Rotterdam Market Report

Fri 24 Jan 2014, 11:14 GMT

Rotterdam Market Report

Crude:

WTI rose to a 3-week high after a report showed that US distillate supplies tumbled as cold weather bolstered heating demand.

Bunker Market:

Market decreasing in line with lower crude numbers. Prompt LS remains tight, but situation getting better. Below numbers are not for prompt product.

Dutch time: 11:55 hours

Fuel oil 380 cst RMG 35 HS 3.5% - USD 559-561

Fuel oil 380 cst RMG 35 LS 1.0% - USD 589-592

Marine Gas Oil .86/LS 0.1% - USD 918-922

Marine Gas Oil DMA .89/LS 0.1% - USD 880-885.

MGO Netherlands Rotterdam (NL)


		ABS grants AiP for LNG bunkering barge design Samsung Heavy Industries and Conrad Shipyard receive AiP for basic design under joint development.

		ABB and Econowind combine wind propulsion with digital routing to cut ship emissions The partnership integrates wind-assisted propulsion with weather routing to reduce fuel consumption.

		Peninsula seeks junior cargo trader for Dubai role Position centres on the procurement of marine fuels, blending components and associated products.

		Island Oil opens operations to students in summer internship programme Cyprus-based firm gives students hands-on experience across its bunker business.

		New 20,000-cbm LNG bunkering vessel for Somtrans Group launched at Chinese yard Exmar’s newbuilding supervision team oversaw the launch at CIMC Group’s shipyard in Qidong, China.

		BP seeks bunker trader for Singapore marine sales role Selected candidate will be responsible for key accounts, day-to-day marketing and marine trading.

		Van Oord consortium completes first phase of Rotterdam’s Yangtze Canal widening The project will enable two-way traffic for container vessels of up to 24,000 TEU.

		James Fisher’s first LNG-capable chemical tanker named at London ceremony The Orca Fisher is the first of four dual-fuel FKAB T68 vessels built in China.

		World Kinect marine segment posts record quarterly gross profit amid bunker price volatility Marine division delivers its best-ever quarterly result as the conflict in the Middle East drives bunker price swings.

		Explora Journeys takes delivery of first LNG-powered ship in its fleet Explora III, delivered by Fincantieri in Genoa, marks the brand’s first LNG-fuelled vessel.