Debt Service Break-Even

Debt Service Break-Even is calculated by taking the debt service per day and adding the OPEX per day, including provisions for periodical dry docking (DD)/special survey (SS). If the debt service per day is USD6,780, the OPEX (excluding drydocking) is USD5,800 per day, and the estimated cost of the next drydocking is USD250,000 with 887 earnings days (30 months adjusted for ten days off-hire per year) to the next dry docking, then the debt service break even is USD12,862 per day, which is the required time-charter equivalent (TCE) earnings per day, net of any commissions payable.

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