Rotterdam Market Report

Fri 29 Nov 2013, 11:40 GMT

Rotterdam Market Report

Crude:

WTI traded near the lowest price in almost 6 months and at the steepest discount to Brent since March, as crude stockpiles climbed for a 10th week in the US and production rose.

Bunker Market:

Product remains tight. Especially LS in Antwerp. Expectations are that around 4th/5th December there will again be product available.

Dutch time : 11:50 hours

Fuel oil 380 cst RMG 35 HS 3.5% - USD 580-584

Fuel oil 380 cst RMG 35 LS 1.0% - USD 625-633

Marine Gas Oil .86/LS 0.1% - USD 940-945

Marine Gas Oil DMA .89/LS 0.1% - USD 901-906

MGO Netherlands Rotterdam (NL)


		Everllence completes first factory test of 18V51/60 engine running on B100 biofuel French facility tests 18,900 kW engine converted to run entirely on biofuel in Corsica.

		Genevos secures €2.2m EU funding for 1 MW maritime hydrogen fuel cell development French company joins €7m MARINER project to develop and validate modular fuel cell systems.

		Skuld warns of unusual chemical compounds in Southeast Asian marine fuels Marine insurer reports fuels meeting ISO 8217 standards but containing high levels of hydrocarbon compounds.

		IMO chief urges progress on net-zero framework amid Hormuz crisis Arsenio Dominguez calls for constructive dialogue as MEPC 84 tackles greenhouse gas measures and ballast water regulations.

		Monjasa reflags UAE-based tankers to Emirates registry Marine fuels supplier transitions first of three vessels from Liberian to UAE flag.

		Lotte Fine Chemical completes world’s first commercial ammonia bunkering at Ulsan South Korean chemical company claims to have established a complete green ammonia value chain.

		Propeller Fuels seeks bunker trader for London office Marine fuel supplier advertises for trader to manage procurement, sales and client relationships.

		Fincantieri’s VARD launches first of four offshore wind vessels for Windward Offshore VARD 4 19 design vessel features battery hybrid propulsion and green methanol preparation.

		Singapore industry leaders call for regulatory clarity on maritime energy transition SSA councillors highlight need for government support and clear policies to enable alternative fuel adoption.

		Seaspan and Technolog unveil LNG feeder design with four-week ammonia conversion pathway Lloyd’s Register grants approval for a 3,370 TEU vessel concept designed for swift transition to zero-carbon fuel.