Tide Signal Tools
Voyage Margin Calculator
Estimate freight revenue, commissions, voyage costs, commercial margin, break-even freight and optional TCE.
Freight
Voyage costs
Freight sensitivity
Freight-rate scenarios
Compares the same voyage costs across nearby USD/mt freight rates.| Freight rate | Gross freight | Net freight | Voyage margin | Margin / mt | TCE |
|---|---|---|---|---|---|
| Enter voyage data to generate scenarios. | |||||
Voyage estimation and freight margin
The calculator starts with cargo quantity multiplied by freight rate to estimate gross freight. Broker and address commissions are deducted from gross freight, followed by the entered bunker, port, canal and other voyage costs.
Break-even freight rate
Break-even freight estimates the USD per metric ton required for net freight, after the entered commission percentages, to cover the entered voyage costs. It is useful for quick commercial comparison around a quoted rate.
TCE reference
When voyage duration is entered, the tool divides the estimated voyage margin by voyage days to provide an indicative daily TCE reference. Company voyage-estimation methodology may include additional adjustments and should govern official decisions.
Commercial calculation disclaimer
Actual voyage economics depend on charterparty terms, freight payment structure, vessel performance, waiting time, demurrage or dispatch, bunker consumption, port costs, canal dues, exchange rates and other commercial details. This tool is an indicative working reference only.
Voyage Margin Calculator FAQ
What inputs are required?
Cargo quantity and freight rate are required. Commissions and voyage costs are optional but materially improve the estimate.
What is break-even freight?
It is the approximate freight rate per metric ton required for the entered net freight to cover the entered voyage costs after commissions.
What does the TCE figure represent?
It divides the calculated voyage margin by the entered voyage days to provide an indicative daily earnings reference.
Can this replace an official voyage estimate?
No. Official voyage economics should be checked against charterparty terms, fixture details, vessel data and company methodology.