Bunkers are no longer significant in voyage calculations with the low bunker prices, are bunkers still a major consideration for voyage calculations? (With focus on tanker sector)

• Main Author: Yong, Michele Cai Jie
• Other Authors: Vernlick Chua
• Format: Final Year Project
• Language: English
• Published: 2017
• Subjects: DRNTU::Engineering::Maritime studies::Maritime management and business
• Online Access: http://hdl.handle.net/10356/71770
• Institution: Nanyang Technological University

Bunker cost has always taken up a major proportion of voyage cost due to high bunker price. The recent drop in crude oil price has led to a fall in bunker price, thus reducing bunker cost for vessels. Other factors that affect bunker cost are the speed and condition of the vessel as well as the rout...