Table 5

TCE vs CII at different speeds – non eco Capesize

AER non eco Capesize (VLSFO @$900/ton - C5@$13.3/ton)Baltic speed (eco)Baltic speed (max)Optimal TCE speedMin CII required (C rating)
Speed (knots)12.514.010.012.2
TCE (Non eco-nonscrubber)$32,990$29,33134,609$33,324
Annual distance travelled64,80069,25256,25562,782
Annual fuel consumption (tons)9,085.711,743.75713.38,500.1
Attained CII gCO2/dwtmile2.452.971.782.37
Attained CII/Required CII1.081.310.781.04
Implied ratingDEAC

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