AI Voyage Charter Engine
E3. Technology, digitalization and smart shippingDefinition
ML-based chartering decision support.
An AI voyage charter engine is chartering decision-support software that ranks voyage fixtures by estimated time-charter equivalent (TCE), combining bunker prices, port costs, distances, and weather-routed steaming time. It automates the spreadsheet a chartering desk builds per cargo enquiry: net daily earnings = (freight minus voyage costs) divided by voyage days. No standard or instrument defines an ‘AI voyage charter engine’; it is marketing for TCE optimization tools. The underlying TCE math is the verifiable referent; the AI framing is not.
Source: Baltic Exchange time-charter-equivalent (TCE) methodology; industry convention, no governing instrument