Rotterdam Market Report

Thu 10 Apr 2014, 12:21 GMT

Rotterdam Market Report

Crude:

WTI climbed as a government report showed that rising gasoline use reduced inventories of the fuel. Brent increased on concerns that Libyan exports return may be delayed.

Bunker Market:

Product tight, especially HS. Situation expected to remain tight this week. Gap in prices is between normal and prompt supply and depends on supply dates.

Dutch time: 11:05 hours

Fuel oil 380 cst RMG 35 HS 3.5% - USD 582-585.

Fuel oil 380 cst RMG 35 LS 1.0% - USD 636-640.

Marine Gas Oil DMA 86/LS 0.1% - USD 908-910.

Marine Gas Oil DMA .89/LS 0.1% - USD 878-882.

MGO Netherlands Rotterdam (NL)


		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.

		IMO calls for expert nominations for methane fuels technical seminar in May Event to cover LNG, biomethane and e-methane production, safe use and blending.

		Emvolon to present stranded methane conversion technology at Industry Growth Forum Company selected from over 270 entrepreneurs to showcase modular fuel production system in Denver.

		Tsuneishi Shipbuilding delivers world’s first LNG dual-fuel Kamsarmax bulk carrier Japanese shipbuilder manufactures LNG fuel tank in-house, achieving over 50% EEDI reduction.

		Incat Crowther designs 80-metre high-speed ro-pax ferry for South Korean Yellow Sea routes Vessel will transport 572 passengers and 60 cars between Incheon and Ongjin County islands.

		Grieg Maritime Group orders GT Wings jet sails for Star Kirkenes retrofit Norwegian shipowner signs contract for two AirWing 20 units with option for three more vessels.

		Maritime Technologies Forum releases safety guidelines for wind-assisted propulsion systems New guidance helps shipping companies manage operational and technical aspects of modern wind propulsion technologies.