Rotterdam Market Report

Wed 19 Aug 2015, 14:09 GMT

Rotterdam Market Report

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

Crude:

Oil prices settled up on Tuesday, with U.S. crude rallying as much as 2 percent, after bullish economic data and bets for lower crude stockpiles in the United States, the world's largest oil consumer.

Short-covering ahead of Thursday's expiry of the key front-month contract in U.S. crude also helped the market advance from a 6-1/2-year low hit on Friday.

Bunker Market:

The Rotterdam high sulphur fuel oil market continued to look bearish Tuesday, weighed down by high stocks amid healthy supply flows from Russia.

Dutch time: 11:10 hrs.

Fuel oil RMG 380 HS: 3.5%: USD 234-236

Marine Gas Oil DMA .89/ LS 0.1%: USD 438-442

ULS fuel oil: USD 415-420.

MGO Netherlands Rotterdam (NL)


		Mitsubishi Shipbuilding receives order for ammonia fuel handling system MAmmoSS system will support shop testing of ammonia marine engines from two licensors.

		Kongsberg Maritime to lead EU Horizon project targeting wind-assisted propulsion at scale A 15-partner European consortium will use two full-scale vessel demonstrators to validate wind propulsion technology.

		Petrobras warns of extended MGO and VLSFO supply suspension at Port of Itaqui Fuel distributor announces pipeline maintenance shutdowns affecting both MGO and VLSFO supply.

		PowerCell secures SEK 50m marine fuel cell order for two liquid hydrogen cargo ships Swedish fuel cell maker wins contract to power two North Sea hydrogen vessels by 2028.

		MatH2 consortium launched to tackle hydrogen materials barriers New Finnish-led alliance targets materials compatibility challenges holding back hydrogen adoption.

		CMA CGM takes delivery of fifth methanol dual-fuel boxship in series from Jiangnan Shipyard 15,000-teu vessel is the penultimate ship in a six-vessel series due for completion in September.

		VPS launches VeriSphere Webshop in push to digitise marine fuel services Veritas Petroleum Services unveils self-service digital platform giving customers direct access to fuel data tools.

		ExxonMobil and Wallenius Wilhelmsen complete first trial of biofuel blend made from FAME distillation residue Vehicle carrier bunkered in Zeebrugge with B30 VLSFO blend.

		'China’s largest single-order green methanol procurement deal' announced Chimbusco and Shenergy seal agreement for 6,000 tonnes of methanol.

		Exmar takes delivery of third dual-fuel LPG midsize gas carrier in newbuild programme Belgian shipping group Exmar takes delivery of the 41,000-cbm LPG carrier Moriond.