Rotterdam Market Report

Mon 14 Sep 2015, 09:39 GMT

Rotterdam Market Report

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

Crude:

Oil prices fell on Friday after Saudi Arabia said that there is not a need for a summit of producing countries' heads of state to defend prices.

Saudi Arabia is reported to believe that a summit by oil producers would fail to produce concrete action towards defending oil prices. The comments followed a meeting of Gulf Arab oil ministers with Qatar's emir in Doha, at which a Venezuelan proposal for an OPEC and non-OPEC summit was discussed.

Bunker Market:

Due to loadings of VLCCs, prompt barges tight. Gap between prices due to different market visions from suppliers, plus a still quiet market.

Dutch time: 11:10 hrs.

Fuel oil RMG 380 HS: 3.5%: USD 216-222

Marine Gas Oil DMA .89/ LS 0.1%: USD 435-442

ULS fuel oil: USD 410-414.

MGO Netherlands Rotterdam (NL)


		Oilmar DMCC seeks bunker traders for Singapore office Marine fuel trading firm is recruiting mid-level and senior professionals to expand Asia-Pacific marine fuels operations.

		Oilmar DMCC seeks senior bunker trader for Dubai operations Dubai-based energy firm recruits experienced marine fuels trader to expand Middle East portfolio.

		Zhoushan Changhong secures orders through 2029 with LNG dual-fuel container ships Chinese shipyard reports full order book as it constructs 19,000-teu vessels for MSC Group.

		K Line secures long-term bio-LNG supply for car carrier fleet Japanese shipping company expects to reduce greenhouse gas emissions by 60,800 tonnes annually.

		Methanol- and ammonia-ready container ship delivered to ONE Approval in Principle obtained from Lloyd’s Register for future methanol and ammonia fuel conversion.

		World Fuel Services and West Coast Clean Fuels launch methanol bunkering across US ports First over-the-water methanol delivery completed in South Florida with Coast Guard-approved procedures.

		Burando Energies appoints Valerie Ahrens as global head of methanol Ahrens brings more than 30 years of energy sector experience to the marine fuels supplier.

		New Sea Generation seeks junior bunker trader in Greece Greek bunker firm advertises role requiring commitment to demanding work schedule and operational responsibilities.

		IINO Lines secures sustainable shipping finance for methanol dual-fuel VLCC Japanese shipowner signs impact financing agreement with Mizuho Bank for alternative-fuel tanker.

		Fluxys Belgium reports EUR74.9m profit as LNG flows surge and hydrogen infrastructure begins Belgian gas infrastructure operator’s 2025 net profit fell 8.8% amid hydrogen and CO₂ investments.