Rotterdam Market Report

Wed 25 Nov 2015, 12:08 GMT

Rotterdam Market Report

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

Crude:

Oil prices hit two-week highs on Tuesday, rising about 3 percent after a spike in Middle East tensions from Turkey's downing of a Russian warplane and a rally in U.S. gasoline futures.

Russian President Vladimir Putin called Turkey's shooting of its fighter jet a "stab in the back" that could have "serious consequences". Middle East tensions have already been heightened by Russian air raids over Syria to punish those it blamed for the downing of a Russian passenger jet over Egypt last month.

U.S. gasoline futures jumped 6 percent on an expected rise in road travel around Thursday's Thanksgiving holiday.

Bunker Market:

Still oversupplied ARA market and no loading problems for barges.

Dutch time: 11.10 hrs

Fuel oil RMG 380 HS: 3.5%: USD 200-202

Marine Gas Oil DMA .89/ LS 0.1%: USD 390-394

ULS fuel oil: USD 360-365.

MGO Netherlands Rotterdam (NL)


		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.

		Hapag-Lloyd signs shore power agreement with Hamburg Port Authority Deal commits the carrier to using onshore power supply at all Hamburg terminals.

		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 Dalian completes first large-scale 'green methanol' vessel loading Cargo to be supplied as marine fuel in Shanghai.

		Oilmar appoints Steff Tan as marine fuels trader in Singapore New hire's background spans bunker operations, logistics, commercial trading, marketing, and business development.

		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 welcomes summer intern to Dubai branch Arpit Aryan will rotate across the bunker fuel trading, finance and operations departments.

		Oilmar takes on trading and finance intern in Dubai New intern to rotate across trading, operations and finance teams.

		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.

		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.