Baltic Exchange adds biofuel blends in latest expansion of its Emissions Calculator

Baltic Exchange, a membership organisation for the maritime industry, announced it has introduced green fuel options, including renewable Liquid Gas, to its FuelEU Maritime voyage and compliance cost calculator as more shipowners, traders and charterers seek them out.

FuelEU Maritime is a free tool to help the market predict the voyage cost of different blending options. It provides an overview of the cost implications for the selected option relative to the Baltic standard for that route.

“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. For this reason and based on industry feedback, we have added a blend capability to Baltic Exchange’s FuelEU compliance and fuel cost calculator,” said Martin Crawford-Brunt, Emissions Lead at Baltic Exchange.

“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,” he added.

Source: Baltic Exchange

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