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If the fuel consumption of the VLCC increases by 30 % at 15 knots with the speed of the VLCC at 21 knots increases

 

If the fuel consumption of the VLCC increases by 30 % at 15 knots with the speed of the VLCC at 21 knots increases suppose that: - VLCC with minimum size 170000ton - Freight rate per ton 12 $ -Port dues per ton 3 $ -Canal charges 0.50 cent per ton -Fixed cost per ton 0.3 $ -VLCC voyage days was 12.7 Fuel consumption per day 20 ton at speed 15 knots - Bunkering 100 $ per ton -port days 5 day Now you must determine profits or losses for the above VLCC voyage: |-At speed 15 knots: A) 89 00$ (profit) B) 1899600$ (profit) c) 899600$ (losses) D) 456322$ (profit)

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