https://youtu.be/sbP5z-cXdDM?si=hBaFdbtPgz7BRT4M

Objective

Learn how to compare different vessels on the same trade route to determine which vessel offers the best economic performance for charter fixtures.

What You'll Accomplish

• Set up identical voyage parameters for multiple vessels
• Compare vessel performance metrics side-by-side
• Identify fuel consumption differences between vessels
• Make data-driven vessel selection decisions
• Calculate expected P&L differences for vessel fixing

Before You Start

Ensure you have:

• Access to multiple vessels in your fleet or charter options
• Voyage details (departure/arrival ports, laycan)
• Target speed requirements
• Basic commercial terms for comparison

Step-by-Step Instructions

1. Create Your First Vessel Simulation

• Select your first vessel (e.g., M/V Expedition)
• Input voyage parameters:
  • Departure and arrival ports
  • ETD (Estimated Time of Departure)
  • Speed over ground (e.g., 12 knots)
  • Draft (laden or ballast as appropriate)
  • Fuel costs (VLSFO/MGO)