Global commodity news and price reporting agency Argus Media has launched a new service offering freight prices for biofuels, associated feedstocks and chemicals.
The Argus Specialised Freight service covered full and part-cargo loads for all key vessel types – IMO2, IMO3 and stainless-steel tankers, the company said on 16 May.
It would provide over 180 freight prices for biofuels and their feedstocks, as well as for chemicals such as methanol, glycols and aromatics, with other specialised market prices to follow in the coming months,
“The new Argus Specialised Freight service brings much-needed transparency to previously opaque freight costs in biofuels and chemicals industries. It will help a lot of businesses active in this space to manage risk in an increasingly complex and highly regulated market,” Argus Media chairman and chief executive Adrian Binks said.
A global provider of renewable fuel indexes and benchmarks for renewable diesel, sustainable aviation fuel (SAF) and used cooking oil (UCO), Argus’ price assessments are used as the settlement basis for futures contracts in these products in the USA, Europe and Asia.
