5 ms·
With the disclaimer that I have no idea what I'm doing and there are probably many flaws in this reasoning: A metric ton of bunker is about $300 (http://shipan
by antubbs 10y ago
With the disclaimer that I have no idea what I'm doing and there are probably many flaws in this reasoning:
A metric ton of bunker is about $300 (http://shipandbunker.com/prices http://shipandbunker.com/prices)
The same volume of diesel would be about 315 gallons and would be about (https://www.extension.iastate.edu/agdm/wholefarm/html/c6-87.html https://www.extension.iastate.edu/agdm/wholefarm/html/c6-87.... / http://www.indexmundi.com/commodities/?commodity=diesel http://www.indexmundi.com/commodities/?commodity=diesel), so about $500.
The energy density of the diesel is about 13% higher than the bunker (https://people.hofstra.edu/geotrans/eng/ch8en/conc8en/energycontent.html https://people.hofstra.edu/geotrans/eng/ch8en/conc8en/energy...).
Assuming identical efficiency (no clue on this point), you would end up paying about 50% more for the same amount of "energy." We would also be dramatically increasing the worldwide demand for diesel and we'd still have the leftover residual product from refining that was previously used to fuel these ships.
50%+ margin increase on containerized shipping seems pretty significant.