Table:
|  |  | Years Ended December 31, |  |
| --- | --- | --- | --- |
| All figures in USD '000, except TCE rate per day | 2018 | 2017 | Variance |
| Voyage Revenue | 289,016 | 297,141 | (2.7%) |
| Less Voyage expenses | (165,012) | (142,465) | 15.8% |
| Net Voyage Revenue | 124,004 | 154,676 | (19.8%) |
| Vessel Calendar Days (1) | 9,747 | 10,892 | (10.5%) |
| Less off-hire days | 277 | 867 | (68.1%) |
| Total TCE days | 9,470 | 10,025 | (5.5%) |
| TCE Rate per day (2) | $13,095 | $15,428 | (15.1%) |
| Total Days for vessel operating expenses | 9,747 | 10,892 | (10.5%) |
Paragraphs:
Reconciliation of net voyage revenues to voyage revenues:
(1) Vessel Calendar Days is the total number of days the vessels were in our fleet.
(2) Time Charter Equivalent ("TCE") Rate, results from Net Voyage Revenue divided by total TCE days.
Question:
What is the value of the voyage expenses in 2017 as a percentage of the expenses in 2018?
Answer: 142465/165012  = 86.34