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Fri 27 Nov 2015, 11:57 GMT

Rotterdam Market Report


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

Crude:

World fuel indices fell today as fears of confrontation between Russia and Turkey dissipated. Russia confirmed it is ready to participate in a broad coalition against the Islamic State. While announcing tighter controls on Turkish imports in response to the shooting down of a Russian fighter jet near the Syrian border on Tuesday, Russia ruled out military action.

Builds in inventories in U.S also have weighed on fuel prices. U.S. stockpiles of oil rose 961,000 barrels last week to 488.2 million barrels, within 3 million barrels of the record set in April. Inventories have climbed even after U.S. oil drillers have idled about 65 percent of the country’s rigs since October 2014.

The number of rigs targeting oil in the U.S. fell by 9 to 555 in the week through Nov. 25, the lowest level since June 2010.

Bunker Market:

Still oversupplied market, especially for prompt ex-wharf fuel oil. No loading problems reported.

Dutch time: 11.00 hrs

Fuel oil RMG 380 HS: 3.5%: USD 194-196

Marine Gas Oil DMA .89/ LS 0.1%: USD 382-385

ULS fuel oil: USD 355-360.

MGO   Netherlands  Rotterdam (NL) 
Jacob Norgaard, Bunker Holding. Bunker Holding appoints Global Risk Management's Jacob Nørgaard as CFO  

Michael Krabbe steps down after eight years with the company.
Icon of the Seas ship-to-ship (STS) bunkering operation. Avenir LNG vessel completes first LNG bunker delivery to Icon of the Seas in Honduras  

Avenir Advantage delivers LNG to Royal Caribbean cruise ship in operation involving Axpo.
Andrea Lazzaro, WinGD. Ethanol gains traction as a marine fuel, WinGD says, citing Shandong and Maersk  

Engine maker WinGD says ethanol is ready for maritime use as early orders and IMO recognition build momentum.
Lumi Aurora vessel. IINO Lines takes delivery of the world’s only ice-class VLGC at Hanwha Ocean’s Okpo yard  

LPG dual-fuel vessel is also capable of carrying ammonia as cargo.
Clean Arctic Alliance logo. Clean Arctic Alliance warns of black carbon threat as container ships eye Northern Sea Route  

Environmental coalition urges IMO polar fuel rules as Arctic shipping activity raises climate concerns.
Steel-cutting ceremony of vessel with builder's hull no. CHB2052. Construction begins on 21,700-TEU LNG dual-fuel boxship for MSC  

366-metre vessel described as the largest container ship currently under construction in Zhejiang Province.
CIMC SOE building. CIMC SOE signs order with European shipowner for 6,000-cbm LNG bunker vessel  

Vessel set to provide LNG bunkering services at European ports once deployed.
Flex Commodities office in Dubai. Flex Commodities moves Dubai head office to Jumeirah Lakes Towers  

UAE-based firm relocates to waterfront community popular amongst bunker companies.
Echandia Core marine battery system. Echandia: Batteries offer fuel savings by optimising generator loads on large vessels  

Marine batteries could cut auxiliary generator fuel consumption by up to 15%, according to technology firm.
Palermo LNG facility. Amazónica LNG joins SEA-LNG, extending the coalition’s reach into Latin America  

Colombian LNG terminal operator becomes first South American member of the multi-sector industry group.




   Fuels & Propulsion

Ammonia B100 B24 B30 Bio-LNG / LBM / LBG Biofuel Biogas Biomethanol CBM 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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