Recent data indicates a reduction in FuelEU Maritime pooling values for B100 (100% biodiesel) and LBM (liquefied biomethane). These values, which are adjusted for calorific content to be VLSFO-equivalent, incorporate estimated compliance costs for both EU-EU voyages (Rotterdam) and non-EU-EU voyages (Singapore).
The compliance costs factored into these values include expenses related to the EU Emissions Trading System (EU ETS) and penalties under FuelEU Maritime regulations. Additionally, the average price of compliance surpluses is considered. The decrease in pooling values suggests that the relative cost of using these biofuels for regulatory compliance has become less favorable compared to previous assessments.
For freight forwarders and shippers, this development implies a potential re-evaluation of fuel strategies for vessels operating within or to the EU. The reduced pooling values could make B100 and LBM less attractive options for meeting FuelEU Maritime targets, potentially leading carriers to explore other compliant fuels or compliance mechanisms. This might influence bunker choices and ultimately impact freight rates as carriers adjust to the evolving cost landscape of sustainable fuels.
