The Baltic Exchange has introduced a new Time Charter Equivalent (TCE) earnings calculator aimed at enhancing transparency and consistency in freight assessments amid a complex market landscape. Building on its established TCE methodology from 2008, the calculator allows users to view detailed elements of the standard calculation, including income sources, expenses, and port charges, promoting accurate benchmarking.
Stephen Aitchison, Senior Freight Market Assessor at Baltic Exchange, noted that market participants have sought improved transparency in freight earnings comparisons. The new tool transforms a complicated calculation into a straightforward resource that mirrors real-world trading conditions for Baltic-standard vessels and routes.
Currently, the calculator focuses on dry bulk carriers, oil tankers, LNG, and LPG carriers, reflecting standardized Baltic routes in these sectors. Future updates are anticipated to incorporate complex emissions regulations and other operational factors.
Additionally, this calculator complements other Baltic tools, such as the FuelEU Maritime calculator and voyage cost estimators, providing a comprehensive framework for analyzing fuel choices, emissions compliance, and efficiency improvements. This initiative underscores Baltic’s commitment to clarifying freight markets as the industry faces growing regulatory and operational challenges.
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