Rotterdam Market Report

Wed 28 Oct 2015, 10:41 GMT

Rotterdam Market Report

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

Crude:

Oil prices fell a third straight session on Tuesday, with Brent crude touching a six-week low on the persistent global supply glut ahead of U.S. data expected to show another increase in crude inventories. Crude futures felt pressure from analyst expectations that U.S. crude inventories rose last week, a fifth consecutive build after gaining 22 million barrels in a four-week span. At 476.6 million barrels, U.S. crude stocks on Oct. 16 were nearly 100 million barrels above where they were in the year-ago period, according to Energy Information Administration (EIA) data.

Bunker Market:

Bearishness in the Rotterdam high sulfur fuel oil market might ease somewhat from mid-November onwards, on the back of increased arbitrage opportunities on the East/West route.

Dutch time: 10.48 hrs

Fuel oil RMG 380 HS: 3.5%: USD 212-215

Marine Gas Oil DMA .89/ LS 0.1%: USD 402-406

ULS fuel oil: USD 370-375.

MGO Netherlands Rotterdam (NL)


		Rolls-Royce Power Systems switches German engine test facilities to HVO fuel Company saved 3,200 tonnes of CO2 by end of 2025 after switching to renewable diesel.

		Changhong International delivers final LNG dual-fuel container ship 205 days early Chinese shipbuilder completes 10-vessel series for MSC with delivery of 11,500-teu MSC Migsan.

		Oilmar seeks senior and mid-level bunker traders in Seoul Marine fuel firm aims to recruit experienced traders for South Korean operations.

		Global Ethanol Association to present on ethanol marine fuel at London shipping expo Morten Thomas Jacobsen will discuss ethanol fuel trials and maritime decarbonisation challenges in June.

		IBIA warns of structural shift in marine fuel market following Middle East tensions Association chair says geopolitical disruptions signal lasting changes to bunker supply dynamics and pricing.

		Rotterdam bunker volumes plunge 25% in first quarter amid regulatory shifts Fossil fuel sales decline sharply while alternative fuels show modest growth in Dutch port.

		Norsepower completes factory tests for 18 rotor sails bound for Airbus fleet Wind propulsion units cleared for installation on LD Armateurs vessels targeting 50% emissions reduction.

		Ernst Russ acquires four chemical tankers with five-year charters worth $126m Hamburg shipowner enters tanker segment with methanol-ready newbuildings delivering from Q4 2026.

		Wärtsilä boosts ammonia engine power output to match LNG equivalent Finnish technology group raises Wärtsilä 25 Ammonia engine output, enabling simpler vessel designs.

		Fincantieri secures order for three LNG-fuelled cruise ships from Princess Cruises Italian shipbuilder to construct vessels at Monfalcone yard, with deliveries scheduled through 2039.