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Mon 9 Nov 2015, 11:04 GMT

Rotterdam Market Report


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

Crude:

World fuel indices continue to decline on a better-than-expected U.S. jobs report. Nonfarm payrolls gained 271,000 last month (the biggest this year) while the U.S. jobless rate fell to 5 percent, the lowest level since April 2008.

Federal Reserve Chair Janet Yellen said this week that a U.S. interest-rate increase remains a possibility for 2015.

Meanwhile U.S. crude explorers pulled back drilling rigs for a 10th straight week. According to Baker Hughes Inc., rigs targeting oil fell by 6 to 572, extending a five-year low after nearly 100 were idled since the start of September.

Despite the cutbacks, supplies haven’t yet declined as new techniques increase efficiency and keep production flowing. Output rose by 48,000 barrels a day last week to 9.2 million barrels.

Bunker Market:

Rotterdam high sulphur fuel oil market fundamentals remained weak Friday, amid persistent softness caused by oversupply in the region.

Dutch time: 10.50 hrs

Fuel oil RMG 380 HS: 3.5%: USD 217-220

Marine Gas Oil DMA .89/ LS 0.1%: USD 414-419

ULS fuel oil: USD 385-390.

MGO   Netherlands  Rotterdam (NL) 
RSP and RST logo. Agreement signed to bring shore power to Rotterdam shortsea terminal by 2030  

Shore power partnership at Rotterdam’s RST terminal targets AFIR compliance and reduced ship emissions at berth by end of decade.
Equatorial logo. Equatorial Marine Fuel receives dual sustainability recognitions in 2026  

Singapore-based bunker firm earns the LowCarbonSG logo and an EcoVadis Bronze Medal.
Red Sea topographic map. Red Sea diversions and Mediterranean emissions rules set to squeeze bunker supply, warns Peninsula  

Bunker supplier Peninsula warns rerouted tankers face soaring fuel costs and regulatory penalties.
Hydrogen maritime workshop. Hydrogen maritime workshop held to push early regulatory alignment  

Classification society and French maritime authority explore pathways for hydrogen deployment at sea.
Launching ceremony of MSC Licia X vessel. Changhong International undocks seventh LNG dual-fuel container ship for MSC  

Vessel is part of a series fitted with ammonia-ready and methanol-ready provisions.
IBIA logo. IBIA urges further investigation into marine fuel concerns linked to shale oil components  

Industry body says evidence does not establish a direct link between shale oil and reported operational issues.
KUSPC grand opening. ABS grants AiP for LNG bunkering barge design  

Samsung Heavy Industries and Conrad Shipyard receive AiP for basic design under joint development.
Waalvliet vessel. ABB and Econowind combine wind propulsion with digital routing to cut ship emissions  

The partnership integrates wind-assisted propulsion with weather routing to reduce fuel consumption.
Peninsula logo. Peninsula seeks junior cargo trader for Dubai role  

Position centres on the procurement of marine fuels, blending components and associated products.
Island Oil Summer Students Programme. Island Oil opens operations to students in summer internship programme  

Cyprus-based firm gives students hands-on experience across its bunker business.




   Fuels & Propulsion

Ammonia B100 B24 B30 Bio-LNG/LBM Biofuel Biogas Biomethanol Dual-fuel E-fuel E-methane/e-NG E-methanol Electric Ethanol FAME Green hydrogen Green/e-ammonia HVO Hydrogen LNG LPG Lubes Methanol MGO Nuclear UCOME ULSFO VLSFO Wind



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