Thu 30 Jul 2015, 10:31 GMT

Rotterdam Market Report


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



Crude:

Oil prices jumped about 2 percent on Wednesday, springing from near six-month lows, after U.S. government data showed a surprisingly large crude stockpile draw that signalled the market may have been wrong in predicting slumping demand for energy.

Crude futures have lost over $10 a barrel since early June on fears that peak summer demand for gasoline in the United States was not enough to offset a growing global glut in oil supply. A resurgent dollar weighing on commodities and a stock market tumble in No.1 energy consumer China also contributed to the decline.

However, latest data from the U.S. Energy Information Administration showing a 4.2 million-barrel draw in crude stockpiles last week, more than twenty times analysts' expectations for a decrease of 184,000 barrels, indicated demand for energy may have been stronger than some thought.

The draw diverged sharply from the prior week's inventory build, which had taken stockpiles to above a five-year seasonal average.

The EIA also reported that averaging 9.51 million barrels per day over the past four weeks, U.S. gasoline demand was up 6.2 percent from the year-ago period.

Bunker Market:

Still loading problems for fuel oil in Rotterdam.

Dutch time: 11.00 hrs.

Fuel oil RMG 380 HS: 3.5%: USD 269-272

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

ULS fuel oil: USD 435-440.


Osprey Energy logo. Osprey Energy seeks junior bunker trader to support Cebu trading activities from Netherlands  

Dutch marine fuel supplier targets Cebu region expansion through new training programme for Filipino candidates.

EUA prices dropping graphic. KPI OceanConnect highlights falling EUA prices as opportunity for shipowners to lock in compliance costs  

Marine fuel supplier says timing carbon allowance purchases can reduce costs as EU emissions scope expands.

RINA employee in control room. RINA partners with Hanwha Group on battery-hybrid propulsion for ro-ro ferries  

Classification society to provide regulatory compliance verification for hybrid battery systems on newbuilds and retrofits.

Amadeus Titanium vessel. HGK Shipping’s Amadeus Titanium fitted with wind assistance system  

Coastal vessel equipped with VentoFoils at Dutch port to reduce fuel consumption on Covestro routes.

Sebastian Weder, Bunker One. Bunker One expands physical supply operations to Tallinn and Finland  

Marine fuel supplier extends Baltic Sea coverage with new operational presence in Estonia and Finland.

LNG shore-to-ship bunkering operation. Sawgrass LNG & Power completes first shore-to-ship LNG bunkering at Port Everglades  

Operation fuelled Ritz-Carlton Yacht Collection vessel Ilma on March 26, marking expansion of marine LNG infrastructure.

Avenir Ascension alongside Peter Pan vessel. Avenir LNG completes first ship-to-ship LNG bunkering of ferry in Klaipeda  

Operation marks Lithuania’s first STS LNG bunkering of a ferry, expanding Avenir’s Baltic operations.

Aura Marine webinar on ammonia as marine fuel. Auramarine to host webinar on ammonia fuel supply systems and safety considerations  

Finnish marine equipment provider schedules 16 April session on ammonia as an alternative fuel for shipping.

Green maritime fuel training programme. Hong Kong launches world’s first government-led green maritime fuel trainer programme  

Three-day course aims to certify trainers in alternative fuels, including ammonia, methanol and hydrogen.

VPS logo. The emergence of B100 FAME in a volatile distillate market | Paul Hoather, VPS  

VPS UK Sales Manager provides recommendations following increased B100 usage due to price dynamics.