Rotterdam Market Report

Mon 25 Aug 2014, 10:20 GMT

Rotterdam Market Report

Crude:

WTI headed for a 5th weekly decline - the longest losing streak in 9 months - on concern refineries will reduce demand for crude as the end of summer driving season approaches.

Bunker Market:

Prompt fuels tight.

Dutch time: 12:15 hours

Fuel oil RMG 380 HS 3.5% - USD 562-564

Fuel oil RMG 380 LS 1.0% - USD 571-574

Marine Gas Oil DMA 86/LS 0.1% - USD 860-865.

Marine Gas Oil DMA .89/LS 0.1% - USD 834-838.

MGO Netherlands Rotterdam (NL)


		Belgian Trading & Bunkering expands DMA 0.89 truck deliveries in ARA region BTB extends marine fuel offerings with truck-based deliveries to meet maritime market demand.

		ABS convenes roundtable on offshore power barge for Great Lakes emissions reduction Meeting brought together ports, academia and industry to advance shore power solution under EPA programme.

		Maersk marks 50-year Lego partnership with dual-fuel vessel model Shipping company displays an exhibition of Lego sets spanning five decades at Copenhagen headquarters.

		Cosco Shipping takes delivery of 80,000-dwt methanol-ready grain carrier Guo Yun Hai features box-shaped cargo hold and methanol-ready design with energy-saving devices.

		Algeciras reports record LNG bunkering volumes, claims European top-three position Spanish port says it supplied 333,833 cbm of LNG across 78 ship-to-ship operations in 2025.

		T&E: Iran conflict costing shipping industry €340m a day in fuel costs Transport & Environment analysis shows marine fuel price surge has cost the industry €4.6bn since conflict began.

		Damen delivers second hybrid-ready combi freighter to German shipowner The vessel features biofuel capability and will be retrofitted with wind-assist technology with government funding.

		Retrofit capability expands as regulatory uncertainty slows alternative-fuel conversions Lloyd’s Register warns delayed conversions could compress demand into a narrower, costlier timeframe as the fleet ages.

		Bermuda Container Line imposes emergency bunker surcharge citing Iran War fuel price spike Shipping operator to add $150 per TEU charge from 1 May amid geopolitical fuel cost pressures.

		Zhejiang’s first methanol-powered container ship launches in Jiaxing Vessel uses methanol propulsion technology to reduce carbon dioxide emissions by 90%.