Rotterdam Market Report

Tue 11 Mar 2014, 12:14 GMT

Rotterdam Market Report

Crude:

Crude fell to a three-week low after Chinese exports unexpectedly sank, raising concern that economic growth will slow.

Bunker Market:

LS tight and congestion at terminals. Some suppliers fully booked till the end of this week (Antwerp + Rotterdam). LS remains firm on continued tight avails. Below numbers are not for prompt product..

Dutch time: 11:45 hours

Fuel oil 380 cst RMG 35 HS 3.5% - USD 577-579.

Fuel oil 380 cst RMG 35 LS 1.0% - USD 648-650

Marine Gas Oil DMA 86/LS 0.1% - USD 912-914

Marine Gas Oil DMA .89/LS 0.1% - USD 871-873

MGO Netherlands Rotterdam (NL)


		Hanwha Philly Shipyard advances construction on two LNG-fuelled container ships for Matson Dock mounting completed for Malama while steel cutting begins on sister vessel Makena.

		Fincantieri launches bow section of LNG-powered Explora V at Palermo yard Fifth ship in Explora Journeys’ six-vessel series is scheduled to enter service in 2027.

		Wah Kwong marks steel-cutting for third dual-fuel LNG carrier at Dalian Shipyard Hong Kong shipowner’s 175,000 cbm newbuild is scheduled for delivery as fleet expansion continues.

		Cosco Shipping takes delivery of 64,900-dwt Panamax crude tanker Yu Neng Jiao Long features dual-fuel capability and meets IMO Tier III emission standards.

		LNG fleet reaches 1,665 vessels as methane slip technology advances Lloyd’s Register report highlights economic viability and emissions reduction progress for marine fuel.

		Bureau Veritas seeks emissions compliance verifier in Piraeus Classification society advertises for specialist to verify shipping emissions data under IMO and EU regulations.

		Trafigura seeks financial controller for shipping and bunkering operations in Athens Role involves accounting and controlling activities for shipping and bunkering entities, reporting to regional controller.

		Minerva Bunkering launches Mauritania operation after securing regulatory licence Company to supply marine fuels from Nouadhibou and Nouakchott to commercial vessels and offshore installations.

		Baleària's third dual-fuel fast ferry Mercedes Pinto hits 38 knots in sea trials The 123-metre vessel is destined for the Canary Islands and can run on biomethane.

		TFG Marine secures $300m DBS facility backed by electronic bunker delivery notices Marine fuel supplier’s working capital facility leverages digital documentation to enhance transparency and efficiency.