Rotterdam Market Report

Fri 4 Apr 2014, 11:23 GMT

Rotterdam Market Report

Crude:

WTI rose less than Brent after the Labour Department reported that applications for unemployment benefits in the US increased to a five-week high.

Brent rose the most in a month amid concern that talks between the Libyan government and the rebels will not restore oil exports.

Bunker Market:

Market firmed in line with higher crude numbers. Prompt fuel tight in ARA, as less product than expected is arriving and due to Russian refinery maintenance season. Some suppliers fully booked till early next week. High numbers mentioned are for prompt product.

Dutch time: 11:45 hours

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

Fuel oil 380 cst RMG 35 LS 1.0% - USD 645-653

Marine Gas Oil DMA 86/LS 0.1% - USD 895-900

Marine Gas Oil DMA .89/LS 0.1% - USD 862-865.

MGO Netherlands Rotterdam (NL)


		World Fuel Services and West Coast Clean Fuels launch methanol bunkering across US ports First over-the-water methanol delivery completed in South Florida with Coast Guard-approved procedures.

		Burando Energies appoints Valerie Ahrens as global head of methanol Ahrens brings more than 30 years of energy sector experience to the marine fuels supplier.

		New Sea Generation seeks junior bunker trader in Greece Greek bunker firm advertises role requiring commitment to demanding work schedule and operational responsibilities.

		IINO Lines secures sustainable shipping finance for methanol dual-fuel VLCC Japanese shipowner signs impact financing agreement with Mizuho Bank for alternative-fuel tanker.

		Fluxys Belgium reports EUR74.9m profit as LNG flows surge and hydrogen infrastructure begins Belgian gas infrastructure operator’s 2025 net profit fell 8.8% amid hydrogen and CO₂ investments.

		Shale oil components detected in Singapore marine fuel \| VPS VPS testing identifies 90,000 mt of delivered VLSFO containing Estonian shale oil compounds.

		IBIA chair completes two-year term, citing expansion in regulatory engagement and membership Outgoing chair to remain on Global Board and lead Future Fuels and Bunker Buyers’ working groups.

		LNG and methanol investments risk becoming 'dead ends' for shipping decarbonisation, UCL study finds Research warns transitional marine fuels may lock in fossil infrastructure rather than enabling an ammonia pathway.

		Protasov: Renewable fuel supply could meet shipping demand, but offtake agreements remain a barrier GENA Solutions CEO highlights project pipeline growth but warns regulatory uncertainty hampers investment decisions.

		Wah Kwong takes delivery of first LNG-ready LR2 tanker with Bureau Veritas SMART notation Frontier Venture is first in newbuild series to achieve Group 3 'augmented ship' capabilities.