Table 2

TCE vs CII at different speeds (Eco Capesize)

AER eco Capesize (VLSFO @$900/ton - C5@$13.3/ton)Baltic speed (eco)Baltic speed (max)Optimal speedMin CII required (C rating)
Speed (knots)12.514.012.013.5
TCE (Eco – Nonscrubber)$37,472$36,26837,50536,874
Annual distance travelled64,67769,25263,10367,680
Annual fuel consumption (tons)7,5669,4567,0198,777
Attained CII gCO2/dwtmile2.052.391.952.27
Attained CII/Required CII0.901.050.861.0
Implied ratingBCBC

Source(s): Authors

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