Argus launches freight rates for biofuels and feedstocks

In the UK, Argus recently launched freight rates for biofuels and biofuels feedstocks in response to growing demand for price transparency in the energy transition fuel supply chain.

The 60 new Argus weekly assessed “specialized” rates cover biofuels and biofuels feedstocks. These include biodiesel, hydrogenated vegetable oil (HVO), ethanol, sustainable aviation fuel (SAF), palm oil, vegetable oils, used cooking oil, tallow and palm oil mill effluent (Pome). The assessments cover loadings from Asia to Europe on 22,000dwt stainless steel vessels and 50,000dwt IMO 2 type coated tankers, and coasters at European ports.

The new assessments reflect the specialised transportation required to move these cargoes. The relatively smaller parcel size, cargo hold type and heating requirements often make freight costs higher for these commodities compared with conventional refined products cargoes.