Baltic Exchange reports that it has expanded its FuelEU voyage and compliance cost calculator to include biofuel options, allowing shipowners, traders, and charterers to assess the impact of alternative fuels on voyage costs.
The update adds biodiesel, bio-LNG, bio-LPG, green methanol, green hydrogen, and green ammonia, either as standalone fuels or blended options.
The calculator provides a cost comparison against Baltic Exchange’s standard fuel baseline for specific routes, helping users factor in potential cost changes when selecting alternative fuels. Results are presented relative to standard ship and route profiles, which assume vessels burn VLSFO in transit and MGO in port, with cost differentials calculated based on the selected fuel, vessel speed, and consumption rates.
“Green fuels are expected to be very expensive initially, so will likely be blended into fossil-derived fuels initially, to achieve compliance with the new FuelEU Maritime regulation,” said Martin Crawford-Brunt, Emissions Lead at Baltic Exchange.
“For this reason and based on industry feedback, we have added a blend capability to Baltic Exchange’s FuelEU compliance and fuel cost calculator. Baltic Exchange is assisting the market by cutting through the considerable complexity of these regulations by providing a simple decision-making tool that estimates the voyage costs of the many fuel and blend alternatives quickly and simply.”
