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)


		Uni-Fuels appoints general manager for new Houston operation Experienced professional Robert Love aiming to expand the company’s presence in the United States.

		Sing Fuels hiring junior supply trader for Singapore operations Role aimed at candidates with one to two years of experience in marine fuels or the wider maritime industry.

		Exmar takes delivery of LNG carrier to serve the bunkering market Vessel to be convered into a floating transshipment unit for specialised LNG bunkering vessels to load fuel.

		Svitzer signs contract with India’s SDHI for four biofuel-ready TRAnsverse tugs Four 32-metre TRAnsverse 3200 tugs ordered from Gujarat-based shipbuilder.

		Petrobras launches barge supply operations at the Port of Suape Supplier has begun VLSFO and LSMGO barge deliveries at the Brazilian port following receipt of final operational licences.

		Hagland Shipping takes B100-capable Damen CF 3850 on time charter from Reederei Gerdes Norwegian dry bulk operator adds short-sea vessel with the ability to operate on B100 biodiesel.

		Chinese shipyard delivers LNG dual-fuel container ship to MSC 301 days ahead of schedule Zhoushan Changhong sets new early-delivery record for its series of LNG dual-fuel boxships.

		Portsmouth International Port makes first commercial shore power connection with cruise ship Virgin Voyages’ Valiant Lady plugs into Portsmouth International Port’s shore power system, with two ships connected simultaneously.

		EmissionLink calls for fairer EU ETS expansion and greater reinvestment in maritime decarbonisation Emissions compliance specialist warns that broader coverage alone will not deliver practical decarbonisation.

		Peninsula and Evos sign MoU to develop biofuel storage at Algeciras terminal Partnership aims to develop up to 60,000 cbm of dedicated biofuel storage capacity at the Strait of Gibraltar.