Case 1: distance 15,000 sea miles (tanker: 75,000 dwt)

Case 2: distance the same (tanker: 225,000 dwt)

Remarks

Speed: 14.5 k/day; sea time → 43.1 days

Speed: 15.5; sea time → 40.32 days

Saving 2.78 days; ~7%

Port time: 4 days; port cost: $90,000

Port time 8 days; port cost $360,000

4 additional days; $270,000 more cost!

Canal transit time: 2.25 days (Panama 1 day; Suez 1.25 days) (*)

Fuel quantity at sea: 55 mt/day plus 5 mt/day at port plus 100 mt for other use, total = 3300 mt

Fuel at sea etc. 5271 tons; fuel cost at the same price: $532,371; % on total cost: 36.2%

2471 tons fuel oil extra; plus $249,571 extra!

Fuel price: $101/ton = $282,800; 30% on total cost

Total income $938,000

Total income $1,472,211

$534,211 extra income or 57%