Origin Port (Load & Return)
LADEN: 6,100 NM
Destination Port (Discharge)
Quick Tanker & Bulk Corridors:
VLCC (~2M bbls / 270k MT)
1. Voyage & Port Schedule
NM
NM
days
days
days
days
2. Speed & Bunker Consumption
kts
kts
Main Engine / Boiler Fuel Oil (VLSFO/IFO)
MT / Day
Auxiliary Generator Diesel (MGO/MDO)
MT / Day
3. Commercial, Cargo & Bunkers
Cargo Intake (Metric Tons & Barrels)
MT
bbls
$
/day
%
$
/MT
$
/MT
$
$
$
Required Gross Spot Rate
Incl. 2.50% Comm
$14.12
/ MT
Per Barrel:
$1.93 / bbl
Gross Freight Lump Sum:
$3,852,410
Net Spot Rate (Excl. Comm)
$13.77
/ MT
Per Barrel:
$1.88 / bbl
Net Freight Required:
$3,756,100
Total Voyage
74.95 d
63.5d Sea / 11.5d Port
Target TCE Hire
$1,236,620
$16.49 / MT cargo
Total Bunkers
$1,164,407
1,984 MT Fuel
Port + Canal + Comm
$257,183
Voy Cost: $1,329,407
Round-Trip Duration Breakdown
Total: 74.95 Days
Laden Sea
32.5d
Ballast Sea
30.2d
Extra Sea
1.0d
Total Port
11.5d
Gross Freight Cost Structure
100% = $2,458,210TCE Hire
48.2%
Fuel Oil
40.1%
Diesel/MGO
4.0%
Port & Misc
4.0%
Commission
3.75%
Bunker Consumption & Cost
Sea vs. Port| Phase / Grade | Qty (MT) | Cost ($) |
|---|---|---|
| FO at Sea (Laden) | 1,039.5 | $608,108 |
| FO at Sea (Ballast) | 830.7 | $485,960 |
| FO in Port (Idle/Boiler) | 28.8 | $16,819 |
| Total Fuel Oil (VLSFO) | 1,899.0 MT | $1,110,886 |
| Diesel / MGO at Sea | 95.6 | $75,534 |
| Diesel / MGO in Port | 34.5 | $27,255 |
| Total Diesel (MGO/MDO) | 130.1 MT | $102,789 |
Total Voyage Bunker Cost
$1,213,675
Voyage Financial Summary
$/MT • $/bbl • Total| Cost Component | $/MT | $/bbl | Total ($) |
|---|---|---|---|
| Total Bunker Cost | $5.42 | $0.74 | $1,478,000 |
| Origin & Dest Port PDA | $0.88 | $0.12 | $240,000 |
| Canal & Misc Expenses | $0.15 | $0.02 | $40,000 |
| Total Voyage Expenses | $6.45 | $0.88 | $1,758,000 |
| Target TCE Hire | $7.32 | $1.00 | $1,998,100 |
| Net Freight Required | $13.77 | $1.88 | $3,756,100 |
| Commissions (2.50%) | $0.35 | $0.05 | $96,310 |
Gross Freight Required
$3,852,410
Spot Rate Sensitivity Matrix (Gross $/MT & $/bbl)
Comparing Target TCE ($/day) vs. VLSFO Fuel Oil Price ($/MT)