Rotterdam Market Report

Wed 16 Apr 2014, 11:21 GMT

Rotterdam Market Report

Crude:

Crude fell from a five-week high on forecasts that U.S. inventories increased last week. Brent slipped as Libya prepared to resume exports from the Hariga terminal.

Bunker Market:

Product tight, especially HS. Situation expected to remain tight. Gap in prices is between normal and prompt supply and depends on supply dates. Market in line with current higher crude numbers.

Dutch time: 11:45 hours

Fuel oil 380 cst RMG 35 HS 3.5% - USD 586-588.

Fuel oil 380 cst RMG 35 LS 1.0% - USD 641-644.

Marine Gas Oil DMA 86/LS 0.1% - USD 926-928.

Marine Gas Oil DMA .89/LS 0.1% - USD 893-896.

MGO Netherlands Rotterdam (NL)


		Grimaldi takes delivery of ammonia-ready Grande Pacifico 9,800-ceu ship is the largest PCTC in the Neapolitan Group’s fleet and the first of five sister vessels on order.

		IMO seminar in Trinidad and Tobago trains Caribbean maritime educators for the alternative fuels era A five-day regional seminar in Port of Spain addressed ammonia, methanol and hydrogen training for seafarers.

		Corvus Energy wins 40 MWh battery contract for BC Ferries’ new biofuel-compatible Summit Class vessels Norwegian battery supplier to power four new hybrid-electric ferries for Canada’s BC Ferries.

		ABS issues product design assessment for Fleetzero’s Leviathan battery system The first US-manufactured lithium iron phosphate marine battery system receives classification society approval.

		ABB wins power and propulsion contract for Allseas’ offshore wind support vessel ABB will supply an integrated propulsion package for a new semi-submersible vessel supporting Europe’s offshore wind sector.

		Pinnacle Marine lays keel for fifth B100-compatible harbour craft as Singapore fleet build-out reaches full construction phase All five vessels in Pinnacle Marine's B100-compatible utility boat programme are now under construction.

		CSSC units sign contract for four tri-fuel ore carriers Ships feature a tri-fuel propulsion system combining ethanol, methanol and fuel oil.

		Bunker One seeks oil derivatives trader for Houston desk New hire to work alongside trading and sales, providing hedging solutions for physical exposure.

		Kawasaki delivers 13th LPG-fuelled LPG/ammonia carrier 86,700-cbm vessel is shipbuilder's 20th delivery featuring LPG-fuel propulsion.

		TUI Cruises puts both InTUItion-class ships on bio-LNG as fleet targets 50,000-tonne CO₂e saving in 2026 German cruise operator says bio-LNG use across two newbuilds has already cut 26,000 tonnes of CO₂e.