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

November 2022. 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.

A suite of marine biodiesel indexes for northwest Europe compliant with the Renewable Energy Directive on a delivered on board basis for Amsterdam-Rotterdam-Antwerp. The price suite includes B10, B20, B30, B50 and B100 indexes that are published daily in Argus Biofuels and Argus Marine Fuels reports.

Marine fuel suppliers and shipowners often use very-low sulphur fuel oil (VLSFO) wholesale (barge and cargo) prices and crude (Brent and Dubai) prices to hedge their VLSFO for bunkering sales and purchases. The significance of VLSFO wholesale and crude as hedging tools fell this year. Argus’ outright VLSFO bunker assessments are informed by a robust number of daily deals and are the best tool to use in contact indexations.

April 2022. 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.

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.

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.

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How do alternative marine fuel prices compare to VLSFO prices?

Global alternative marine fuel vessel database

Explore some of our services

  • ARGUS Marine Fuels

    Este servicio, que es la fuente más completa de precios diarios del combustible marino y proporciona una cobertura global con acceso a un conocimiento único del mercado, es imprescindible para cualquier persona que interviene en el abastecimiento de combustible.
  • ARGUS Marine Fuels Outlook

    Se trata de un servicio trimestral que proporciona noticias y conocimientos, datos sobre la oferta y la demanda y previsiones de precios para el mercado mundial de combustibles marinos.
  • ARGUS Marine Fuels Forward Curves

    Evaluaciones diarias de múltiples combustibles marinos, que proporcionan una visión continua de 24 meses de los precios mensuales a futuro.
  • ARGUS Freight

    Este servicio brinda índices de fletes, noticias y análisis a diario. Es una fuente indispensable de información de mercado para todos los actores de la industria expuestos a los costos de transporte marítimo.
  • ARGUS Green Ammonia Strategy Report

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

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