Rotterdam Market Report

Thu 27 Feb 2014, 11:37 GMT

Rotterdam Market Report

Crude:

WTI rose for a second time this week, narrowing its discount to Brent, as inventories dropped at Oklahoma.

Bunker Market:

Market increased as from yesterday afternoon. LS remains strong due to shortage of product. Below numbers are not for prompt product.

Dutch time: 11:55 hours

Fuel oil 380 cst RMG 35 HS 3.5% - USD 583-587.

Fuel oil 380 cst RMG 35 LS 1.0% - USD 633-639

Marine Gas Oil DMA 86/LS 0.1% - USD 922-927

Marine Gas Oil DMA .89/LS 0.1% - USD 880-886.

MGO Netherlands Rotterdam (NL)


		Changhong International delivers final LNG dual-fuel container ship 205 days early Chinese shipbuilder completes 10-vessel series for MSC with delivery of 11,500-teu MSC Migsan.

		Global Ethanol Association to present on ethanol marine fuel at London shipping expo Morten Thomas Jacobsen will discuss ethanol fuel trials and maritime decarbonisation challenges in June.

		IBIA warns of structural shift in marine fuel market following Arabian Gulf tensions Association chair says geopolitical disruptions signal lasting changes to bunker supply dynamics and pricing.

		Rotterdam bunker volumes plunge 25% in first quarter amid regulatory shifts Fossil fuel sales decline sharply while alternative fuels show modest growth in Dutch port.

		Norsepower completes factory tests for 18 rotor sails bound for Airbus fleet Wind propulsion units cleared for installation on LD Armateurs vessels targeting 50% emissions reduction.

		Ernst Russ acquires four chemical tankers with five-year charters worth $126m Hamburg shipowner enters tanker segment with methanol-ready newbuildings delivering from Q4 2026.

		Wärtsilä boosts ammonia engine power output to match LNG equivalent Finnish technology group raises Wärtsilä 25 Ammonia engine output, enabling simpler vessel designs.

		Fincantieri secures order for three LNG-fuelled cruise ships from Princess Cruises Italian shipbuilder to construct vessels at Monfalcone yard, with deliveries scheduled through 2039.

		DNV says existing LNG infrastructure can support low-GHG methane transition Classification society finds biomethane and e-methane compatible with current LNG fleet and bunkering networks.

		IBIA launches Bunker Buyers Working Group for fuel procurement end users New forum aims to represent shipowners, charterers and ship managers in policy and regulatory discussions.