This study intends to use the possibility of an eco-friendly alternative fuel to be applied to ships as a sample manufacturing method for ship MGO and bioethanol mixed fuel oil as basic evidence. The components of the manufactured mixed fuel oil were analyzed using the ISO-8217 standard testing method. As a result of analysis showed that in the lower calorific value decreased to 43030J/g at BE0 fuel and 37010J/g at BE30 fuel. The high calorific value decreased to 46.065MJ/kg at BE0 fuel and 39.460MJ/kg at BE30 fuel. The density decreased to 840.8kg/m3 at BE0 fuel and 837.0kg/m3 at BE30 fuel. In the case of flash point it was 67.5℃ when BE0, and decreased to less than 40.0℃ when BE10 to BE30. Finally the Kinematic Viscosity was 3.011mm2/s at BE0 and decreased to 2.502mm2/s at BE30.