Rotterdam Market Report

Tue 29 Jul 2014, 12:13 GMT

Rotterdam Market Report

Crude:

WTI and Brent dropped as the flow of oil from the Middle East was unaffected by the surge in violence in Libya and Iraq.

Bunker Market:

Market firming in line with crude/paper plus ex-wharf product tight up to and including 4th August. Some suppliers fully booked this month.

Dutch time: 11:50 hours

Fuel oil RMG 380 HS 3.5% - USD 574-578

Fuel oil RMG 380 LS 1.0% - USD 590-594

Marine Gas Oil DMA 86/LS 0.1% - USD 896-900.

Marine Gas Oil DMA .89/LS 0.1% - USD 865-870.

MGO Netherlands Rotterdam (NL)


		Titan charters 8,000-cbm LNG bunker vessel for ZARA region operations United LNG I to deliver LNG and bio-LNG across Amsterdam, Rotterdam, Antwerp and Zeebrugge ports.

		Peninsula begins physical bunker supply operations in Mauritania Marine fuel supplier operating two barges following licence award from the Mauritanian National Hydrocarbons Commission.

		PuriFire Energy signs biomethanol supply deal with X-Press Feeders Letter of intent covers up to 15,000 tonnes annually for feeder carrier’s fleet.

		FLEX Commodities opens Seoul office with new Korea leadership team Dubai-based trader establishes South Korea presence with appointments of Alan Yang and Yujin Kang.

		O Bunkering appoints Sulaiman Alhadhrami as chief executive officer Omani bunker supplier names new CEO to lead growth and expansion in the maritime sector.

		Zhoushan expands shore power infrastructure as part of emissions reduction drive Chinese port city reports 30% increase in shore power usage across terminals and berths.

		Hapag-Lloyd and Kuehne+Nagel partner on biofuel initiative for Asia-Europe trade Agreement covers 3,300-teu using waste-based biofuels, targeting a 2,979-tonne CO₂e reduction in 2026.

		Berg Propulsion to supply electric propulsion systems for India’s green tugs Swedish firm to provide thrusters and electrical integration for two 60-tonne bollard pull battery-electric vessels.

		World Fuel seeks marine fuel supply executive in Singapore Role to manage supplier relationships and source marine fuel across South-East Asia and Australia-New Zealand.

		OOCL names first methanol dual-fuel vessel Orient Overseas Container Line christens OOCL Wisdom, dubbed the world’s largest methanol dual-fuel container vessel.