Rotterdam Market Report

Mon 28 Sep 2015, 10:48 GMT

Rotterdam Market Report

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

Crude:

World fuel indices gained today on stronger than expected U.S. economic data. U.S. government data showed the economy expanded at an annual pace of 3.9 percent in the second quarter, more than previously estimated.

Fuel indices were also supported by lower U.S. rig count. Baker Hughes data shows U.S. rig count dropped by 4 - the smallest decline in four weeks. A lower rig count is a kind of bullish signal for oil as it suggests lower production in the future.

Bunker Market:

Stable market. Plenty of product and no loading problems reported.

Dutch time: 11:15 hrs.

Fuel oil RMG 380 HS: 3.5%: USD 214-216

Marine Gas Oil DMA .89/ LS 0.1%: USD 432-435

ULS fuel oil: USD 395-400.

MGO Netherlands Rotterdam (NL)


		Avenir LNG marks keel laying of newbuild LNG bunker vessel in China Ceremony held to signal the formal start of the vessel's construction at CIMC SOE.

		World Fuel seeks operations support representative in Dubai for marine fuels role Company looking for detail-oriented person with strong organizational skills who is able to manage multiple priorities.

		Monjasa moves to new Limassol office in regional 'commitment' Bunker firm relocates to third office since establishing a presence in Limassol a decade ago.

		Neste supplies renewable diesel to Tara Ocean Foundation’s first Arctic drift expedition Finnish fuel producer Neste is supplying renewable diesel to an 18-month Arctic scientific expedition.

		Amogy breaks ground on ammonia-to-power FAT facility in South Korea New FAT facility in Geoje marks a step towards commercial-scale ammonia-to-power systems.

		Portsmouth becomes the UK’s first port to offer multi-berth shore power as system goes live Ferries and cruise ships are now drawing clean electricity at Portsmouth International Port.

		Sallaum Lines signs 1+1 newbuilding order with China Merchants Shipyard for 8,600-ceu PCTCs Deal brings Sallaum Lines’ total newbuilding programme to nine vessels worth more than $850 million.

		World's largest battery-electric ship departs Tasmania yard ahead of South America delivery China Zorrilla escorted from Incat Tasmania's shipyard to Macquarie Wharf in Hobart.

		Agreement signed to bring shore power to Rotterdam shortsea terminal by 2030 Shore power partnership at Rotterdam’s RST terminal targets AFIR compliance and reduced ship emissions at berth by end of decade.

		Equatorial Marine Fuel receives dual sustainability recognitions in 2026 Singapore-based bunker firm earns the LowCarbonSG logo and an EcoVadis Bronze Medal.