30,000 dwt = 100

47,000 = +57%

68,000 = +45%

170,000 = +2.5 times

Price: $26m

$31 m = +19%

$36 m = +16%

$59 m = +64%

Bunker consumption: (21t/d/$300 per ton)

24 = +14%

30 = +25%

50 = +67%

Operating cost: 1.2m p.a.

1.4 = +17%

1.8 = +29%

2 = +11%

Income = 11,494 = 100

13,657 = +19%

16,360 = +20%

24,374 = 49%

Average cost = $191

$143

$120

$74