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) (*) |
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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 |
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Total income $938,000 | Total income $1,472,211 | $534,211 extra income or 57% |