THE BALTIC Exchange has launched a new Time Charter Equivalent (TCE) earnings calculator aimed at dry bulk carriers, oil tankers, LNG and LPG carriers for predictive analysis.
The calculator provides output from a complicated set of operational variables into a normalised and comparable format, including for emissions regulation.
Baltic Exchange emissions lead Martin Crawford-Brunt said the tool aimed to enable more informed conversations between freight buyers and sellers.
“It’s a practical tool for owners, charters and brokers alike, to show the potential commercial benefit of efficiency measures,” he said.
“The clear display of the many freight components supports better-informed commercial decisions as it allow users to test alternative speeds and consumptions by route.”
Users can see the constituent parts of the standard calculation such as income lines, expenses, port and canal charges for transparent and accurate benchmarking.
The calculator was designed to play an increasing role as ships adapted to new trading patterns, driven by geopolitical tensions and shifts in global routes.
Baltic Exchange senior freight market assessor, Stephen Aitchison, said there had been a greater market demand for transparency and consistency in freight earnings comparisons.
“It allows users to assess their vessel against the trusted Baltic market standard, enabling them to understand the differential in $/mt or $/day,” he said.
“The new calculator builds directly on our established TCE benchmarks, turning a complex calculation into a clear, practical tool that reflects real-world trading conditions against the Baltic standard vessels and routes.”
The calculator complements other Baltic tools, including the FuelEU Maritime calculator and voyage cost estimators.
It enables users to assess the impact of fuel choices, emissions compliance, and efficiency improvements within a fully integrated framework.
The calculator builds on the Baltic’s long-standing TCE methodology, which has been used since 2008.