Rotterdam Market Report

Wed 3 Jun 2015, 11:09 GMT

Rotterdam Market Report

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

Crude:

Oil rose to a three-week high in New York on speculation U.S. inventories posted their longest stretch of declines since August, while the dollar weakened. Saudi Arabia said its efforts to focus on market share are working, bolstering speculation that OPEC will maintain its production target at this week's meeting.

Oil's 40 percent rebound from a six-year low is supporting the strategy of the Organization of Petroleum Exporting Countries to keep pumping into a global glut. The group, which supplies about 40 percent of the world's oil, will keep its quota unchanged at 30 million barrels a day, according to all but one of 34 traders and analysts in a Bloomberg survey.

Bunker Market:

Loading problems for fuel in Rotterdam are easing but prompt deliveries still a bit tight. No gasoil loading problems reported.

Dutch time: 11.10 hours.

Fuel oil RMG 380 HS: 3.5%: USD 342-344

Marine Gas Oil DMA .89/ LS 0.1%: USD 574-578.

ULS fuel oil: USD 535-538.

MGO Netherlands Rotterdam (NL)


		SRC Group’s Methanol Superstorage has received RINA Type Approval Space-efficient fuel tank system has gained formal certification, enabling methanol adoption without sacrificing storage capacity.

		MHI Marine Machinery and Mitsubishi Shipbuilding receive AiP for methane oxidation catalyst system ClassNK approves basic design of LNG engine exhaust treatment system achieving over 90% methane oxidation.

		CMA CGM names 15,000-teu methanol-powered container ship in Shanghai The CMA CGM Esmeralda has been deployed on the REX2 service.

		DNV and Singapore Institute of Technology partner on remote vessel operations research Agreement focuses on shore-based control centres for bunker vessels and autonomous maritime capabilities.

		Grimaldi takes delivery of eleventh ammonia-ready car carrier Grande Inghilterra features solar panels, lithium batteries and cold ironing capability.

		Japanese tugboat to feature biofuel blender and ultrasonic anti-fouling system Seagate Corporation’s Bisan Maru is the first Japanese tugboat to feature both environmental technologies.

		Hercules Tanker Management deploys second Ultra-Spec vessel to the Mediterranean HTM Elisabeth arrived in Gibraltar carrying biofuel cargo from Thailand bound for Barcelona operations.

		Wärtsilä to supply ammonia fuel systems for Navigator Gas and Amon Maritime carriers Finnish technology group wins contract for cargo handling systems on two dual-fuel ammonia vessels.

		Battery-methanol harbour tug completes sea trials ahead of Gothenburg deployment Svitzer Balder is claimed to be the most powerful electric escort tug in the world.

		Changhong International launches fourth LR2 tanker for Navios Chinese shipbuilder floats 115,000-tonne LR2/Aframax product tanker with methanol and LNG conversion capability.