Rotterdam Market Report

Fri 28 Nov 2014, 11:23 GMT

Rotterdam Market Report

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

Crude:

Brent extended its decline from a four-year low as OPEC braced itself for a price war with US shale producers after taking no action to relieve a glut. WTI headed for the biggest weekly drop since 2011.

Bunker Market:

Some suppliers do not sell LS 380 1,0% anymore. All grades: prompt product tight for most suppliers till mid/end next week and even expected to get worse as more cargoes fixed for Singapore. Gap in prices due to different market visions among suppliers.

Below numbers not for prompt product.

Dutch time: 11:55 hours

Fuel oil RMG 380 HS 3.5% - USD 380-390

Fuel oil RMG 380 LS 1.0% - USD 386-395

Marine Gas Oil DMA .89/ LS 0.1% - USD 637-645

MGO Netherlands Rotterdam (NL)


		New Times Shipbuilding cuts steel on two crude tankers and delivers LNG dual-fuel vessel Chinese yard marks a busy 4 June with steel-cutting ceremonies and a tanker delivery to Maran.

		Baleària Canarias christens €128m dual-fuel fast ferry Mercedes Pinto for inter-island routes The catamaran will connect Tenerife, Gran Canaria and Fuerteventura with six daily departures.

		DNV awards AiP to HHI for LPG dual-fuel container vessel design Approval in principle granted for ship design targeting the underserved smaller container segment.

		Seascale Energy partners with Lloyd’s Register Advisory to build decarbonisation expertise The bunker firm has launched a knowledge partnership covering low-carbon fuels and maritime regulations.

		CSL takes delivery of methanol-ready Kamsarmax as fleet renewal programme advances MV CSL Kuleana departs on maiden voyage, equipped with Tier III engines.

		LNG orderbook share hits 90% as methane pathway investment holds firm LNG bunkering volumes surge and biomethane uptake grows six-fold, despite geopolitical headwinds.

		NYK to offset ship emissions with CDR credits from Loblolly project Japanese shipping group turns to biomass-based carbon sequestration to address residual maritime emissions.

		K Line orders four LNG dual-fuel car carriers for European short-sea operations Kawasaki Kisen Kaisha contracts quartet of 1,380-vehicle vessels at China Merchants Jinling Shipyard.

		Bunge seeks bunker purchaser for Rotterdam operation Agribusiness is looking for candidates with experience in marine fuel procurement.

		First vessel in NYK Stolt Tankers’ newbuild series launched in China FKAB-designed 38,000 DWT chemical tanker launched at Nantong Xiangyu Shipyard, China.