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)


		Low-GHG methane could keep LNG-capable fleet compliant as regulations tighten, DNV paper argues Biomethane and e-methane offer a compliance pathway for LNG-capable ships, says DNV.

		HaiSea's fleet of electric and dual-fuel tugboats completes 100th LNG carrier escort into Kitimat The Haisla Nation and Seaspan joint venture marks one year of LNG carrier escort operations in British Columbia.

		Naming ceremony held for LNG dual-fuel VLCC Mount Vision Crude oil tanker named in ceremony held in China.

		MOL signs bio-LNG supply deals for car carriers across Northern Europe and Mediterranean Japanese shipping group expands bio-LNG bunkering to Spanish ports as part of its net-zero strategy.

		Dan-Bunkering launches two-year trainee programme for aspiring marine fuel traders Bunker firm is recruiting trainees for an August 2026 start across its European offices.

		Chevron hiring London-based marine fuels marketer with renewable fuels remit Applications open until 30 June for role involving the marketing of physical bunker fuels with a focus on Europe.

		Burando Energies seeks operator to support Rotterdam bunkering activities New hire will be responsible for planning, coordinating and monitoring operational activities across the firm's bunkering business.

		Corvus Energy to supply battery systems for two new Scylla Shipping river cruise vessels Norwegian battery supplier extends its partnership with Swiss river cruise operator Scylla Shipping.

		NYK signs time-charter deal for two dual-fuel LPG-powered VLGCs Singapore subsidiary will provide gas carriers to carry Louisiana-produced ammonia to Japan.

		MOL wins LR technology award for wind-assisted propulsion on LNG carriers Lloyd’s Register honours Mitsui O.S.K. Lines for its Wind Challenger decarbonisation work.