Rotterdam Market Report

Mon 26 Oct 2015, 11:44 GMT

Rotterdam Market Report

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

Crude:

World fuel indices declined on U.S.rig count and stockpiles build up. The U.S. oil rig count slid by 1 this week to 594, adding to the 80 sidelined in the previous seven weeks and extending a five-year low. Crude also fell as the dollar strengthened, reducing oil's investment appeal. U.S. crude stockpiles rose for a fourth week to 476.6 million barrels and were just 3 percent lower than their highest level in at least three decades in April, while production remained unchanged at 9.1 million barrels a day. Supplies at Cushing, Oklahoma, the delivery point for WTI futures and the biggest U.S. oil-storage hub, fell by 78,000 barrels, the first drop in three weeks.

Bunker Market:

Stable market. No problems reported.

Dutch time: 11:10 hrs.

Fuel oil RMG 380 HS: 3.5%: USD 216-218

Marine Gas Oil DMA .89/ LS 0.1%: USD 408-411

ULS fuel oil: USD 375-380.

MGO Netherlands Rotterdam (NL)


		Damen receives methanol approval for ASD Tug 2713 fuel-flexible design Bureau Veritas and Dutch flag state grant approval, enabling construction of methanol-ready tugs.

		Sing Fuels seeks supply trader for China-focused marine fuel procurement role Singapore-based firm recruiting for position involving supplier negotiations and market tracking across Asia.

		Zhoushan Changhong begins construction on third 11,400-teu LNG dual-fuel container ship CHB2061 is the third vessel in an 18-ship series for Oceanroutes, designed to exceed EEDI Phase III standards.

		Construction begins on fourth 19,000-teu LNG dual-fuel container ship for MSC Vessel is said to be the largest LNG dual-fuel container ship under construction in Zhejiang Province.

		WinGD secures first ethanol-fuelled engine orders for ocean-going vessels Swiss power firm to supply dual-fuel engines for two ore carriers operating under Vale charter.

		Auramarine to supply methanol fuel systems for six Grimaldi Group ro-pax vessels Finnish firm wins contract for methanol systems on Mediterranean vessels scheduled for delivery in 2028–2030.

		Everllence reports more than 160 orders for Mk10.7 two-stroke engine platform Modular engine design allows shipowners to switch between conventional and alternative fuels.

		Berg Propulsion to supply electric propulsion for Türkiye’s most powerful tugs Swedish firm contracted for four diesel-electric firefighting tugs with over 130-tonne bollard pull capacity.

		Hyke partners with Pascal Technologies for electric ferry powertrain in Norway Pascal Technologies to supply integrated powertrain platform for Hyke F-15 Shuttle ordered by Cityboat.

		The importance of fast turnaround times for bunker fuel analysis in today’s market \| Thomas Schmidt, VPS Rapid and reliable fuel quality intelligence is critical to protecting vessels, machinery, operations and commercial performance.