Fuel Total Cost of Ownership

Compare two or more marine fuels on a per-MJ delivered basis including bunker price, effective EU ETS charge (Cf × EUA price) and FuelEU penalty exposure (WtW intensity × 2,400 €/t VLSFO-eq). The output is usable as a tiebreaker between retrofit fuel choices.

LifecycleEconomic

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This calculator requires JavaScript to compute its result. The formula, symbols, and regulatory sources are shown in the Formula section below.

Formula, assumptions, and limits

\text{Cost/GJ} = \frac{P_\text{bunker}}{\text{LCV}} + \frac{C_f \cdot P_\text{EUA} \cdot f_\text{ETS}}{\text{LCV}}

Symbol	Meaning	Unit
$P_\text{bunker}$	Bunker price	USD / t
$\text{LCV}$	Lower calorific value	MJ / kg (= GJ / t)
$C_f$	Fuel-to-CO₂ factor	t CO₂ / t fuel
$P_\text{EUA}$	EUA spot price	USD / t CO₂
$f_\text{ETS}$	Scope × phase-in fraction

Source: IMO MEPC.364(79) - Cf conversion factors; ICCT - *Alternative fuel pathways for shipping*

In short

Compare marine fuels on an all-in USD per GJ basis including bunker price and EU ETS carbon overlay.

Learn the theory Voyage Estimation: TCE, Bunkers, and Canal Economics