Rotterdam Market Report

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.

MGO Netherlands Rotterdam (NL)


		Flex Commodities moves Dubai head office to Jumeirah Lakes Towers UAE-based firm relocates to waterfront community popular amongst bunker companies.

		Echandia: Batteries offer fuel savings by optimising generator loads on large vessels Marine batteries could cut auxiliary generator fuel consumption by up to 15%, according to technology firm.

		Amazónica LNG joins SEA-LNG, extending the coalition’s reach into Latin America Colombian LNG terminal operator becomes first South American member of the multi-sector industry group.

		Hong Lam Marine launches first of four newbuild bunkering vessels First ship in the series, Priority, is launched in Jiangmen, China.

		CMA CGM completes world’s largest single-batch biomethanol bunkering at Shanghai 8,016-tonne operation said to be enough to fuel an entire transoceanic voyage.

		ClassNK revises alternative fuels guidelines to address hydrogen, methanol and ethanol safety requirements Updated guidelines incorporate IMO hydrogen rules and new structural standards for alcohol fuel tanks.

		MacGregor wins cargo handling contract for six LNG-powered boxships at Cochin Shipyard CMA CGM container vessels are scheduled for delivery between 2029 and 2031.

		Estonia launches biomethane-battery workboat for state fleet 38-metre KRATT is said to be the first vessel of its kind in the region.

		Yang Ming completes first LNG SIMOPS bunkering for YM Willpower in Shanghai Dual-fuel boxship receives 2,000 tonnes of LNG during simultaneous cargo operations.

		AYK Energy and Gebhard Electro secure two vessel electrification contracts A new dredger and a patrol vessel retrofit form the latest battery projects for the duo.