Rotterdam Market Report

Fri 4 Sep 2015, 10:45 GMT

Rotterdam Market Report

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

Crude:

Oil prices inched higher on Thursday in see-saw trade, tracking gains in Wall Street equities for a second straight day despite a weekly build in U.S. crude inventories that weighed on the outlook for oil. Brent's front-month contract settled up 18 cents at $50.68 a barrel. At one point during the session it had risen above $52.

Bunker Market:

Loadings of VLCCs providing support for firmer market.

Dutch time: 11:40 hrs.

Fuel oil RMG 380 HS: 3.5%: USD 244-246

Marine Gas Oil DMA .89/ LS 0.1%: USD 449-453

ULS fuel oil: USD 430-435.

MGO Netherlands Rotterdam (NL)


		MOL wins LR technology award for wind-assisted propulsion on LNG carriers Lloyd’s Register honours Mitsui O.S.K. Lines for its Wind Challenger decarbonisation work.

		Echandia to supply battery system for Incat’s new 78-metre hybrid ferry Swedish battery maker Echandia wins first order from Australian high-speed ferry builder Incat.

		Global Risk Management posts $9.4m pre-tax profit amid low-volatility energy markets Danish hedging firm grows client base and broadens product range despite subdued market conditions.

		Lloyd’s Register grants first type approval for 100% hydrogen marine engine BeHydro’s spark-ignited engine, tested in Ghent, operates entirely on hydrogen without pilot fuel.

		Molgas completes first LNG bunkering operation at Palermo Spanish energy firm carries out maiden LNG delivery at Sicilian port.

		Tsuneishi China delivers third methanol dual-fuel boxship in series Zhoushan shipbuilder hands over another 5,900-teu Maersk container vessel.

		Everllence completes type approval test for ammonia engine ahead of sea trials Eight classification societies oversee testing of ME-LGIA ammonia engine at Copenhagen research centre.

		CPN bunker barge becomes first vessel listed under Hong Kong’s new quality bunkering scheme Zhong Ran 23 achieves listing under the Marine Department’s voluntary mass flow metering initiative.

		Bunker Holding posts $73m pre-tax profit amid geopolitical headwinds and board overhaul Marine fuels exceeds its own expectations despite 4% revenue decline.

		Oilmar formalises governance structure with establishment of board of directors Dubai-based marine fuels trader Oilmar appoints three-member board.