Industry package
Shipowner & Ship Management
Fleet & Vessel · Voyage & Chartering · Maintenance · Finance
- 25 full users
- 2 sites
- 13 modules
Free tool
Daily TCE Comparison
Compare the voyage TCE with a time charter offer and daily operating expenses to see which is more profitable. No sign-up needed; results update as you type.
See the system that does this automaticallyOpen the live demoDaily TCE Comparison: worked example
Example values: Voyage TCE 15,600 USD, Time charter offer (daily, net) 14,500 USD, Daily operating expenses (OPEX) 5,200 USD, Voyage days 16 days. With these values the results are:
| Daily difference | 1,100 USD |
|---|---|
| Difference over the voyage | 17,600 USD |
| Daily profit after OPEX | 10,400 USD |
| Result | Voyage charter is more profitable |
How to use: Daily TCE Comparison
- Enter your own values: Voyage TCE, Time charter offer (daily, net), Daily operating expenses (OPEX), Voyage days.
- Choose the currency; money inputs are converted at an approximate rate.
- Results are calculated as you type: Daily difference, Difference over the voyage, Daily profit after OPEX, Result.
- Check every step of the calculation in the formulas below.
How is it calculated?
- Daily difference = [Voyage TCE] − [Time charter offer (daily, net)]
- Difference over the voyage = ([Voyage TCE] − [Time charter offer (daily, net)]) × [Voyage days]
- Daily profit after OPEX = max([Voyage TCE]; [Time charter offer (daily, net)]) − [Daily operating expenses (OPEX)]
Other tools running on Voyage Economics Engine
Calculates voyage result and TCE from distance, speed, sea and port days, fuel, port, canal and hire costs.
FCRSOFT
FCRSOFT does this for you automatically
You don’t need to do the calculations and checks on this page by hand every day. FCRSOFT derives them all automatically from the records entered in the field.
- Fuel, port and canal costs are recorded for every voyage.
- TCE and voyage result are compared as estimate versus actual.
- Bunker purchases and consumption are tracked per voyage.
Frequently asked questions
How is Daily TCE Comparison calculated?
Compare the voyage TCE with a time charter offer and daily operating expenses to see which is more profitable. The calculation uses Voyage Economics Engine: Calculates voyage result and TCE from distance, speed, sea and port days, fuel, port, canal and hire costs.
How is Daily difference found?
Daily difference = [Voyage TCE] − [Time charter offer (daily, net)]. With the example values (Voyage TCE 15,600 USD, Time charter offer (daily, net) 14,500 USD, Daily operating expenses (OPEX) 5,200 USD, Voyage days 16 days) the result is 1,100 USD.
Worked example: Daily TCE Comparison
Example values: Voyage TCE 15,600 USD, Time charter offer (daily, net) 14,500 USD, Daily operating expenses (OPEX) 5,200 USD, Voyage days 16 days. Daily difference: 1,100 USD; Difference over the voyage: 17,600 USD; Daily profit after OPEX: 10,400 USD; Result: Voyage charter is more profitable.
Is Daily TCE Comparison free?
Yes. The tool is free, needs no sign-up and runs in your browser; the data you enter is not stored.
Can FCRSOFT do this calculation automatically?
FCRSOFT records each voyage’s estimate and actual and calculates TCE automatically. You can try the Shipowner & Ship Management package in the live demo without installing anything.
Which currency can I calculate in?
Choose one of 28 currencies in the currency selector; monetary inputs are converted at an approximate rate. To use your own rate, enter the amounts directly.
FCRSOFT solutions
All inclusive
Enterprise Site — all products
Farm · Hatchery · Feed ERP · Processing · WMS & Supply · Sales & CRM · Finance · Maintenance · Trace & Cold Chain · B2B Commerce · Fleet & Vessel · Voyage & Chartering · Trade & Customs · Freight & Container
- 30 full users
- 1 sites
- 69 modules
