CONTAINER VESSEL

VOYAGE ESTIMATE

The vessel Sun Glory is a container vessel with 1800 slot capacity. Its GRT is 12888 and NRT is 10780d Daily bunker consumption MTons/per day FO DO @ sea 30 03 00 04 @ port

The distance between Chennai and Laem Chabang is about 2347Nm. The speed is 18 knots. The port disbursement at Madras and Laem Chabang can be taken as USD 10500 and USD 9500 respectively. The light dues are Rs.14/NRT in India. Assume freight rate to be : USD 200/TEU EB & USD 225/TEU WB. Double for 40ft. Assume that there are 1200 slots for 20ft containers and the rest are for 40ft. Calculate the voyages surplus for at least 3 levels of loading. You may assume any detail that is not mentioned here in reasonable manner. What will be the daily voyage surplus assuming the daily running cost is USD 14000?

List the available data : Vessel capacity 1800 slots (TEU) 2347 Nm

Distance between Madras and Singapore Speed Light dues Port disbursement @ Madras Port disbursement @ Singapore Daily running cost Freight EB Freight WB Slot capacity

18 knots INR 14/per NRT USD 10500 USD 9500 USD 14000 USD 200/TEU double for FEU USD 225/TEU double for FEU 1800TEU

If 1200TEU are 20ft, the remaining 600slots can take 600/2 = 300/40ft = 1500 units Prepared by H.S. Premkumar

CONTAINER VESSEL

VOYAGE ESTIMATE

Workings: 1. Sailing time between Chennai and Laem Chabang = Distance/Speed 2347nm/18knots =130.38 Hrs Say 130 Hrs. Convert this to number of days. 24Hrs = 1day 2. Light dues 130 Hrs = 1x130/24 = 5.4 days Say 5.5 for calculation purpose. Rs. 14/per NRT Say US$ 3354.00

10780NRT x Rs.14 = Rs.150920/45 = US$ 3353.77 Exchange rate US$ 1 = Rs. 45 (assumption) 3. Loadings Level I 100% 1200 300 Level II 90% 1080 270 Level III 80% 960 (TEU) 240 (FEU)

Total number of containers = 1200 + 300 = 1500 containers/units 4. Revenue calculation East bound Level I 1200 x 200 = 192000 300 x 400 = 96000 ----------360000 5. Revenue calculation West bound Level I 1200 x 225 = 270000 216000 300 x 450 = 135000 108000 Prepared by H.S. Premkumar Level II 1080 x 225 = 243000 270 x 450 = 121500 Level III 960 x 225 = 240 x 450 = -------------324000 ----------288000 240000 120000 Level II 1080 x 200 = Level III 216000 960 x 200 =

270 x 400 = 108000

240 x 400 =

CONTAINER VESSEL

VOYAGE ESTIMATE -------------364500 ----------324000

----------405000

6. Assumption on ports working - 3 Gantry cranes operating @ 30 moves per hour 30 containers per hour/per gantry crane = 90 containers per hour Total number of container are 1500 / 90 = 16.66 Hrs the rest of the time is taken for arriving/berthing/departure. Therefore, one day at each port. 1 day at Chennai and 1 day at Laem Chabang = 2 days 7. Voyage cost : Assume the rate of FO @ USD 420 MTon and DO @ USD 630/MTon Cost of FO while at sea Cost of DO while at sea Cost of DO while at port Light dues 420 x 30 x 5.5 630 x 3 x 5.5 630 x 4 x 2 = = = $69300 = $10395

$ 5040 $ 3354 = (Rs. 150920/45)

Rs. 14/NRT 10780NRT

Port disbursement @ Madras Port disbursement @ Singapore Total =

$10500

$ 9500

= US$ 108089

Calculation of voyage surplus at the end of voyage = Revenue minus Voyage Cost (Fixed + Operating cost) Voyage Cost = US$ 14000 x 7.5 = US$105000 + US$ 108089 = US$ 213089 East bound Level I Level II 14788 Revenue = USD 360000 less 213089 = US$ 146911/7.5 = US$ 19588 = US$ 110911/ 7.5 = US$

Revenue = USD 324000 less 213089

Prepared by H.S. Premkumar

CONTAINER VESSEL Level III

VOYAGE ESTIMATE = USD 74911/ 7.5 = US$ 9988

Revenue = USD 288000 less 213089

West bound Level I Level II 20188 Level III Revenue = USD 405000 less 213089 = US$ 191911/7.5 = US$ 25588 = US$ 151411/7.5 = US$

Revenue = USD 364500 less 213089 Revenue = USD 324000 less 213089

= USD 110911/ 7.5= US$14788

arithmetic symbols used: x multiplication; - subtraction; + addition; / division; = equals

Prepared by H.S. Premkumar