Price reporting agency Argus has introduced the first FuelEU Maritime pooling spot price, quoted in €/t CO₂ equivalent, to bring transparency to the growing market where shipowners trade surplus compliance under the EU’s FuelEU Maritime regulation. The scheme applies to ships above 5,000 GT operating in EU waters and requires progressive greenhouse gas reductions from a 2% cut today to 80% by 2050.
On September 21, 2026, global energy and commodity price reporting agency Argus announced the launch of the first spot price index for compliance trading under the European Union’s FuelEU Maritime regulation. Now in its second compliance year, FuelEU Maritime requires ships above 5,000 gross tonnage operating in EU waters to progressively reduce greenhouse gas emissions compared with 2020 levels, starting with a 2% cut and stepping up to 80% by 2050. Shipowners can meet their obligations either by switching to low‑carbon fuels such as biodiesel, LNG and bio‑LNG or by using the regulation’s pooling mechanism to purchase surplus compliance from operators that have over‑achieved their targets. The new Argus index, denominated in €/t CO₂ equivalent, provides independent benchmarks for both the cost of generating compliance and the price of trading it in the pooling market.
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