sp016 “The Voyage Estimator: Long Hand Voyage Calevaton Example eaj(o More Next Blog» Create Blog Sign tn The Voyage Estimator Dry Bulk Shipping voyage calculator, voyage estimator, voyage calculator software, voyage calculation ‘examples, port distance tables, Shipbrokers aid, shipowners aid, freight traders aid. Copyright © 2009- 2010 by Virtualshipbroker Minimum Software requirments ‘The sofware is only a small Long Hand Voyage Calculation Example 2oplcton Supported Operating Sot dows Seve 2008 For lose students an brokers ox thre wartngt eam more abut thea of Wnsows Serv 2008 cows fective Voyage Estimating please find below one ofthe VS's very own long hand cales Vista; Windows XP: Windows 7 fora well know bulk trade route, Buk cement from Asia to Europ. For the uninitiated - what lies below is the skeletal essence of READYTO GO the entire dry bulk industry. Beneath the thin layer of skin tissue remains the bones! Understand how to run ‘good" voyage calculations and you understand 90 percent of what it means to be a shipowner, freight trader and a great broker (fixing machine). The calculations may appear a little daunting at first but believe me if you take a day or so to work through some examples it will become much clearer in a very short time! Having said that, voyage estimation is as much of an art as it is a science. | will be revealing some of those artisitc secrets to (Gofom Zero to Hero! those who are up for it. Hang around! ‘Buy NOW: EURO $80.77 ” ‘ADD TART. VIEW CART ‘Anyway back tothe example at hand Details including costs are approximate in todays market Save mounanos tnyonty Cargo details Subscriptions 45,000 10 percent Cement {one sme payment compared tall Load: 1 Sa Kosichang Thailand ‘thers on the market) Discharge: Genoa italy ‘Advanced chartering too! Layean 1-10 Decamber Load speed: 20,000 Satpmshex How tobe a bulk shipowner Discharge Spoed: 10,000 Shine 2.5 percent adeam + 1.25 brokerage How tobe a freight tra Vessel ‘Advanced Shipbroking Methodology ip llvyage- estimate blogspot iv2008)08ong-hand.voyage-calculation-example im! 6sn016 “Te Voyage Estimator: Long Hand Voyage Calevaton Example [MV Jingo Jingo — Open Singapore 27 November 58,000 dwt SDBC on Draft 12.2 meter ssw ” Speed and Consumption: IFO (Fuel ol) 18.5 knats | 25mt (aden) 14 knots / 2imt (ollast) MDO (Diesel Oi 1.5mt at sea t mt in port “ust nisned reading your ‘station tutorial and t got my ‘mindup-and-running about shipping business. 1am very excitod aousearing this new ski and also Other details that you need to collate ‘need fo jump rightin orderto catehgood biz aid run the rst Vessel delivery will take place dop Singepore, ‘example ad not only ait work but = Vessels intake will be 49,500 mit bulk Cement ltveamed aot! willbe senaing you = Price of Bunkers: Spot Singapore prices IFO USD 423 / MDO USD 572 pmt ‘an emai wit a fw quastionsafor! Port Costs: Kohsichang USD 10,000, Genoa USD 56,000 ‘una few more examples. Fornow, here isthe trst ofa femiieas to -Miscollaneaus expenses: USO 5,000 pursue."(RA- South America) - Suez Canal cost: USD 203,000 = Suez canal Transit 1 day “Tenjoyed the tutorial very much = Net Dally Hice of the Ship (cost inthe open market to charter a ship on a Time charter Yoursvamplos av very Numinatiog basis): USD 10,000 per day prorat. and holptu. Rads CHot Singapore = Loacing wil take: 3.12 days + Discharging will ake: 4.95 days ‘phonomenal sofware" Ballast Distance Singapore to Load port 805 NM ~ Laden Distance 7,307 NM “yhaven told my boss hey will think have leamed ne mysett” Repositioning log distance 683 NM (position to Cape Passero) ianen (haba) Extra Salling Time allowed for bad weather: 1 day “Tum Time 12 hours both ends ‘this wi hele save time" ‘cheap and awosome. No yearly ‘subs =the accountants hoppy Task Nothing ese ike TS. Denmark) Prepare a Voyage Estimate to find out the PNT (per metric tonne) freignt rate fortis cargo to break even forthe owners. Free Canal ealeulatore alcuate the Voyage duration Step 1. Calculate the Voyage dural + Panama Canal Autry A) Ballast leg = 866 nm/296 (I4knols x 26 hours) = 2.57 days + Let Agencies -Bosphenus B) Laden Leg = 7307 nnv324 (13.5knots x 24 hours) = 22.5 days + Let Agencies -Suez CC) Repositioning Leg = 583 nnv336 (14 x 24 hours) = 1.74 days Total Salling days = 26.81 Translate? Plus days in pot = 8.07 days (8.07 loading and discharging plus 1 ¢ay in total tum time) Plus Bad weather = 1 day Plus Suez transit = 1 day Select Language ¥ Powered oy Google Translate Total estimated voyage Duration = 37.88 days. ‘Step 2. Calculate the Bunker / Fusl Costs 8) IFO (Fuel oil ast sea Ballast leg 21mt IFO per day x 2.87 days = 53.97mt Laden log 25 mt IFO per day x 22.5 days = 562.5 ml Repo leg 21 mt IFO per day x 1.74 days = 36.54mt Total cost: 653.01 mt x USD 423 = USD 276,223 Followers b)MDO (Diesel oi) at soa 1.5 mt per day x 26.81 days = 40.22 mt Total Cost: 40,22 x USD 572 = USD 23,006 )In Pert Consumption 9.07 aays x 1 mt MDO = 9.07 Mt MDO x USD 572 Total Cost = USD 5,188.04 Total Bunker cost (A+B+C) = USD 304,417 ‘Step 3. Calculate TC in Costs (Chartered in Vessel Costs } ip ioyage- estimate blogspot iv2008)08ong-hand.voyage-calcultion-example im!sn016 “Te Voyage Estimator: Long Hand Voyage Calevaton Example USD 10,000 por day x 37.88 days ISD 378,800 Stop 4. Results Calculate Total Voyage Costs 4. Total Bunker cost USD 304,417 2. Pott Costs USD 65,000 3. TC in Costs USD 378,800 4, Miscellaneous USD 5,000 5, Suez canal USD 203,000 Costs USO 956,217 Plus Commission of 3.75 percent of Total Cost USD 35,858 Total Voyage Cost USD 992075 Break even freight rate required to perform this voyage USD 982,075 / 49,500 mt cargo = USD 20.04 mt Final Result (Freight rate needed) = USD 20,00 per metric tonne (rounded) (daca -the exempt for than to lear the estimation process) by Tho ral Shpbroks at 1006 AM 20 comments: ‘Anonymous January 22,2010 at4.30 PM Hive, Does this sofa provide also actual laytimeldemurrage caloulatons 727 Bestrogards Reply ©_—_Trevirtua Shipbroker January 22,2010 at448 PM Nope Justa voyage calculation Reply Anonymous February 23, 2010 at 1:21 PM thanks dude, Reply _—_Tevirtuat shiporoker February 23,2010 at '31 PM Fightback at ya due! Reply Anonymous August 26,2010 at 1152 AM why include hire rate of 10000 § mt a TC costs as for owners twill be earnings fom CChartrors( mean this exampo is fom the view ofthe ship owner) Reply ip lvoyage- estimate blogspot iv2008)08ong-hand.voyage-calcultion-oxampla im! ny snd reeds shed kayo i astray ot Join this sito @ wen Google Frans Connact Members (20). srs oa aaa 22 a gaia ‘ready 2rmember? Sn > 20:08) ¥ 2009(6) > Docember (t) > octoner(2) ¥ September) The Voyage Estmator Pack Long Hand Voyage Caletaten Example “The Virtual Shipbrokers — ‘Voyage Calculation Blog TAKE ME BACK TO THE VIRTUAL, SHIPGROKER! + The Viral Shipbroker Blog Send a private email to MEL \iralshipbroker@yahoo.com TAKE ME BACK TO THE VIRTUAL + Vidual Shipbroker Blogsn016 ‘The Voyage Estimior: Long Hand Voyage Caledon Example ‘The Virtual Shipbroker August 26,2010 at 1:02PM | dort 100 percent understand the question but will ry and answer. The te hire rats in a voyage calelaton roprosents the te market rao of the ship. The idea of a voyage fae sto ind the voyage rate equivalent Hope tis helps. Reply Anonymous Ociober 15,2010 at 911 PM ice and thanks) Reply Anonymous Oscember 1, 2040 et 642 PM how do you calculate daysin port when sshex? Reply The Virtua! Shipbroker December 2,2010 at 4:10 AM How do you ealelate days in port sshex? ‘Answer easy, with my voyage calculation sofware! Reply Anonymous December 2, 2090 a1 12:47 PM | am a student and have 10 calculate manually, anyway, thanks for your quck response, Reply ‘Anonymous June 18,2012.a15:17 PM Is there miscalculatonin above Voyage Estimation? IFO+MDO for one exta tip day- bad woatver? MOO ‘or day congeston in Suez? ‘Thank you in advance for your reply. Reply ‘Anonymous Jsnusy 18,2013 at 2:37 PM tial period to testine program? Reply ‘Anonymous Janvary 20,2012 at7:15 AM ‘what does "Reposiioning leg distance" mean? ‘Thanks in advane. Reply The Virtual Shipbroker January 28,2019 at 3:30 PM IV the ship finishes discharging in an area where thelr are no cargoes then the shipowner may want factorin a repositoning lag whicn basicaly means ballasting to fan area where tere are lots of cargoes. hope thishelps. ip ivyage- estimate blogspot iv2008)08ong-hand.voyage-calculation-example im!sn016 “Te Voyage Estimator: Long Hand Voyage Calevaton Example Reply ‘Anonymous February 3, 2019 31958 PM HH lean notunderstand why you have Include the dally hire (10.0008) In the costWhy is ‘his owners cos? Tim a file confused, how the Time-Charor Equvalent and Voyage estimation connectos? tons! Reply Replies © Tre Virtuar sip 4 cor Fobruary 5, 2019 at 3:49 AM “The dally hire is not @ cost ts a benchmark. The prupose of a voyage caleulaton isto work out te per metic lonne (eg USO 32.00 prt eight rate fora plece of Business. This per meine tonne rate a funeton of Wo things 1. Costand 2. The time charter ate (daly) rate fortis ship inte open market “Thnk of ships ke houses. The price ofa house isnotreally function ofhe costo builé (although I sometimes i) ts 9 funeson of wnat someone Is wiling to pay frit(on te open marke! So you need to ‘plug in’ the dally hie rate o that you can ‘convert the caeulation to @ mesningtul voyage (per metictonne) answer. Is a difcult process to understand if you have never dene it beore. Do a few and you will start realise how itworks cheers Anonymous February 17,2014 at 9.20 AM Hi ‘The owner cost must add because the Investment for ship. Management cost, Dspreciaton, France, nlrest, Insurance Ship Stores, Repairs Ete are Ineided. Reply Anonymous Agus, 20°S 91947 PM Ire vessel isnot taken fortes it needed to a een for voy eateulation?? Reply Anonymous Noverber26, 2014 39:19 PM ‘bis has helped me so much. since Lm doing a course in Brokering and Chartering, Bless Reply Anonymous Nowomndor 19.2015 0110.28 AM 1, Why not inetuding bunkers fr Suez and for bad weather? 1 day exta per has been taken ini consiaeraton for voy Ym but na for Bunkers/MDO. A ship wll naturally us ‘more bunkers due to bad weather and the time charter mist cover aunkers ip loyage- estimate blogspot iv2008)08ong-hand.voyage-calcultion-oxample im!sn016 “Te Voyage Estimator: Long Hand Voyage Calevaton Example expens 2, Since the baliast leg lo loading ports included in the voy costit means thal he ship Is hited trom the port before loading por. However, he laycan does nat start botore 0° ec. think thatthe walng time prior to laycan (27n0v-01dee) should be included inthe toll voyage tine and therefore inezoase the broak oven amount, \Winy not including wating time for laycan in toal voyage time when you are inching the sailing isto laod por Reply Enter your coment. Comment as: Google Accour ¥ Newer Post Home: Older Post Subscribe o: Post Comments (Atom) Simple template. Powered by Blogoer. ip lvyage- estimate blogspot iv2008)08ong-hand.voyage-calcultion-oxample im!