Fri 30 Oct 2015, 10:32 GMT

Rotterdam Market Report


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



Crude:

U.S. crude rose slightly while Brent dipped on Thursday, as traders tried to discern the oil market's direction a day after prices rallied the most in two months even as supplies kept growing.

U.S. crude gained almost 2 percent early in the session, before disappointing U.S. economic data curbed investors' enthusiasm after Wednesday's 6 percent rally.

A falling dollar .DXY provided some support to oil as commodities priced in the greenback became more affordable for users of the euro and other currencies.

U.S. economic growth braked sharply in the third quarter as businesses cut back on restocking warehouses to work off an inventory glut, data showed.

That, and sluggish new U.S. home sales data, cut into some of oil's early gains, tempering the market's enthusiasm over U.S. government crude inventory data on Wednesday that showed a smaller build than many had feared.

The government's report of a 3.4 million-barrel crude build was below the 4.1 million-barrel hike cited by industry group the American Petroleum Institute a day earlier.

Bunker Market:

Still plenty of product available in ARA. No loading problems reported.

Dutch time: 10.45 hrs

Fuel oil RMG 380 HS: 3.5%: USD 223-225

Marine Gas Oil DMA .89/ LS 0.1%: USD 409-414

ULS fuel oil: USD 380-385.


Arctic Tern vessel. Wallenius Wilhelmsen takes delivery of first methanol-ready Shaper Class vessel  

The dual-fuel Arctic Tern will enter service on the Asia–Europe trade almost immediately.

Al Muraykh vessel. Hapag-Lloyd signs shore power agreement with Hamburg Port Authority  

Deal commits the carrier to using onshore power supply at all Hamburg terminals.

Dorthe Karin Bendtsen, KPI OceanConnect. KPI OceanConnect reports 21% rise in pre-tax earnings for 2025/26  

Marine fuel firm delivers 13 million tonnes and expands carbon markets capabilities amid geopolitical turbulence.

VTTI logo. VTTI Dalian completes first large-scale 'green methanol' vessel loading  

Cargo to be supplied as marine fuel in Shanghai.

Steff Tan, Oilmar. Oilmar appoints Steff Tan as marine fuels trader in Singapore  

New hire's background spans bunker operations, logistics, commercial trading, marketing, and business development.

Feng Da Hai vessel. Cosco Shipping adds methanol-ready bulk carrier Feng Da Hai to fleet  

The 64,000-tonne vessel is equipped with a methanol fuel system for future low-carbon operations.

Oilmar office in Dubai. Oilmar welcomes summer intern to Dubai branch  

Arpit Aryan will rotate across the bunker fuel trading, finance and operations departments.

Aerial view of the Dubai skyline. Oilmar takes on trading and finance intern in Dubai  

New intern to rotate across trading, operations and finance teams.

Seaspan and Maersk signing. Seaspan and Maersk deepen fleet efficiency collaboration with $75m upgrade programme  

Retrofit package for four 13,000-teu vessels includes installation of shaft generator to reduce auxiliary engine fuel consumption.

European Parliament building in Brussels. EU Parliament vote on soy biofuels could expose bloc to $5.6bn a year in trade sanctions  

MEPs reject regulation that would have phased out soy biofuels, risking WTO retaliation penalties.