Rotterdam Market Report

Mon 21 Sep 2015, 10:27 GMT

Rotterdam Market Report

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

Crude:

World fuel indices declined for a second day after the Federal Reserve left the rate unchanged. OPEC member Kuwait said the oil market would balance itself but that this would take time. The statement could be considered as a sign of support for the OPEC's policy to defend market share despite falling prices.

Meanwhile OPEC predicts oil will rise gradually to $80 a barrel in 2020 as supply growth outside the group weakens. It is also expected the average selling price of OPEC crude will increase by about $5 annually to 2020 from $55 this year.

Bunker Market:

The Rotterdam high sulfur fuel oil market was still weighed down by ample supplies Friday, with refinery turnarounds in Russia still not showing a significant impact on the market and despite ongoing loadings of VLCCs for export on the Rotterdam-Singapore route.

Dutch time: 11:45 hrs.

Fuel oil RMG 380 HS: 3.5%: USD 215-217

Marine Gas Oil DMA .89/ LS 0.1%: USD 427-430

ULS fuel oil: USD 395-400.

MGO Netherlands Rotterdam (NL)


		Venture Energy signs green methanol supply deal with Shenji Energy Hong Kong-based firm to purchase ISCC EU-certified biomass-derived methanol for shipping clients.

		Changhong International begins construction on second 11,400-teu LNG dual-fuel container ship Chinese shipbuilder starts work on vessel CHB2060, second of 18-ship series for Oceanroutes.

		Keel laid for LNG bunkering vessel Celsius Turkish shipbuilder begins construction of dual-fuel bunkering vessel for Sirius Shipping and Gasum.

		Vitol’s Marine ISTA completes record 4,900 mt bunkering operation at Karachi Port Operation marks largest fuel supply at Pakistani port, highlighting potential for regional bunkering hub development.

		Gasum and Wasaline extend bio-LNG supply agreement to 2027 Nordic energy company renews fuel supply contract with Finnish-Swedish ferry operator through 2027.

		MOL Techno-Trade completes Japan’s first truck-to-ship LNG bunkering for foreign cruise vessel Ritz-Carlton cruise ship Luminara refuelled at Nagasaki Port using truck-to-ship method on 3 April.

		Methanol-ready cable-laying vessel hull launched in Romania Shipbuilder floats hull of dual-fuel vessel designed for offshore renewable energy cable operations.

		GCMD biofuels lead receives Singapore standardisation award Dr Prapisala Thepsithar recognised for contributions to marine biofuel specification development.

		Certas Energy to attend Marine Energy Wales conference in April Marine fuel supplier to discuss sector solutions at UK marine renewable energy conference.

		Sanmar completes sea trials for 14th all-electric tugboat Turkish shipyard marks half-century in business with latest battery-powered vessel from ElectRA series.