Wed 4 Nov 2015, 10:37 GMT

Rotterdam Market Report


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



Crude:

Crude prices rose about 4 percent on Tuesday as a rally in U.S. gasoline and diesel added support to oil markets already boosted by an industry strike in Brazil and force majeure for Libyan crude loadings. The rebound, after a 1 percent drop in crude prices on Tuesday, came ahead of industry group American Petroleum Institute's (API) data on U.S. oil inventories, which were expected to a build in crude stockpiles. An oil workers' strike in Brazil, the ninth biggest global producer, that began on Sunday cut around half a million barrels of output in the first 24 hours and has slowed state-run Petrobras' daily oil output by around 25 percent, according to the union.

In Libya, the export terminal at the eastern port of Zueitina was closed and force majeure has been declared on crude oil loadings, market sources said.

Oil prices have been trending higher since late October on suggestions of declining U.S. shale oil production.

Bunker Market:

Market up in line with crude. No loading problems reported.

Dutch time: 11.00 hrs

Fuel oil RMG 380 HS: 3.5%: USD 229-232

Marine Gas Oil DMA .89/ LS 0.1%: USD 432-434

ULS fuel oil: USD 400-405.


VPS logo. Shale oil components detected in Singapore marine fuel | VPS  

VPS testing identifies 90,000 mt of delivered VLSFO containing Estonian shale oil compounds.

Constantinos Capetanakis, Star Bulk. IBIA chair completes two-year term, citing expansion in regulatory engagement and membership  

Outgoing chair to remain on Global Board and lead Future Fuels and Bunker Buyers’ working groups.

Aerial view of a container vessel. LNG and methanol investments risk becoming 'dead ends' for shipping decarbonisation, UCL study finds  

Research warns transitional marine fuels may lock in fossil infrastructure rather than enabling an ammonia pathway.

Vitalii Protasov, GENA Solutions Oy. Protasov: Renewable fuel supply could meet shipping demand, but offtake agreements remain a barrier  

GENA Solutions CEO highlights project pipeline growth but warns regulatory uncertainty hampers investment decisions.

Frontier Venture vessel. Wah Kwong takes delivery of first LNG-ready LR2 tanker with Bureau Veritas SMART notation  

Frontier Venture is first in newbuild series to achieve Group 3 'augmented ship' capabilities.

International Maritime Organization (IMO) headquarters. IMO calls for expert nominations for methane fuels technical seminar in May  

Event to cover LNG, biomethane and e-methane production, safe use and blending.

Emvolon logo. Emvolon to present stranded methane conversion technology at Industry Growth Forum  

Company selected from over 270 entrepreneurs to showcase modular fuel production system in Denver.

Oceana Frontier vessel. Tsuneishi Shipbuilding delivers world’s first LNG dual-fuel Kamsarmax bulk carrier  

Japanese shipbuilder manufactures LNG fuel tank in-house, achieving over 50% EEDI reduction.

80-metre high-speed ro-pax ferry render. Incat Crowther designs 80-metre high-speed ro-pax ferry for South Korean Yellow Sea routes  

Vessel will transport 572 passengers and 60 cars between Incheon and Ongjin County islands.

Star Kirkenes vessel. Grieg Maritime Group orders GT Wings jet sails for Star Kirkenes retrofit  

Norwegian shipowner signs contract for two AirWing 20 units with option for three more vessels.