Rotterdam Market Report

Thu 4 Jun 2015, 10:20 GMT

Rotterdam Market Report

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

Crude:

WTI experienced a sharp decline yesterday, despite news of a drop in US inventories. Iran warns OPEC to anticipate more supply.

Bunker Market:

Fuel oil is under pressure as arbitrage is closed and there's a healthy resupply of product into ARA.

Dutch time: 11.50 hours.

Fuel oil RMG 380 HS: 3.5%: USD 327-330

Marine Gas Oil DMA .89/ LS 0.1%: USD 557-560.

ULS fuel oil: USD 525-528.

MGO Netherlands Rotterdam (NL)


		Damen delivers second hybrid-ready combi freighter to German shipowner The vessel features biofuel capability and will be retrofitted with wind-assist technology with government funding.

		Retrofit capability expands as regulatory uncertainty slows alternative-fuel conversions Lloyd’s Register warns delayed conversions could compress demand into a narrower, costlier timeframe as the fleet ages.

		Bermuda Container Line imposes emergency bunker surcharge citing Iran War fuel price spike Shipping operator to add $150 per TEU charge from 1 May amid geopolitical fuel cost pressures.

		Zhejiang’s first methanol-powered container ship launches in Jiaxing Vessel uses methanol propulsion technology to reduce carbon dioxide emissions by 90%.

		TES joins SEA-LNG coalition to advance e-methane as marine fuel Green energy company targets 1m tonnes annual e-methane production by 2030 for shipping decarbonisation.

		IBIA to host workshop on ethanol and methanol marine fuels during Singapore Maritime Week Half-day event will examine alcohol-based fuel pathways and integration into shipping’s multi-fuel landscape.

		ROC begins construction of second chemical tanker for Essberger Chinese shipbuilder holds steel-cutting ceremony for 13,000-dwt methanol-ready vessel with ice class capability.

		Norsepower and Cosco Shipping Heavy Industry Equipment sign wind propulsion cooperation agreement Wind propulsion technology provider partners with Chinese shipyard to scale rotor sail production.

		Shipping firms struggle to prioritise decarbonisation investments amid regulatory uncertainty, Wärtsilä survey finds Survey of 225 maritime executives reveals 70% say uncertainty hinders investment decisions despite regulatory pressure.

		Longitude Engineering unveils IMT Isca G-Flex PSV design with alternative fuel capability Naval architecture firm launches adaptable platform support vessel design based on the IMT-984 G-Class hull.