Rotterdam Market Report

Wed 29 Jul 2015, 10:19 GMT

Rotterdam Market Report

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

Crude:

Oil prices steadied on Tuesday, recovering from near six-month lows, with U.S. crude rising more than 1 percent as bets for a drop in U.S. crude stockpiles offset worries about a global supply glut and equity market meltdown in China.

The market also saw short-covering after a four-day sell-off that wiped between 6 and 7 percent off crude futures, traders said.

Some remained convinced, however, that oil had more to lose, and that a bottom for the market was still far off.

Bunker Market:

Still loading problems for fuel oil. Some suppliers fully booked until after the weekend.

Dutch time: 11.10 hrs.

Fuel oil RMG 380 HS: 3.5%: USD 267-272

Marine Gas Oil DMA .89/ LS 0.1%: USD 455-460

ULS fuel oil: USD 430-435.

MGO Netherlands Rotterdam (NL)


		Chinese shipbuilder delivers 155,500-dwt LNG dual-fuel crude oil tanker Vessel handed over to Capital Ship Management Corp in China.

		Seaspan takes delivery of first 10,800-ceu dual-fuel LNG car carrier Glovis Lighthouse enters service as one of a handful of vessels globally to exceed 10,000 CEU capacity.

		Rotterdam study maps pathway for nuclear-powered commercial ship port calls A joint study by Lloyd's Register, the Port of Rotterdam, Core Power and Maersk examines the feasibility of nuclear vessel port calls.

		Kinkai Yusen conducts first biofuel demonstration on domestic ro-ro vessel at Hakata Port Japanese shipping company to trial B24 biofuel blend aboard the vessel Nanotsu on 16 June.

		Norwegian Energy Trading renews ISCC certification for biofuel trading Norwegian bunker trader says renewal reflects growing biofuel volumes and commitment to verifiable sustainability standards.

		Jiangnan delivers VLAC with LPG dual-fuel main engine Vessel is claimed to be the world’s first 93,000 cbm very large ammonia carrier.

		BIMCO adopts biofuel clause for time charter parties Shipping body has introduced a new contractual clause to govern the use of biofuels under time charter agreements.

		UK research vessel Prince Madog wins LR certification for hydrogen fuel cell retrofit Lloyd’s Register certifies what is claimed to be the first sea-going, manned hydrogen retrofit of its kind.

		World Fuel seeks marine lube operations and sales executive in Greece US firm is recruiting for a commercial role focused on marine lubricants, based out of its Glyfada office.

		European Shipowners calls for fuel supplier mandates and ETS revenue investment ahead of policy revision Industry body urges EU policymakers to redirect carbon revenues into clean marine fuel production.