Rotterdam Market Report

Mon 21 Dec 2015, 10:22 GMT

Rotterdam Market Report

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

Crude:

World fuel indices dropped to the lowest level in more than six years as a rising number of oil rigs in the U.S. restored concerns the supply glut will be prolonged. Baker Hughes Inc. reported that the number of active oil rigs in the U.S. climbed by 17 this week to 541.

Bunker Market:

Oversupply and full tanks still weigh on prices in ARA market.

Dutch time: 10.55 hrs

Fuel oil RMG 380 HS: 3.5%: USD 141-143

Marine Gas Oil DMA .89/ LS 0.1%: USD 296-301

ULS fuel oil: USD 270-275.

MGO Netherlands Rotterdam (NL)


		Grimaldi takes delivery of ammonia-ready Grande Pacifico 9,800-ceu ship is the largest PCTC in the Neapolitan Group’s fleet and the first of five sister vessels on order.

		IMO seminar in Trinidad and Tobago trains Caribbean maritime educators for the alternative fuels era A five-day regional seminar in Port of Spain addressed ammonia, methanol and hydrogen training for seafarers.

		Corvus Energy wins 40 MWh battery contract for BC Ferries’ new biofuel-compatible Summit Class vessels Norwegian battery supplier to power four new hybrid-electric ferries for Canada’s BC Ferries.

		ABS issues product design assessment for Fleetzero’s Leviathan battery system The first US-manufactured lithium iron phosphate marine battery system receives classification society approval.

		ABB wins power and propulsion contract for Allseas’ offshore wind support vessel ABB will supply an integrated propulsion package for a new semi-submersible vessel supporting Europe’s offshore wind sector.

		Pinnacle Marine lays keel for fifth B100-compatible harbour craft as Singapore fleet build-out reaches full construction phase All five vessels in Pinnacle Marine's B100-compatible utility boat programme are now under construction.

		CSSC units sign contract for four tri-fuel ore carriers Ships feature a tri-fuel propulsion system combining ethanol, methanol and fuel oil.

		Bunker One seeks oil derivatives trader for Houston desk New hire to work alongside trading and sales, providing hedging solutions for physical exposure.

		Kawasaki delivers 13th LPG-fuelled LPG/ammonia carrier 86,700-cbm vessel is shipbuilder's 20th delivery featuring LPG-fuel propulsion.

		TUI Cruises puts both InTUItion-class ships on bio-LNG as fleet targets 50,000-tonne CO₂e saving in 2026 German cruise operator says bio-LNG use across two newbuilds has already cut 26,000 tonnes of CO₂e.