Rotterdam Market Report

Tue 4 Nov 2014, 10:52 GMT

Rotterdam Market Report

Market report from Marine Bunkering (Rotterdam) B.V.

Crude:

WTI dropped to the lowest level in more than 2 years after Saudi Arabia reduced the cost of its oil to US customers in the face of soaring North American output.

Bunker Market:

Availability for all grades remain tight. Most suppliers fully booked 7th November 2014.

Dutch time: 11:30 hours

Fuel oil RMG 380 HS 3.5% - USD 443-446

Fuel oil RMG 380 LS 1.0% - USD 454-460

Marine Gas Oil DMA .89/ LS 0.1% - USD 717-719

MGO Netherlands Rotterdam (NL)


		European shipowners control 34.5% of global fleet but lag on sustainable fuel production New study highlights Europe’s shipping dominance while warning of Asia’s lead in alternative fuel development.

		O Bunkering announces new board of directors following merger Marine fuel supplier forms board to guide strategic direction and governance after recent merger.

		Clean ammonia project pipeline reaches 144 MMT by 2034 as industry advances Gena Solutions tracks 327 clean ammonia projects, with four reaching development milestones in April.

		O Bunkering and Marafi Services announce merger Omani firms join forces to accelerate growth and improve operational efficiency.

		OOCL orders twelve 13,600-teu LNG dual-fuel container vessels from Chinese shipbuilder Hong Kong-based carrier’s first LNG-powered vessels mark entry into alternative fuel segment.

		Cosulich launches second methanol-ready bunker vessel at Chinese shipyard Lucia Cosulich is the second of four sister vessels being built for alternative fuel bunkering.

		Wärtsilä Gas Solutions secures order for LNG systems on four bunkering vessels GSX Energy orders systems for vessels being built at Chinese shipyard Nantong CIMC Sinopacific.

		Chimbusco Pan Nation delivers 2,500 mt of B100 biodiesel in China’s largest single bunkering Hong Kong operation claims 89% greenhouse gas emissions reduction compared with conventional marine fuel.

		IBIA appoints three new members to Asia regional board Caroline Yang, Diana Mok and Francois-Xavier Accard join the board following unanimous approval.

		MOL achieves 98% methane slip reduction in LNG-fuelled vessel trials Japanese shipping company exceeds target in demonstration trials aboard coal carrier operating between Japan and Australia.