Global energy and commodity price reporting agency Argus has launched a daily marine fuels pricing and analysis service, Argus Marine Fuels. It provides market data and intelligent analysis of the increasingly complex marine fuels market.
Trade in marine fuels is changing quickly. Oil prices are high and volatile. New environmental regulations are forcing ships to burn more expensive low-sulfur fuels. Trading companies are entering the market as others abandon it. And with "bunkers" now accounting for up to 80pc of their operating expenses, shipowners and managers are taking a closer look at procurement costs.
Argus Marine Fuels throws a much needed light on this rapidly changing market. Relying on Argus' robust market-appropriate methodologies, the new service provides accurate price assessments for high and low-sulfur marine fuels at over 60 ports worldwide. Argus Marine Fuels gives subscribers critical insights into refuelling options at some of the world's lesser known ports. And its meticulous pricing of ECA-compliant bunkers in the Atlantic basin makes the service a crucial tool for anyone involved in the marine fuel trade.
"We are happy to add Argus Marine Fuels to our range of energy and transportation services," Argus Media chairman and chief executive Adrian Binks said. "The new service will add transparency to the international bunker fuels markets."