Net voyage profit = freight − voyage costs − OPEX × days.
Formula
$$ \text{Profit} = F \cdot (1 - c) - C_\text{voyage} - \text{OPEX} \cdot t $$
Symbol legend
| Symbol | Meaning | Unit | Source |
|---|---|---|---|
| $F$ | Gross freight | USD | fixture |
| $c$ | Address commission | - | broker |
| $C_\text{voyage}$ | Voyage costs | USD | DA + bunker |
| $t$ | Round voyage days | d | schedule |
Sources
- Stopford - Maritime Economics.