Thu 23 Jul 2015, 09:36 GMT

Rotterdam Market Report


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



Crude:

Oil tumbled as U.S. stockpiles increased, adding to a glut. Inventories rose 2.47 million barrels last week, Energy Information Administration data show, in contrast to the 1.9-2.2 million-barrel drop forecast. Supplies climbed as refineries processed crude at a record pace and the nation's oil output was steady, near the highest level in more than 40 years. West Texas Intermediate oil has dropped almost 20 percent in six weeks on signs the global surplus will be prolonged as Iran bids to restore output after its nuclear accord.

Bunker Market:

Some suppliers fully book until after the weekend.

Dutch time: 11.00 hrs.

Fuel oil RMG 380 HS: 3.5%: USD 285-287

Marine Gas Oil DMA .89/ LS 0.1%: USD 475-478

ULS fuel oil: USD 450-455.


Aerial view of a container vessel. EU ETS 2026 review raises cost predictability concerns for European shippers  

European Shippers' Council warns that carbon market reforms could affect logistics planning and competitiveness.

Grande Oriente vessel. Grimaldi takes delivery of 12th ammonia-ready car carrier Grande Oriente  

Naples-based firm says its latest PCTC halves fuel consumption compared with earlier-generation vessels.

ONE Solidarity vessel. Ocean Network Express deploys methanol- and ammonia-ready vessel  

ONE Solidarity arrives in Shekou on maiden voyage as ONE expands MS2 service capacity.

Cornelius Larsen, Sonan Energy. Sonan Energy Panama recruits bunker trader Cornelius Larsen  

Former Monjasa trader relocates to Panama to support firm's regional growth ambitions.

BV and Shenzhen Port Group agreement signing. Bureau Veritas and Shenzhen Port Group sign agreement to develop green shipping corridor  

Partnership aims to position Shenzhen as a green maritime hub and advance decarbonisation.

Naming ceremony of the vessels Puteri Johor and Puteri Kedah. K Line delivers two dual-fuel LNG carriers to Petronas LNG  

Sister vessels Puteri Johor and Puteri Kedah handed over in China.

Fjord1's ferry Bergensfjord. 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.

Bill Watts, Bernhard Schulte (Singapore) Pte Ltd. 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.

Rijkswaterstaat Power2Tow R&D phase launch. 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 Logo. 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.