Fleet Budget • TCE / Charter Cash Inflow • Vessel OPEX • G&A • Debt Service • Drydock / CAPEX • Cash Burn • Minimum Liquidity • Runway

Fleet Operating Budget, Cash Burn & Liquidity Runway Tool

Turn a fleet operating plan into a treasury view. Simple mode converts average fleet earnings and OPEX into annual cash generation or burn, break-even TCE and liquidity runway. Advanced mode builds the budget by fleet segment, separates vessel cost heads from corporate cash uses, schedules major cash events month by month, and tests how earnings and OPEX stress affect minimum liquidity.

Currency Figures represent
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Fast fleet treasury screen: 10 inputs. Simple treats entered earnings as TCE / net charter earnings before vessel OPEX. Cash runway uses unrestricted cash first and then accessible undrawn committed liquidity, while preserving the entered minimum cash reserve.
BudgetAnnual fleet cash plan
BurnMonthly cash generation / use
RunwayCash-only & total liquidity

Fleet Budget Snapshot

Vessels represented by the average assumptions below.
Currency/day per vessel, net of voyage expenses.
Use to reflect off-hire, idle time and drydock days.
Currency/day per vessel, over 365 days.
Million/year.
Million/year, principal + cash interest.
Million/year.
Million. Restricted cash is excluded.
Million available for liquidity support.
Million. User-entered covenant or treasury floor.

Liquidity & Forecast Horizon

Million available cash.
Million shown for visibility but excluded from runway.
Million undrawn at forecast start.
Use a haircut if not all undrawn capacity should be treated as available liquidity.
Million, user-entered treasury or covenant floor.
%/year applied monthly.
%/year applied monthly.

Fleet Segment Budget

Enter fleet groups instead of individual ships where appropriate. Earnings are modeled on revenue-earning days; vessel operating cost heads are applied over 365 calendar days. Insurance is kept visible as its own cost head because budget definitions differ across owners and benchmarking frameworks.

Use Fleet segment Vessels Net earnings / day Earning days / vessel Crew / day Repairs & maint. / day Stores / spares / lubes / day Insurance / day Mgmt / other / day

Recurring Corporate Cash Uses

Million/year.
Million/year principal + cash interest.
Million/year.
Million/year. Set 0 when excluded from liquidity planning.

Scheduled Cash Events

Use month-specific events for drydock, special survey, retrofit, newbuild installments, acquisitions, vessel sales, insurance recoveries or other non-recurring cash items. Positive amounts are inflows; negative amounts are outflows.

Use Month Cash event Amount (million +/-)

Budget / Liquidity Checks

Liquidity boundary: this is a treasury planning model, not an accounting statement or covenant certificate. Actual facility availability, minimum-liquidity definitions, restricted cash, working-capital timing, derivative collateral, taxes, lease obligations and lender cure provisions can materially change real liquidity. Use the governing finance documents for covenant compliance.
Technical basis: ship operating budgets commonly separate vessel running costs from drydock/CAPEX and corporate cash requirements. BIMCO's running-cost budget KPI includes maintenance/repair, crewing, spares/stores, management and lubricants while excluding insurance and capital expenses such as drydocking; other industry operating-cost frameworks present insurance and drydock as distinct cost heads. Public shipping-company liquidity disclosures commonly distinguish unrestricted cash from undrawn committed facilities and apply company-specific minimum-liquidity covenants. This tool therefore keeps these categories visible and user-controlled rather than hard-coding a single accounting definition.
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