Rotterdam Market Report

Tue 14 Jul 2015, 11:01 GMT

Rotterdam Market Report

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

Crude:

U.S. and Iranian diplomats signalled they'd let slip their chance to seal an accord by their latest self-prescribed deadline. Saudi Arabia told OPEC it raised oil production to a record. Gasoline dropped as more tankers were hired to ship the fuel to the U.S. Oil's rebound from a six-year low has faltered as a rout in Chinese equities stokes speculation demand will weaken, while the prospect of sanctioned Iranian crude returning to markets threatens to swell a glut. Prices may fall further as the world remains "massively oversupplied", before markets tighten in 2016 when output growth outside OPEC grinds to a halt, according to the International Energy Agency.

Bunker Market:

Weak market, with crude down and no supply problems.

Dutch time: 11.05 hrs.

Fuel oil RMG 380 HS: 3.5%: USD 290-293

Marine Gas Oil DMA .89/ LS 0.1%: USD 490-493

ULS fuel oil: USD 462-468.

MGO Netherlands Rotterdam (NL)


		NE Atlantic ECA will cause significant change to the current fuel mix \| Steve Bee, VPS The possibility of off-spec issues highlights the continuing need for proactive fuel testing to protect vessels.

		Smart ships failing to convert data into actionable intelligence, warns SmartSea Maritime technology firm claims vessels collect vast amounts of data but lack integration to support decision-making.

		DNV forecasts 100-fold growth in clean hydrogen by 2060, with China leading expansion Classification society projects $3.2tn investment in hydrogen sector, with maritime accounting for 15% of clean hydrogen use.

		Dual-fuel container ship and vehicle carrier fleet surpasses 1,200 vessels World Shipping Council reports 65% year-on-year increase in operational dual-fuel vessels to 440 ships.

		European Shipowners calls for ETS revenue investment and fuel supplier mandate ECSA urges the EU to invest €9bn in annual ETS revenues in fuel production and infrastructure.

		Singapore bunker industry urged to prioritise resilience and collaboration SSA committee vice chair highlights energy security and crisis readiness at Marine Fuels Forum 2026.

		TFG Marine receives bunker safety award from Singapore maritime authority Marine fuel supplier recognised for safety standards and operational performance at MPA Marine Fuel Forum.

		Bunker surveyor sought in Rotterdam to meet increased demand Dutch firm MCE Marine Surveyors is recruiting for a quantitative fuel inspection role.

		GCMD highlights BHP biofuel trials to address scaling challenges in maritime decarbonisation Mining company discusses need for traceability and coordinated progress across supply, cost and operational readiness.

		Peninsula implements energy efficiency measures across bunker supply fleet Marine fuel supplier focusing on data-driven upgrades and operational measures to cut consumption.