Rotterdam Market Report

Wed 26 Aug 2015, 11:55 GMT

Rotterdam Market Report

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

Crude:

Oil rose more than 3 percent on Tuesday as oversold conditions brought some buyers back to the market, but a lingering supply glut and worries about the slowing economy in top commodities consumer China kept crude prices near 6-1/2-year lows.

China cut interest rates on Tuesday and lowered the amount of reserves banks must hold in its latest move to stimulate growth, aiding a recovery in European and Wall Street shares.

Brent closed up 52 cents at $43.21 a barrel, after recording $42.23 on Monday - its lowest since March 2009.

Bunker Market:

Even though crude is stronger, bunker prices remain under pressure due to much product in the ARA.

Dutch time: 12:17 hrs.

Fuel oil RMG 380 HS: 3.5%: USD 191-195

Marine Gas Oil DMA .89/ LS 0.1%: USD 391-394

ULS fuel oil: USD 363-368.

MGO Netherlands Rotterdam (NL)


		Rolls-Royce Power Systems switches German engine test facilities to HVO fuel Company saved 3,200 tonnes of CO2 by end of 2025 after switching to renewable diesel.

		Changhong International delivers final LNG dual-fuel container ship 205 days early Chinese shipbuilder completes 10-vessel series for MSC with delivery of 11,500-teu MSC Migsan.

		Oilmar seeks bunker traders in Seoul as part of global expansion Dubai-based marine fuel trader recruiting mid-level and senior professionals for South Korean operations.

		Global Ethanol Association to present on ethanol marine fuel at London shipping expo Morten Thomas Jacobsen will discuss ethanol fuel trials and maritime decarbonisation challenges in June.

		IBIA warns of structural shift in marine fuel market following Arabian Gulf tensions Association chair says geopolitical disruptions signal lasting changes to bunker supply dynamics and pricing.

		Rotterdam bunker volumes plunge 25% in first quarter amid regulatory shifts Fossil fuel sales decline sharply while alternative fuels show modest growth in Dutch port.

		Norsepower completes factory tests for 18 rotor sails bound for Airbus fleet Wind propulsion units cleared for installation on LD Armateurs vessels targeting 50% emissions reduction.

		Ernst Russ acquires four chemical tankers with five-year charters worth $126m Hamburg shipowner enters tanker segment with methanol-ready newbuildings delivering from Q4 2026.

		Wärtsilä boosts ammonia engine power output to match LNG equivalent Finnish technology group raises Wärtsilä 25 Ammonia engine output, enabling simpler vessel designs.

		Fincantieri secures order for three LNG-fuelled cruise ships from Princess Cruises Italian shipbuilder to construct vessels at Monfalcone yard, with deliveries scheduled through 2039.