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)


		Bunker Holding appoints Global Risk Management's Jacob Nørgaard as CFO Michael Krabbe steps down after eight years with the company.

		Avenir LNG vessel completes first LNG bunker delivery to Icon of the Seas in Honduras Avenir Advantage delivers LNG to Royal Caribbean cruise ship in operation involving Axpo.

		Ethanol gains traction as a marine fuel, WinGD says, citing Shandong and Maersk Engine maker WinGD says ethanol is ready for maritime use as early orders and IMO recognition build momentum.

		IINO Lines takes delivery of the world’s only ice-class VLGC at Hanwha Ocean’s Okpo yard LPG dual-fuel vessel is also capable of carrying ammonia as cargo.

		Clean Arctic Alliance warns of black carbon threat as container ships eye Northern Sea Route Environmental coalition urges IMO polar fuel rules as Arctic shipping activity raises climate concerns.

		Construction begins on 21,700-TEU LNG dual-fuel boxship for MSC 366-metre vessel described as the largest container ship currently under construction in Zhejiang Province.

		CIMC SOE signs order with European shipowner for 6,000-cbm LNG bunker vessel Vessel set to provide LNG bunkering services at European ports once deployed.

		Flex Commodities moves Dubai head office to Jumeirah Lakes Towers UAE-based firm relocates to waterfront community popular amongst bunker companies.

		Echandia: Batteries offer fuel savings by optimising generator loads on large vessels Marine batteries could cut auxiliary generator fuel consumption by up to 15%, according to technology firm.

		Amazónica LNG joins SEA-LNG, extending the coalition’s reach into Latin America Colombian LNG terminal operator becomes first South American member of the multi-sector industry group.