Shipping Pro Forma
Infrastructure Excel Template (Free Download)
Turn vessel, voyage, operating, and financing assumptions into a shipping pro forma for acquisition, fleet, and chartering decisions.
professionals from Deloitte
About this pro forma
This pro forma converts vessel employment, freight, bunker consumption, port costs, technical OPEX, dry-docking, financing, and fleet assumptions into projected maritime earnings and returns. The underlying Excel model is the engine; the pro forma presents voyage profitability, fleet P&L, cash flow, and financing outcomes.
Use it to appraise vessels, compare voyage and time-charter economics, plan dry-docking, allocate fleet capital, and test leverage or charter-rate cases.
What every model includes
Live formulas, no hardcoded values
Outputs are driven by live formulas, so the workbook updates from its assumptions instead of relying on hardcoded results.
All assumptions in one tab
Inputs are clearly marked in the Assumptions tab and separated from calculations, making it clear what to change and what to leave intact.
Statements always balancing
For integrated-statement models, the balance sheet, cash flow, and supporting schedules tie through properly.
Distinct schedules for clarity
Debt, working capital, taxes, and cash flow can get messy quickly. We group calculations in clear schedules, not across disconnected tabs.
No hidden macros or external links
There are no unexplained external workbook links or macros to undermine auditability or portability.
Changes flow through the model
Update a key driver and see the impact carry through the forecast, financing, and return outputs. We never use hardcoded numbers in formulas.
What's inside the Shipping Pro Forma
- Voyage revenue, bunker, and port cost outputs
- Time charter equivalent (TCE) rate projections
- Crew, insurance, maintenance, and technical OPEX
- Dry-docking and special survey capital schedules
- Ship mortgage, LTV, and DSCR outputs
- Vessel and fleet P&L, cash flow, and return projections
Formatted to IB standards
Named theme colors repaint the whole workbook in one click, on top of an investment-banking structure with clear input, output, and cross-sheet reference styling - brand-ready, institutional-grade, and fully auditable.
Created by ex-finance professionals
Hey, I’m Alex and I created Finamodel.
Over my years in the finance industry I kept building the same models over and over again. Same structure, same assumptions, different logo. So I started building frameworks to turn them into clean, reusable templates.
Every model here is one I’d actually use for a client, and I personally vet each one before it goes up.
I’m not an expert in every industry, but I’ve built enough models to know what belongs in one. And when something is completely foreign to me, I reach out to my network for experts to work on our models with us.
Having a template library on hand cuts a first build from hours to minutes.
Need help finding your model? You’ll find me in the Finamodel app!
Frequently asked
What does it show?+
It shows voyage earnings, TCE, operating costs, dry-docking, financing, fleet P&L, and returns.
What is TCE?+
TCE is daily vessel earnings after voyage costs, a comparable measure of charter profitability.
Can it model dry-docking?+
Yes. Survey cycles and capital spending flow through projected vessel cash flows.
Who uses it?+
Ship owners, fleet managers, lenders, analysts, and investment teams use it.
Have more financial modelling questions? Contact us
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