Alternative marine fuels
Overview
The marine fuel sector is decarbonising. International Maritime Organization (IMO) requirements and EU legislation is driving this change alongside consumer demand for low carbon solutions.
These drivers have prompted shipowners to invest in alternative marine fuels including; marine biodiesel, bio-methanol, grey methanol, LNG, ammonia and hydrogen.
Argus provides pricing, insights, and intelligence for the fast-growing alternative marine fuels market with independent news, analysis, and market commentary on emerging changes and trends so you can stay ahead.
Argus Market Highlights: Marine Fuels
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Spotlight content
Impact of EU ETS in 2024 and IMO’s emissions strategy
From 2024, ship owners will be required to pay for 40pc of their CO2 emissions under the EU Emission Trading Scheme (EU ETS) when operating in EU territorial waters. Meanwhile, the IMO has revised its greenhouse gas (GHG) emissions strategy. How will these regulatory developments impact fuel choices for the maritime sector? This webinar will provide a price comparison of alternative and conventional marine fuels and discuss the most feasible options.
Insight papersMarine biodiesel demand to rise
As marine gasoil supply tightens and shipowners seek more sustainable options, marine biodiesel, a blend of Advanced Fame 0 and very low sulphur fuel oil (VLSFO), could provide a reasonably competitive, low sulphur and low carbon alternative. This white paper examines dynamics including demand and pricing for the fuel.
WebinarsAlternative marine fuel price competitiveness to 2025
Dive into the forecast for the marine fuels markets with this complimentary webinar from our consultant behind Argus Marine Fuels Outlook, Elena Domashenko.
FAQsB24 (Ucome & VLSFO) dob Fujairah
Argus has launched the first marine biodiesel price for the Middle East — B24 dob Fujairah — adding to its existing coverage for Asia, with prices also published at the ports of Singapore and Guangzhou. B24 dob Fujairah is calculated as a netforward by adding the daily freight rate to the B24 dob Singapore daily spot price. The B24 dob Singapore spot price assessment includes blends of 24pc used cooking oil methyl ester (Ucome) and 76pc very-low sulphur fuel oil (VLSFO)
FAQsArgus B30 (Ucome and VLSFO) dob Houston, Los Angeles
B30 Houston and Los Angeles delivered on board (dob) prices for use by ocean-going vessels comprise 30pc used cooking oil methyl ester (Ucome) and 70pc very low-sulphur fuel oil (VLSFO). These calculated prices provide the market with a reference for a waste-based marine biodiesel blend in North America.
Alternative marine fuels key prices
Argus Marine Fuels features a comprehensive range of alternative marine fuels prices (in $/t VLSFO, $/t HSFO, and $/t MGO equivalents and $/mn Btu).
Latest events
Global alternative fuels vessel databases
Argus Marine Fuels includes access to proprietary data in three downloadable databases, providing essential insights into the changing marine fuels market:
Spot deals and firm quotes
This list of spot deals gives buyers and sellers understanding where they stand price-wise compared with their competitors. Argus’ daily deals/quotes detail the port, type of fuel, size of the deal, price, delivery method and delivery dates. It does not include counterparties’ names.
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Alternative fuels vessels and supplier list
Argus lists vessels that are burning alternative marine fuels, including methanol, biofuels, ammonia, hydrogen, LNG, LPG, as well as those running on batteries. The database is updated every month.
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Scrubbers
The database is updated every month. It contains over 4,300 records and counting.
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