Rotterdam Market Report

Fri 3 Oct 2014, 10:01 GMT

Rotterdam Market Report

Crude:

Brent dropped to the lowest level in more than 2 years amid signs that global supplies are outstripping demand. WTI rebounded after falling below $90 for the first time in 17 months.

Bunker Market:

Prompt product remains very tight; still congestion at loading installations. Some suppliers advising product will remain tight for a fortnight. Below numbers not for prompt product. Below numbers for supply as from 9th/10th October.

Dutch time: 11:45 hours

Fuel oil RMG 380 HS 3.5% - USD 530-534

Fuel oil RMG 380 LS 1.0% - USD 542-547

Marine Gas Oil DMA LS 0.1% - USD 775-780

MGO Netherlands Rotterdam (NL)


		Rolls-Royce Power Systems switches German engine test facilities to HVO fuel Company saved 3,200 tonnes of CO2 by end of 2025 after switching to renewable diesel.

		Changhong International delivers final LNG dual-fuel container ship 205 days early Chinese shipbuilder completes 10-vessel series for MSC with delivery of 11,500-teu MSC Migsan.

		Oilmar seeks senior and mid-level bunker traders in Seoul Marine fuel firm aims to recruit experienced traders for South Korean operations.

		Global Ethanol Association to present on ethanol marine fuel at London shipping expo Morten Thomas Jacobsen will discuss ethanol fuel trials and maritime decarbonisation challenges in June.

		IBIA warns of structural shift in marine fuel market following Arabian Gulf tensions Association chair says geopolitical disruptions signal lasting changes to bunker supply dynamics and pricing.

		Rotterdam bunker volumes plunge 25% in first quarter amid regulatory shifts Fossil fuel sales decline sharply while alternative fuels show modest growth in Dutch port.

		Norsepower completes factory tests for 18 rotor sails bound for Airbus fleet Wind propulsion units cleared for installation on LD Armateurs vessels targeting 50% emissions reduction.

		Ernst Russ acquires four chemical tankers with five-year charters worth $126m Hamburg shipowner enters tanker segment with methanol-ready newbuildings delivering from Q4 2026.

		Wärtsilä boosts ammonia engine power output to match LNG equivalent Finnish technology group raises Wärtsilä 25 Ammonia engine output, enabling simpler vessel designs.

		Fincantieri secures order for three LNG-fuelled cruise ships from Princess Cruises Italian shipbuilder to construct vessels at Monfalcone yard, with deliveries scheduled through 2039.