Rotterdam Market Report

Tue 15 Dec 2015, 12:22 GMT

Rotterdam Market Report

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

Crude:

World fuel indices followed a downward trend today and WTI fell below $35 per barrel in New York for the first time since 2009. In the end of the session, however, indices rebounded.

Prices fell earlier on remarks from Iran that there's absolutely no chance the country will delay plan to boost shipments, even as prices slip. Iran expects international sanctions over its nuclear program to be lifted by the first week of January. The country pumped 2.8 million barrels a day last month.

There is a the possibility that there’s no bottom in sight to the current rout. OPEC member Venezuela warned today that if OPEC will keep the same strategy, prices may down to $20. The extra pressure could be added if tanks used to store crude are filled.

Bunker Market:

Still very bearish prospects for bunkers in ARA due to oversupplied market.

Dutch time: 11.10 hrs

Fuel oil RMG 380 HS: 3.5%: USD 148-151

Marine Gas Oil DMA .89/ LS 0.1%: USD 298-302

ULS fuel oil: USD 275-280.

MGO Netherlands Rotterdam (NL)


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		Renewable ammonia pipeline grows despite Norway project freeze GENA Solutions tracks 325 projects totalling 146 MMT of capacity by 2034 despite execution challenges.

		Exmar names world’s first ocean-going ammonia dual-fuel gas carriers in South Korea Two 46,000-cbm vessels can reduce CO₂ emissions by up to 90% during navigation.

		Gulf Marine expands bonded lubricant supply network in China’s Fujian province Company adds supply points in Putian, Ningde and Fuqing, covering 20 terminals across the region.

		Bureau Veritas classifies Excelerate Energy’s new 170,000-cbm FSRU Excelerate Acadia Vessel built by HD Hyundai Heavy Industries features dual-fuel engines and proprietary regasification system.

		Osprey Energy seeks junior bunker trader to support Cebu trading activities from Netherlands Dutch marine fuel supplier targets Cebu region expansion through new training programme for Filipino candidates.

		KPI OceanConnect highlights falling EUA prices as opportunity for shipowners to lock in compliance costs Marine fuel firm says timing carbon allowance purchases can reduce costs as EU emissions scope expands.

		RINA partners with Hanwha Group on battery-hybrid propulsion for ro-ro ferries Classification society to provide regulatory compliance verification for hybrid battery systems on newbuilds and retrofits.

		HGK Shipping’s Amadeus Titanium fitted with wind assistance system Coastal vessel equipped with VentoFoils at Dutch port to reduce fuel consumption on Covestro routes.

		Bunker One expands physical supply operations to Tallinn and Finland Marine fuel supplier extends Baltic Sea coverage with new operational presence in Estonia and Finland.