Argus is now publishing B30 biodiesel for bunkering prices on a delivered on-board basis for Houston and New York, according to Argus Marine Fuels report editor and commodities pricing analyst, Stefka Wechsler on Tuesday (18 April).
They are published daily in Argus Marine Fuels and Argus Americas Biofuels.
B30 is mostly priced at a premium to ultra-low sulphur diesel (ULSD). But a drop in distillates inventories, such as the drops observed in May, October and November 2022 in the US Atlantic coast, could cause B30 to switch to a discount to ULSD, driving up interest in biofuels for bunkering.
The B30 price components include 30% B99 biodiesel plus 70% ULSD plus delivery, storage, throughput and blending costs determined based on market feedback
The Argus B99 daily, spot biodiesel assessment is stripped of the US blender tax credit (BTC), renewable identification numbers (RINs) and low carbon fuel standard (LCFS) credits. The Argus ULSD daily spot assessment reflects Colonial Pipeline’s specifications for 15ppm (0.0015pc) sulphur diesel grade 62.
Note: For more information, see Argus’ FAQ document.
Related: Argus Media: Argus launches world’s first biofuel blended ship bunker price
Photo credit: Argus Media
Published: 18 April, 2023
Advanced analytical services will support support clients in the shipping sector allowing for more accurate and efficient testing of methanol as a marine fuel, Bryan Quek tells bunkering publication Manifold Times.
While slow steaming may help save fuel cost and lowers emissions, it may end up being a costly endeavour for ship owners. Innospec suggests looking at smart slow steaming instead, shares Nicea Ng.
Bunker claim was regarding the supply and delivery of RMG380 to the demise charter of the India-flagged oil tanker on 24 February 2022 at Yosu port, according to court documents obtained by Manifold Times.
Claim was regarding sales of LSFO from Gulf Petrochem to Prime Oil Trading on 24 February 2020 which was due for payment on 23 June 2020 after a 120-day credit period, state court documents.
Remi Eriksen of DNV Group, shared during event, the business case for decarbonization must involve four key factors including alternative bunker fuels once safety guidelines and bunkering infrastructure are established.
Malaysian government will ensure all obligations and conditions under the International Convention for the Prevention of Pollution from Ships or MARPOL are implemented, says Transport Minister.