Rotterdam Market Report

Tue 1 Dec 2015, 11:26 GMT

Rotterdam Market Report

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

Crude:

Despite early expectations for growth, the final result of today's session is another decline of world fuel indices.

Iran expects no major decisions that would change OPEC's output target when the group gathers Dec. 4 in Vienna. At the same time, Iran is going to announce plans to expand output: to pump an additional 500,000 barrels a day once international sanctions over its nuclear program are lifted.

OPEC has produced above its own quota of 30 million barrels a day every month since May 2014. OPEC's activity is paying off, as U.S. shale drillers idle rigs and major oil companies reduce investment

Bunker Market:

5-6 VLCC with HSFO are leaving Rotterdam in December. This could take away the downward pressure on prices.

Dutch time: 10.55 hrs

Fuel oil RMG 380 HS: 3.5%: USD 193-195

Marine Gas Oil DMA .89/ LS 0.1%: USD 375-379

ULS fuel oil: USD 345-350.

MGO Netherlands Rotterdam (NL)


		IINO Lines secures sustainable shipping finance for methanol dual-fuel VLCC Japanese shipowner signs impact financing agreement with Mizuho Bank for alternative-fuel tanker.

		Fluxys Belgium reports EUR74.9m profit as LNG flows surge and hydrogen infrastructure begins Belgian gas infrastructure operator’s 2025 net profit fell 8.8% amid hydrogen and CO₂ investments.

		Shale oil components detected in Singapore marine fuel \| VPS VPS testing identifies 90,000 mt of delivered VLSFO containing Estonian shale oil compounds.

		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.

		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.

		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.

		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.

		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 to present stranded methane conversion technology at Industry Growth Forum Company selected from over 270 entrepreneurs to showcase modular fuel production system in Denver.

		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.