Shipping & Shipowners Business Financial Projection 3-Statement Model – Excel XLSX

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BENEFITS OF THIS DOWNLOADABLE EXCEL DOCUMENT

1. to prepare a multi-year 3-statement financial projection for a new or existing business purchasing and chartering commercial shipping vessels.

SHIPPING INDUSTRY EXCEL DESCRIPTION

Editor Summary Shipping & Shipowners Business Financial Projection 3-Statement Model is an XLSX financial model that produces yearly Income Statement, Balance Sheet and Cash Flow Statement projections and an integrated discounted cash flow valuation. Read more Built by former Deloitte financial modeling professionals, accountants, and CFA charterholders and used by 4,000+ clients, the model supports up to 20 vessels across a 50-year timeline, includes amortising loan financing, nominal/real options, dashboard charts, validation checks, and audit-reviewed formulas. File format: XLSX with supplemental XLSX; sold as a digital download on Flevy.

Use this model when preparing long-range financial projections, valuation and financing analyses for commercial shipping fleets — for acquisitions, refinancing, budgeting, or investor pitches.
  CFOs preparing long-term cash flow plans and debt schedules using amortising loan assumptions and projected financial statements.
  FP&A analysts stress-testing fleet scenarios by varying charter rates, operating days, and inflation assumptions per vessel.
  Transaction teams comparing purchase, sale, or scrappage outcomes and associated gains/losses for vessel lifecycle decisions.
The model’s layered inputs, in-tab checks, and audit review reflect standard professional financial-modelling practice with validation and transparency.

A 3-Statement Financial Projection Model is essential for Shipping/Shipowners businesses. It forecasts income, expenses, and cash flows, enabling strategic planning, cost control, and performance assessment. It supports decision-making related to fleet management, fuel costs, and pricing strategies. Accurate projections empower shipowners to adapt to market dynamics, secure financing, and ensure profitability. It enhances financial stability, attracts investors, and supports long-term growth by aligning financial strategies with business objectives. This model is indispensable for both established shipping companies and startups, ensuring their viability, competitiveness, and ability to seize opportunities in the maritime industry.

PURPOSE OF MODEL
Highly versatile and user-friendly Excel model for the preparation of a 3-statement (Income Statement, Balance Sheet and Cash flow Statement) financial projection with a yearly timeline for a new or existing business owning and chartering commercial shipping vessels.

The model allows the user to model up to 20 new or existing commercial shipping vessels at different lifetime stages across a 50-year annual timeline. The model includes assumptions and calculations for all stages in the lifetime of a shipping vessel including purchase, operation, sale before end of life and scrappage at end of life. The model allows for calculation on both real and nominal basis (including and excluding inflation impact).

In terms of purchase the model includes assumptions and calculations for part or full loan financing with amortising loan. In terms of operation stage the model includes assumptions and calculations for part or full year chartering, vessel operating expenses, admin expenses, sales tax, depreciation, interest calculation. In terms of selling/scrappage stage the model allows for the calculation of gains/losses on disposal and transaction fees.

The model follows good practice financial modelling principles and includes instructions, line item explanations, checks and input validations. It includes a 50-year rolling timeline (mix of actual and forecast years), discounted cash flow valuation using the projected cash flows and a dashboard with output tables and charts.

KEY OUTPUTS
The key outputs include:
•  Projected full financial statements (Income Statement, Balance Sheet and Cash flow Statement) presented on a yearly basis up to 50 years.
•  Dashboard with:
Summarised projected Income Statement and Balance Sheet;
Compounded Annual Growth Rate (CAGR) for each summarised income statement and balance sheet line item;
List of key ratios including average revenue growth, average profit margins, average return on assets and equity and average Debt to Equity ratio;
Bar charts summarising income statement and balance sheet projections;
Tables and charts showing revenue and cost splits by shipping vessel
•  Discounted cash flow valuation using the projected cash flow output.

KEY INPUTS
Inputs are split into income statement and balance sheet Inputs. Most inputs include user-friendly line item explanations and input validations to help users understand what the input is for and populate correctly.

Setup Inputs:
•  Name of business;
•  Currency;
•  Timeline starting year;
•  First projection year;
•  Choice for nominal or real projection (including or excluding inflation)
•  Naming for shipping vessels, vessel types, age bands, operating expenses and administrative costs;
•  Sales tax applicability for the revenue and cost categories.

Projection Inputs:
•  Vessel type, deadweight tonnage, purchase details, projected sale details (if applicable), scrappage details and loan details (if applicable);
•  Inflation rate assumptions for costs, revenues and vessel purchases;
•  Charter revenue details including rates per day, operating days per annum and credit terms offered (if applicable);
•  Operating cost inputs and average credit terms received;
•  Administrative costs inputs;
•  Sales and corporate tax inputs including rate and payment periods;
•  Dividend inputs including amount (percentage of retained earnings) and frequency;
•  Share capital additions;
•  Discount rate inputs (for valuation calculation).

MODEL STRUCTURE
The model comprises of 9 tabs split into input ('i_'), calculation ('c_'), output ('o_') and system tabs. The tabs to be populated by the user are the input tabs ('i_Setup' and 'i_Assumptions'). The calculation tab uses the user-defined inputs to calculate and produce the projection outputs which are presented in 'o_Fin Stats', ‘o_Dashboard' and ‘o_DCF'.

System tabs include:
•  A 'Front Sheet' containing a disclaimer, instructions and contents;
•  A checks dashboard containing a summary of checks by tab.

KEY FEATURES
Other key features of this model include the following:
•  The model follows good practice financial modelling guidelines and includes instructions, line item explanations, checks and input validations;
•  The model contains a flexible 50-year timeline with mix of actual and forecast periods which be easily rolled forward from one projection period to the next;
•  The model allows the user to model up to 20 new or existing shipping vessels each with their own separate lifetime details, purchase details, sale details (if applicable), revenue and operating cost and financing loan details (if applicable);
•  The model is not password protected and can be modified as required following download;
•  The model is reviewed using specialised model audit software to help reduce risk of formula inconsistencies;
•  The model allows for the following number of underlying categories for each line item (these can be easily expanded if required):
Shipping Vessels – 20 vessels;
Ship types – 10 types;
Ship age bands – 5 age bands;
Vessel operating expenses – 6 categories;
Administrative costs – 15 categories;
•  Apart from projecting revenue and costs the tool includes the possibility to model receivables and payables, fixed assets, borrowings, dividends and corporate tax;
•  Business name, currency, starting projection period are fully customisable;
•  Revenue, cost, fixed asset and borrowing descriptions are fully customisable;
•  The model included an integrated discounted cash flow valuation using the projected cash flow outputs;
•  The model includes instructions, line item explanations, checks and input validations to help ensure input fields are populated accurately;
•  The model includes a checks dashboard which summarises all the checks included in the various tabs making it easier to identify any errors.

TOPIC FAQ

What is a 3-statement financial projection model for shipowners and what does it include?

A 3-statement projection consolidates an Income Statement, Balance Sheet and Cash Flow Statement to show profitability, assets/liabilities, and cash generation over time. In shipping contexts it typically includes vessel revenues, operating costs, depreciation, interest, tax and financing impacts presented annually as Income Statement, Balance Sheet and Cash Flow Statement.

How can I model multiple vessels and long-term timelines in an Excel shipping model?

Models designed for shipowners allow separate inputs per vessel (type, age, purchase/sale details, revenue and cost profiles) and aggregate outputs across a long horizon. The referenced Shipping & Shipowners Business Financial Projection 3-Statement Model supports up to 20 vessels and a 50-year annual timeline.

How do ship financial models handle the full vessel lifecycle like purchase, operation, sale and scrappage?

Lifecycle handling includes purchase pricing, part/full loan financing with amortising schedules, operating and admin costs, chartering revenue mechanics, and disposal/scrappage calculations that capture gains/losses and transaction fees, enabling projections across purchase, operation, sale and scrappage stages.

How is discounted cash flow (DCF) valuation incorporated into a shipping financial model?

DCF valuation uses the projected cash flow outputs from the model and a user-defined discount rate input to calculate present value. The integrated DCF in the model consumes the annual projected cash flows and the discount rate inputs for valuation.

What features should I prioritise when selecting a pre-built shipowners financial model?

Prioritise explicit support for vessel-level inputs, amortising loan schedules, nominal versus real projections, checks and input validation, clear line-item explanations, dashboard outputs and an integrated DCF — for example, checks, input validations, DCF, and support for up to 20 vessels.

How customizable are typical Excel ship financial models for naming, currencies and line items?

Many models allow full customisation of business name, currency, timeline start, vessel names/types, age bands and line-item descriptions for revenue, operating and administrative costs; they are often delivered unlocked so users can modify labels and categories.

What inputs do I need to model charter revenue and operating costs per vessel?

Charter revenue modelling typically requires rates per day, operating days per annum, credit terms, and inflation assumptions for revenues; operating costs need category-level amounts and credit terms. Outputs then show revenue and cost splits by vessel for analysis.

What financial items should be included when preparing projections for vessel acquisition financing?

Acquisition financing projections should include purchase price, loan details with amortising schedules, interest calculations, projected charter revenues and operating costs, tax and dividend assumptions, and resulting cash flows feeding full financial statements and a DCF valuation.

Source: Best Practices in Shipping Industry, Integrated Financial Model Excel: Shipping & Shipowners Business Financial Projection 3-Statement Model Excel (XLSX) Spreadsheet, Projectify