Rotterdam Market Report

Wed 24 Jun 2015, 11:19 GMT

Rotterdam Market Report

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

Crude:

Crude futures rallied around 2 percent on Tuesday, latching onto a rebound in oil products ahead of U.S. inventory data expected to show strong demand for gasoline. Also supporting prices were signs of trouble with an impending Iranian nuclear deal that could delay Tehran's hopes of lifting Western sanctions on its oil exports. A strong dollar, which usually pressures commodity prices, did little to temper the rally.

Bunker Market:

Market firmed in line with crude/paper.

Dutch time: 11.15 hours

Fuel oil RMG 380 HS: 3.5%: USD 331-334

Marine Gas Oil DMA .89/ LS 0.1%: USD 560-565.

ULS fuel oil: USD 532-538.

MGO Netherlands Rotterdam (NL)


		NYK begins one-year B100 biofuel trial on car carrier Japanese shipping company NYK Line launches continuous 100% biofuel trial to assess long-term operational safety.

		IBIA names Caroline Yang as chair of Asia regional board Hong Lam Marine CEO takes over from Capt. Rahul Choudhuri in leadership transition at the bunkering association.

		MOL outlines biomethane strategy and calls for cross-sector collaboration at Asia renewable gas conference Japanese shipping company MOL presents its bio-LNG approach and decarbonisation pathway at industry forum.

		MTF issues safety management guidelines for wind-assisted propulsion systems New guidelines aim to help shipping companies integrate WAPS into safety management systems.

		Changhong International delivers LNG dual-fuel boxship to MSC 159 days ahead of schedule The 10,300-teu MSC Maria Renata is designed to meet ammonia-ready and methanol-ready requirements.

		Sunoil and BFT convert Dutch inland barge Birjo II to run on 100% biodiesel Dutch barge Birjo II has been converted to operate on B100, cutting CO₂ emissions by up to 90%.

		Global renewable methanol pipeline reaches 61.6 MMT as China construction accelerates Gena's latest tracker shows 282 projects in development, with China and Europe dominating the pipeline.

		ESL Shipping cuts steel on first methanol-powered Green Handy vessel in Nanjing Finnish dry bulk carrier begins construction of four new handysize ships in China.

		World’s largest LNG-powered container ship makes maiden Singapore call CMA CGM Notre Dame arrives in Singapore on her first Asia-Europe voyage.

		Uni-Fuels seeks bunker trader in Singapore as Nasdaq-listed firm expands team Role includes managing end-to-end transactions, identifying opportunities and optimizing margins.