Mon 31 Aug 2015, 10:02 GMT

Rotterdam Market Report


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



Crude:

Hedge funds couldn't have timed an increase in bullish oil positions better, just before improving prospects for U.S. growth sent crude on its biggest two-day rally in six years.

Money managers boosted their net-long position in West Texas Intermediate crude 6.2 percent last week, days before futures surged 17 percent in the last two sessions, U.S. Commodity Futures Trading Commission data show.

Signs of a strengthening economy in the U.S., the world’s biggest crude consumer, helped drive the sudden rebound after concerns that demand will wane in China had pushed futures to six-year lows. America’s gross domestic product increased 3.7 percent in the second quarter, more than most analysts had expected, and consumer purchases climbed in July as incomes grew.

Bunker Market:

Fuel oil in Rotterdam was stronger again on Friday as VLCCs are fixed to bring product to Singapore.

Dutch time: 11:00 hrs.

Fuel oil RMG 380 HS: 3.5%: USD 232-234

Marine Gas Oil DMA .89/ LS 0.1%: USD 434-438

ULS fuel oil: USD 405-410.


Professor Lynn Loo, GCMD. Project CAPTURED secures EU ETS recognition and IMO support for onboard carbon capture pathway  

Two regulatory developments strengthen the commercial case for onboard carbon capture and storage at sea.

Vard 9 601 design render. Vard wins €220m contract to build methanol-ready vessels for Trinity House  

Norwegian shipbuilder Vard will replace two ageing Trinity House vessels with hybrid-powered successors.

Sunoco LP logo. Sunoco seeks bunker trader for 'front-line' role to expand marine fuels business  

Professional sought with at least two years' experience in bunker trading or marine fuels commercial sector.

Seaway vessel. Royal IHC delivers methanol-ready TSHD to Boskalis  

The 31,000-cbm Seaway is among the largest trailing suction hopper dredgers in the world.

Ocean Navigator vessel. LNG-powered MV Ocean Navigator completes sea trial ahead of August delivery  

Sallaum Lines ro-ro vessel due to enter commercial service next month.

EmissionLink logo. FuelEU surplus price drop could undermine fuel transition, warns EmissionLink  

Falling compliance costs may discourage real uptake of lower-carbon fuels, the company cautions.

Port of Hamburg. Port of Hamburg moves towards ammonia bunkering readiness with new safety framework  

Hamburg and MB Energy develop risk analysis and safety concept for ammonia ship-to-ship bunkering.

CMA CGM Pantheon naming ceremony. LNG-powered boxship CMA CGM Pantheon named in ceremony  

Vessel is sister ship to CMA CGM Notre Dame and will serve the Asia–Northern Europe trade lane.

Kota Ocean vessel. PIL hiring head of marine fuel procurement in Singapore  

Role requires at least 10 years’ experience in bunkering, shipping or energy sectors.

Arctic Tern and Hai Gang Zhi Yuan STS bunkering operation. EUKOR’s new car carrier completes first biomethanol bunkering at Shanghai on maiden voyage  

EUKOR, SIPG Energy and World Fuel deliver 2,800 tonnes of waste-derived biomethanol to the first Shaper Class vessel.