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5/18/2018

Voyage Estimate Calculation


Bulk carrier to carry full cargo of grain from New Orleans to Rotterdam
after ballast voyage from U. K.

SHIP 30,000 tonnes d.w. summer draft 10.4m


37,500 cu.m. grain speed 14.5/15.5 knots loaded/ballast
32 tonnes high viscosity fuel per day plus 1.5 tonnes
Diesel oil at sea or in port. Daily running costs £ 2900 excluding capital
charges.

CARGO 28,000 tonnes grain. Loading rate 7,000 tonnes per day,
Discharging 4,000. Loading charge $1.00 per tonne.
Freight : $ 16.00 per tonne, free discharging
Brokerage etc. 5 percent, Assume 1 £ = $1.30

TIME Outward in ballast 4,800 miles at 15.5 2

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5/18/2018

Voyage Estimate Calculation contd..

Voyage Estimate Calculation contd..

Surplus has to cover loan interest and repayments and provides a


return on ship owner’s own capital. If actual loading and
discharging times differ from the assumed rates, demurrage or
despatch money will be payable.
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5/18/2018

Income Calculation
Calculate the freight rate between the Arabian Gulf and N.W. Europe for a
60,000 ton dwt tanker at W80 via the Cape or via a Suez Canal, given the
W100 rate.
Solution:
W100 via Cape = $ 28.00
W80= 0.80* 28.00 = $ 22.40 per ton Cargo

Annual income = $22.40 x say 56,000 tons cargo =$ 1254400


Less 2.5% brokerage =$ 62720
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Actual Income = $ 1191680

W100 via Suez laded and ballast = $ 17.00 + 3.00 canal dues
W80= (0.80 x 17.00)+ 3.0 = $ 16.60 per ton Cargo

Income = 16.60 x 57,000 = $ 946200


Less 2.5 % brokerage = $23655
Actual Income = $923,00