Alternative marine fuels

Alternative marine fuels


Marine fuels sale and consumption are not currently subject to greenhouse gas (GHG) restrictions or fees. The International Maritime Organization (IMO) is requiring that vessels reduce their CO2 emissions (a type of GHG) by 40pc by 2030 and by 70pc by 2050 from 2008 base levels.

Separately, the EU has two proposals in the works which would apply to vessels calling EU ports:

1: To phase in maritime emissions trading in its emissions trading scheme starting in 2023, with 100pc auctioning of emissions from 2026.
2: For vessels to reduce their GHG intensity starting from 2025 with 75pc reduction by 2050, from 2020 base levels.

The IMO and EU’s objectives have prompted ship owners to invest in alternative marine fuels, such as ammonia, hydrogen, biofuel, LNG, and methanol among others.

Argus’ price assessments allow you to compare alternative to conventional bunkers. Our analysis pieces provide you with insight into alternative fuels trends.

Latest alternative marine fuels news

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Featured content

Ship water trail

California starting next year will require commercial harbor craft vessels in the state to burn renewable diesel (R99) instead of ultra-low sulphur diesel (ULSD), increasing their marine fuel bills. The state’s environmental agency, California Air Resource Board (CARB), expects the switch to R99 to reduce nitrogen oxide (NOx) emissions by 30pc and particulate matter emissions by 10pc.

oil

We discuss the current state of the European conventional bunker market and the latest developments in alternative marine fuels, touching on the European bunker markets’ recovery from Covid-19, pricing themes between the key European bunker ports, Argus’ new bunker indexes for the ARA and West Med hubs and more.

LNG tanker

Hear about market trends and future perspectives for low-carbon fuels (LNG, ammonia, hydrogen, methanol and biofuels) and the impact of a possible lifting of Iran sanctions on the HFSO market.

Transportation mobile

Join the webinar for an insightful discussion on the low carbon alternative marine fuels market in Asia – mainly Singapore, Japan and China marine fuels markets.

Careers Argus Media

Featuring expert insights from across the shipping industry, as well as stakeholders from the methanol and green ammonia sectors. This series of interviews will bring clarity to a much debated topic and contributors include Proman Shipping, Maersk, The Methanol Institute, ABS and Yara.

Contact Argus Media

The currently embryonic but potentially huge market for ammonia as a low or zero carbon energy carrier is generating high levels of interest in the global energy industry and across multiple commodity markets.

About Argus MEdia

Analysing the case for green ammonia and potential markets (fertilizer/industrial applications, marine fuel and power generation).

marine fuels

Argus Media has agreed to share its database of ammonia terminals with DNV DL’s Alternative Fuel Insight platform.

Alternative bunker fuels

The market has spoken. A poll conducted by Argus shows market participants think that Singapore’s future as a bunkering hub in the near term will be impacted most by growth in alternative bunker fuels and intensifying competition from other ports in Asia.

Net zero

Navigating energy transition

Energy transition offers tough challenges and huge opportunities. Far from affecting only the power sector, all major industries are looking to transform how they produce, store, transport and consume energy. The need for authoritative information on fuels, industrial heat, power and chemical raw materials has never been greater.

Upcoming events

  • Argus Green Marine Fuels Conference

    23-25 May 2022, in-person in The Netherlands & online

For a full list of upcoming events, visit our webinar and conference landing pages.

How do alternative marine fuel prices compare to VLSFO prices?

Global alternative marine fuel vessel database

Key prices

Argus Marine Fuels subscribers receive access to alternative marine fuels prices (in $/t VLSFO, $/t HSFO, and $/t MGO equivalents and $/mn Btu).

Explore some of our services

  • ARGUS Marine Fuels

    The most comprehensive source of daily marine fuel prices, providing global coverage with access to unique market insight, the service is a must-have for anyone involved in bunkering.
  • ARGUS Marine Fuels Outlook

    This is a quarterly service that provides news and insight, supply and demand data and price forecasts for the global marine fuels market.
  • ARGUS Marine Fuels Forward Curves

    Daily assessments for multiple marine fuels, providing a rolling 24 month view of monthly forward prices.
  • ARGUS Freight

    This service provides daily freight indexes, news and analysis. It is a must-have source of market intelligence for all industry players exposed to seaborne transportation costs.
  • ARGUS Green Ammonia Strategy Report

    Focused on ammonia as a low or zero-carbon energy carrier

Request more information

We would be happy to offer you more information about our paid services. Argus produces information and services for global markets, which requires Argus to share your personal information with Argus group companies and service providers that are based both within and outside of the European Economic Area (EEA). Argus Media may use the details submitted to send you information about related Argus products and services which may be of interest to your business. You can unsubscribe from these updates at any time. We manage your personal data in accordance with our privacy policy.

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