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Daily OPEX Build-up

Sum of operating-expense categories to get a daily OPEX figure - the break-even baseline for time-charter pricing.

CharteringOPEX
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Formula, assumptions, and limits

OPEXdaily=Crew+Stores+Maint+Insurance+Admin+Drydock\text{OPEX}_\text{daily} = \text{Crew} + \text{Stores} + \text{Maint} + \text{Insurance} + \text{Admin} + \text{Drydock}
SymbolMeaningUnit
CrewCrewWages, overtime, rotation travelUSD/d
StoresStoresLubes, spares, consumablesUSD/d
InsuranceInsuranceH&M premium × 1/365 + P&I callsUSD/d

Source: Drewry - OpEx Benchmarking Report; Moore Stephens - OpCost report

In short

Sum of operating-expense categories to get a daily OPEX figure - the break-even baseline for time-charter pricing.

Learn the theory Baltic Dry Index and Freight Indices