Rotterdam Market Report

Thu 31 Jul 2014, 12:16 GMT

Rotterdam Market Report

Crude:

WTI's discount to Brent narrowed as US inventories fell, while speculation that tougher sanctions against Russia won't impact the nation's fuel exports weighed on the North Sea grade.

Bunker Market:

Ex-wharf product remains tight up to and including 5th August. Some suppliers fully booked till mid next week. Prompt product tight, below mentioned prices not applicable for prompt product.

Dutch time: 11:50 hours

Fuel oil RMG 380 HS 3.5% - USD 571-574

Fuel oil RMG 380 LS 1.0% - USD 587-592

Marine Gas Oil DMA 86/LS 0.1% - USD 885-890.

Marine Gas Oil DMA .89/LS 0.1% - USD 863-867.

MGO Netherlands Rotterdam (NL)


		DNV says existing LNG infrastructure can support low-GHG methane transition Classification society finds biomethane and e-methane compatible with current LNG fleet and bunkering networks.

		IBIA launches Bunker Buyers Working Group for fuel procurement end users New forum aims to represent shipowners, charterers and ship managers in policy and regulatory discussions.

		MOL and Shell launch book-and-claim scheme for marine biofuel emissions credits Japanese shipping firm partners with Shell to offer environmental attribute certificates from third-party vessel operations.

		Bureau Veritas releases report on EU Renewable Energy Directive’s impact on shipping Classification society examines RED III compliance challenges as member states transpose the directive into national law.

		IBIA to hold 2026 annual convention in New York The event marks the first time in recent years that the association’s gathering has been held in the Americas.

		Port of Barcelona advances shore power rollout for cruise terminals Installation of OPS systems begins at MSC and Royal Caribbean terminals as port reorganises infrastructure.

		Anemoi and NACKS secure ClassNK approval for Ultramax rotor sail designs Two configurations for wind-assisted propulsion systems on bulk carriers receive approval in principle.

		Elbdeich Reederei takes delivery of first methanol-capable feeder vessel German shipowner receives 1,250-teu dual-fuel newbuild from Chinese yard, with three more to follow.

		Asyad Shipping adopts AuctionConnect digital bunker platform under three-year deal Middle East shipping company to implement auction-based procurement system across fleet operations.

		LNG remains the most deployable decarbonisation option for cruise shipping, Lloyd’s Register report finds Classification society’s latest research examines the fuel’s role in the sector’s energy transition and pathway to net zero.