Rotterdam Market Report

Thu 22 Oct 2015, 09:29 GMT

Rotterdam Market Report

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

Crude:

World fuel indices sharply dropped today on U.S. oil stockpiles build up. U.S. crude inventories rose 8.028 million barrels to 476.6 million in the week to Oct. 16 - more than double analysts' expectations for an increase of 3.9 million barrels.

A meeting between officials from OPEC and oil producers outside the group including Russia did not discuss restrictions on crude output or setting a target range for prices. Venezuela has proposed a summit between heads of state from OPEC and other oil-producing nations in November to discuss the price needed to sustain future supplies while OPEC ministers are due to review policy on Dec. 4 in Vienna.

Bunker Market:

No problems reported.

Dutch time: 11:05 hrs.

Fuel oil RMG 380 HS: 3.5%: USD 220-222

Marine Gas Oil DMA .89/ LS 0.1%: USD 410-415

ULS fuel oil: USD 375-380.

MGO Netherlands Rotterdam (NL)


		Verra publishes new carbon methodology for alternative fuels in shipping VM0053 framework offers an accounting structure for emissions reductions in maritime transport.

		ICO launches Belgium’s first commercial shore power facility for ro-ro vessels at Zeebrugge NYK Group subsidiary connects pure car and truck carrier to green shore power at Belgian port.

		Dan-Bunkering completes LNG supply in China for Sallaum Lines’ newbuild PCTC Bunker firm delivers approximately 1,400 tonnes of LNG to Sallaum Lines’ newbuild car carrier in China.

		Low-GHG methane could keep LNG-capable fleet compliant as regulations tighten, DNV paper argues Biomethane and e-methane offer a compliance pathway for LNG-capable ships, says DNV.

		HaiSea's fleet of electric and dual-fuel tugboats completes 100th LNG carrier escort into Kitimat The Haisla Nation and Seaspan joint venture marks one year of LNG carrier escort operations in British Columbia.

		Naming ceremony held for LNG dual-fuel VLCC Mount Vision Crude oil tanker named in ceremony held in China.

		MOL signs bio-LNG supply deals for car carriers across Northern Europe and Mediterranean Japanese shipping group expands bio-LNG bunkering to Spanish ports as part of its net-zero strategy.

		Dan-Bunkering launches two-year trainee programme for aspiring marine fuel traders Bunker firm is recruiting trainees for an August 2026 start across its European offices.

		Chevron hiring London-based marine fuels marketer with renewable fuels remit Applications open until 30 June for role involving the marketing of physical bunker fuels with a focus on Europe.

		Burando Energies seeks operator to support Rotterdam bunkering activities New hire will be responsible for planning, coordinating and monitoring operational activities across the firm's bunkering business.