Rotterdam Market Report

Tue 28 Jul 2015, 09:19 GMT

Rotterdam Market Report

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

Crude:

Brent oil relapsed into a bear market as rising Iraqi exports and a rebound in U.S. drilling signalled that the global supply glut will grow.

Oil's rebound from a six-year low has faltered amid signs a surplus will persist as the U.S. pumps near the fastest rate in three decades and leading members of OPEC pump at record levels.

Bunker Market:

Although Rotterdam market is oversupplied with fuel oil due to closed arbitrage and high imports from Russia, loading problems for barges still persist. ARA fuel oil is looking very bearish based on both crude and local oversupply.

Dutch time: 10.45 hrs.

Fuel oil RMG 380 HS: 3.5%: USD 268-270

Marine Gas Oil DMA .89/ LS 0.1%: USD 455-458

ULS fuel oil: USD 430-435.

MGO Rotterdam (NL)


		FortisBC completes 10,000th LNG bunkering operation for marine vessels Canadian utility reaches refuelling milestone as West Coast LNG marine fuel demand grows.

		Bureau Veritas approves dual-fuel tanker designs for Australian coastal operations SeaTech Solutions receives approval in principle for 80 m vessels designed to carry methanol and biofuels.

		Japanese shipping firms secure government funding for Singapore ammonia bunkering trial Sumitomo, K Line and NYK to demonstrate ship-to-ship ammonia fuel supply operations.

		PIL and PSA launch Singapore’s first joint land-sea green shipping service DNV-verified service allows shippers to reduce Scope 3 emissions through lower-carbon fuel allocation.

		Baleària begins sea trials of dual-fuel catamaran Mercedes Pinto in Gijón Third LNG-powered fast ferry expected for delivery in May, destined for Canary Islands routes.

		Navios Partners takes delivery of dual-fuel-ready Aframax tanker Nave Amaryllis is equipped with LNG and methanol readiness alongside shore power capability.

		IBIA backs IMO as global shipping regulator ahead of MEPC 84 Marine fuel industry body supports joint shipping statement emphasising multi-stakeholder approach to decarbonisation.

		SRC Group’s Methanol Superstorage has received RINA Type Approval Space-efficient fuel tank system has gained formal certification, enabling methanol adoption without sacrificing storage capacity.

		MHI Marine Machinery and Mitsubishi Shipbuilding receive AiP for methane oxidation catalyst system ClassNK approves basic design of LNG engine exhaust treatment system achieving over 90% methane oxidation.

		CMA CGM names 15,000-teu methanol-powered container ship in Shanghai The CMA CGM Esmeralda has been deployed on the REX2 service.