Table 7

The influence of fuel and freight price changes on the IRR of purchasing a 5-year-old ship

IRR (%)Freight rate change (yuan/ton)
−15%−10%−5%0%5%10%15%
40.843.245.648.050.452.855.2
Fuel price fluctuation (Yuan/ton)−15%3,22012.8814.7616.5818.3820.1421.8923.62
−10%3,40912.3314.2316.0717.8719.6521.423.14
−5%3,59911.7713.6915.5517.3719.1520.9122.65
0%3,78811.2013.1515.0316.8618.6520.4222.17
+5%3,97710.6212.6014.5016.3418.1519.9321.68
+10%4,16710.0312.0413.9615.8217.6419.4321.19
+15%4,3569.4211.4713.4215.317.1318.9320.70

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