Compliance drives B100 down to $670/mt for Rotterdam-EU routes

In Singapore, Engine Online reports on January 27, B100 at Rotterdam traded at a $55/mt discount to HSFO and a $126/mt discount to VLSFO when compliance costs and pooling benefits are included, a larger discount than recorded the previous week. When factoring in FuelEU Maritime pooling benefits and its zero-carbon status under the EU Emissions Trading System, the real cost of bunkering B100 dropped to $670/mt on Rotterdam to EU port routes.

The price movement was driven by a $60/mt drop in Rotterdam’s B100 price, which also reduced its compliance premium over VLSFO by $47/mt to $575/mt. The PRIMA-assessed Dutch HBE rebate for B100 rose by $16/mt to $364/mt, further influencing the final cost.

FuelEU Maritime pooling benefits, which allow operators to offset compliance costs by incorporating lower-carbon fuels, also played a role in making B100 more competitive. The theoretical pooling benefit for switching from VLSFO to B100 fell by $21/mt from last week to $553/mt, but still contributed to the fuel’s overall cost advantage.

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