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)


		Malik Supply seeks bunker trader for Dubai office expansion Danish firm looking for experienced professionals with a minimum of two years in bunker trading.

		NYK joint venture names first China-built dual-fuel LNG carrier in six-vessel CNOOC series 174,000-cbm vessel uses both fuel oil and boil-off gas as fuel.

		Anew Climate joins SEA-LNG coalition to advance bio-LNG adoption in the maritime sector North American low-carbon fuels company brings liquefied biomethane supply to the coalition.

		Wind propulsion breaks new ground on French Polynesian multipurpose vessel Bound4blue installs its eSAIL on what is believed to be the world’s first multipurpose vessel fitted with wind propulsion.

		Peninsula outlines case for bio-LNG as near-term emissions pathway for LNG-fuelled vessels Company says bio-LNG offers operators a practical route to emissions cuts using existing infrastructure.

		Fratelli Cosulich Bunkers receives MPA harbour craft workforce award Bunkering firm recognised for its support of Singapore's maritime training programme.

		UK Chamber of Shipping publishes safety evidence base for alternative marine fuels New report covering five fuel pathways aims to support the industry’s safe transition to net zero.

		Navigator Gas secures $121.8m loan for two ammonia carriers under construction in China Navigator Holdings and Amon Maritime joint venture locks in six-year post-delivery financing for dual-fuel vessels due in 2028.

		US project cancellation marks first monthly contraction in renewable methanol pipeline in over three years GENA’s July 2026 data shows a 0.5 MMT pipeline contraction as North America loses ground.

		Orica reaches FID on Australian renewable ammonia project as US mega-scale cancellation dents low-carbon pipeline GENA data shows project pipeline contraction as Air Products’ Louisiana complex is halted.