TCE Calculator
Enter the voyage basics — distance, speed, consumption, freight and bunker price — and see the voyage days, the bunker bill and the time charter equivalent per day. No account needed.
Voyage inputs
Quick estimate on manually entered figures. "Other costs" is a lump sum for port DAs, canal dues and commissions if you want them reflected.
Your result
TCE = (gross freight − bunker − other costs) ÷ total voyage days. The single figure that lets voyages of different lengths be compared side by side.
Bunker is the largest voyage cost that moves week to week. The band shows how sensitive this voyage’s TCE is to the price you actually fix.
Planning estimate on the figures entered — weather, canal transits, waiting time and port cost detail will move the real result.
This is the quick version.
The full estimator works port-to-port: automatic distances, Suez/Panama canal fee estimates, weather and seasonal factors, draft checks, full P&L — and the voyage’s EU ETS cost and CII effect alongside. Free for shipowners.
What is TCE?
One number for any voyage
Time Charter Equivalent converts a voyage-charter result into a per-day figure: net voyage earnings divided by voyage days. It is how a 20-day and a 60-day employment can be compared on equal footing.
Bunker drives it
On most dry-cargo voyages fuel is the single biggest variable cost. A $50/MT move in the bunker price can swing the TCE by four figures a day — which is why the price band matters more than any single quote.
The quick math, honestly
Sea days = distance ÷ (speed × 24). Bunker = sea days × sea consumption + port days × port consumption. TCE = (freight − bunker − other costs) ÷ total days. This page does exactly that — nothing hidden.
Frequently asked questions
Where do I find the distance?
Any distance table or your chartering desk’s standard figures work. The full BunkerIstanbul estimator computes port-to-port distances automatically, including canal and cape routings.
What should go into "other costs"?
Whatever you want reflected as a lump sum: port disbursements, canal dues, brokerage and address commissions, ILOHC — anything that reduces the net. Leave it at zero for a pure freight-vs-bunker view.
Why is my TCE negative?
The costs entered exceed the gross freight — the voyage loses money on these figures. Common causes: bunker price spike, long ballast leg folded into the distance, or a freight rate below breakeven.
Does this include EU ETS or FuelEU costs?
Not in this quick version — carbon costs are voyage-dependent (EEA geography). The free EU ETS calculator on this site prices that separately, and the full estimator carries it inside the voyage P&L.
The carbon side of the same voyage — price the EUA cost of the fuel this voyage burns.