Rotterdam Market Report

Wed 3 Sep 2014, 10:58 GMT

Rotterdam Market Report

Crude:

Brent slumped to a 16-month low and WTI dropped to the lowest level since January on concern slower manufacturing from Europe to China will curb global oil demand.

Bunker Market:

Product remains tight with most suppliers this week. Below numbers not for product to be supplied during this period.

Dutch time: 11:00 hours

Fuel oil RMG 380 HS 3.5% - USD 555-557

Fuel oil RMG 380 LS 1.0% - USD 569-572

Marine Gas Oil DMA .86/LS 0.1% - USD 852-860.

Marine Gas Oil DMA .89/LS 0.1% - USD 825-830.

MGO Netherlands Rotterdam (NL)


		Oilmar welcomes summer intern to Dubai branch Arpit Aryan will rotate across the bunker fuel trading, finance and operations departments.

		Oilmar takes on trading and finance intern in Dubai New intern to rotate across trading, operations and finance teams.

		Seaspan and Maersk deepen fleet efficiency collaboration with $75m upgrade programme Retrofit package for four 13,000-teu vessels includes installation of shaft generator to reduce auxiliary engine fuel consumption.

		EU Parliament vote on soy biofuels could expose bloc to $5.6bn a year in trade sanctions MEPs reject regulation that would have phased out soy biofuels, risking WTO retaliation penalties.

		Peninsula and Itochu form joint venture to develop ammonia bunkering in Europe The two companies will initially focus on major European and Mediterranean port hubs.

		Flex Commodities appoints compliance analyst with Morgan Stanley background Dubai-based bunker trader hires onboarding specialist to bolster compliance team.

		NYK names eighth dual-fuel LPG carrier at Kawasaki Heavy Industries yard Lyla Pathfinder is capable of operating on both heavy fuel oil and LPG.

		Verde Marine Energy and Eleven Energy formalise strategic collaboration Alliance combines physical supply capabilities with an expanding international trading business.

		US Federal Maritime Commission chair to keynote IBIA Convention 2026 in New York Laura DiBella to address marine fuel industry leaders on regulation and market direction.

		Longer drains, lower cost: The role of oil analysis of synthetic engine oils \| Joe Star, VPS VPS recommends robust oil analysis programme for the safe extension of drain intervals.