Rotterdam Market Report

Fri 22 May 2015, 10:48 GMT

Rotterdam Market Report

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

Crude:

Oil prices jumped more than 2 percent on Thursday, giving Brent its biggest rally in more than a week, as draws reported in the Cushing delivery point for U.S. crude futures boosted optimism that a supply glut was easing. Fighting in Iraq raised worries about the security of Middle East oil shipments also boosted the market.

Bunker Market:

Prompt product tight. Monday official holiday Belgium / the Netherlands.

Dutch time: 10.55 hours.

Fuel oil RMG 380 HS 3.5% - USD 338-340

Marine Gas Oil DMA .89/ LS 0.1% - USD 585-590.

MGO Netherlands Rotterdam (NL)


		Gasum selected as LNG supplier for Fjord1 ferries on Norway’s west coast Long-term agreement covers LNG delivery to ferries operating the Arsvågen–Mortavika route.

		Shipping’s fuel transition faces $9 trillion funding gap, Singapore technical talk to hear Global merchant fleet said to be ordering alternative-fuel vessels faster than the fuels can be produced.

		Netherlands launches R&D phase for electric emergency towing vessels with e-methanol as backup fuel Vessels will operate electrically wherever possible, while e-methanol will serve as fuel during emergency towing operations.

		KPI OceanConnect seeks marine fuel trading intern for China desk in Singapore Bunker firm is recruiting a bilingual staff member to support its China trading operations.

		EmissionLink calls for clarity amid crowded regulatory landscape Emissions management firm calls for practical guidance to prevent duplicate carbon costs under overlapping regulatory regimes.

		Shell forecasts sevenfold rise in LNG bunkering demand to 27m tonnes by 2035 Annual LNG outlook projects global demand reaching nearly 700 million tonnes per year by 2050.

		VPS opens Shanghai lab as China’s bunker market expands Sixth laboratory added to global network, targeting faster fuel testing for customers in APAC region.

		Heinrich Wegener joins Global Ethanol Association German family-owned bunker firm joins industry body to support ethanol and methanol adoption.

		Second MSC ultra-large LNG dual-fuel boxship enters dry dock at Zhoushan Changhong International's Daishan Base receives 19,000-teu container vessel built for MSC.

		Deal signed to build four LNG-fuelled gas carriers Quartet of 175,000-cbm LNG vessels destined for Shell charter.