Vessel Speed-Fuel Optimisation Calculator

Find the speed that minimises total voyage cost including fuel and hire over a fixed distance

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Choosing a vessel’s speed is a commercial decision, not just a nautical one. Going faster burns dramatically more fuel; going slower racks up more days of charter hire. This calculator sweeps a range of speeds and finds the one that minimises the total voyage cost for your distance, bunker price, and hire rate.

How it works

Bunker consumption is modelled with the classic cube law, where consumption at speed V relates to a known reference point:

consumption(V) = ref_consumption × (V / ref_speed)^3      tonnes/day
voyage_days    = distance / (V × 24)
fuel_tonnes    = consumption(V) × voyage_days
fuel_cost      = fuel_tonnes × bunker_price
hire_cost      = voyage_days × daily_hire
total_cost     = fuel_cost + hire_cost

The tool evaluates total_cost at every speed in half-knot steps across your range and reports the minimum. Because fuel rises with the cube of speed while days fall only linearly, the cost curve is U-shaped and has a clear minimum.

Worked example

A handysize vessel burns 45 t/day at a reference speed of 14 knots over a 5,000 nm voyage. With bunkers at USD 620/t and hire at USD 18,000/day, dropping from 16 knots to around 12 knots can save tens of thousands of dollars because the fuel saving outweighs the extra charter days — until the hire cost of the longer voyage starts to dominate again at the very low end.

Notes

Use the vessel’s actual sea-trial or noon-report consumption for the reference point, and add margins for weather, currents, and hull fouling before committing to an operational speed. The cube law is most reliable near the design speed.

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