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)


		Malik Supply seeks bunker trader for Dubai office expansion Danish firm looking for experienced professionals with a minimum of two years in bunker trading.

		NYK joint venture names first China-built dual-fuel LNG carrier in six-vessel CNOOC series 174,000-cbm vessel uses both fuel oil and boil-off gas as fuel.

		Anew Climate joins SEA-LNG coalition to advance bio-LNG adoption in the maritime sector North American low-carbon fuels company brings liquefied biomethane supply to the coalition.

		Wind propulsion breaks new ground on French Polynesian multipurpose vessel Bound4blue installs its eSAIL on what is believed to be the world’s first multipurpose vessel fitted with wind propulsion.

		Peninsula outlines case for bio-LNG as near-term emissions pathway for LNG-fuelled vessels Company says bio-LNG offers operators a practical route to emissions cuts using existing infrastructure.

		Fratelli Cosulich Bunkers receives MPA harbour craft workforce award Bunkering firm recognised for its support of Singapore's maritime training programme.

		UK Chamber of Shipping publishes safety evidence base for alternative marine fuels New report covering five fuel pathways aims to support the industry’s safe transition to net zero.

		Navigator Gas secures $121.8m loan for two ammonia carriers under construction in China Navigator Holdings and Amon Maritime joint venture locks in six-year post-delivery financing for dual-fuel vessels due in 2028.

		US project cancellation marks first monthly contraction in renewable methanol pipeline in over three years GENA’s July 2026 data shows a 0.5 MMT pipeline contraction as North America loses ground.

		Orica reaches FID on Australian renewable ammonia project as US mega-scale cancellation dents low-carbon pipeline GENA data shows project pipeline contraction as Air Products’ Louisiana complex is halted.