for all ports of call.
- Canal / Transit Fees
- Canal transit fees (Suez, Panama, etc.).
- Broker Commission
- Total broker and address commission percentage.
How this is calculated
Worked example, using the default values
- Identify Input Parameters4 parametersFreight Revenue = 500000, Voyage Duration = 30, Fuel Cost = 150000, Port Costs = 50000 = 6 input(s) provided
- Calculate Time Charter EquivalentTime Charter Equivalent9375 = $9,375
- Calculate Voyage ProfitVoyage Profit281250 = $281,250
- Calculate Annual TCEAnnual TCE3421875 = $3,421,875
- Calculate Net RevenueNet Revenue481250 = $481,250
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