Rotterdam Market Report

Tue 5 Jan 2016, 12:14 GMT

Rotterdam Market Report

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

Crude:

World fuel indices finally declined in the end of the first trading session in 2016: global glut outweighs Middle East tensions.

In the beginning of the session tension between regional rivals Saudi Arabia and Iran supported the indexes. Saudi Arabia cut ties with Iran after protesters in the Shiite-majority country stormed the Saudi embassy. However in the end the session apprehensions for global glut overbalanced Middle East tensions and pushed indexes down.

The Organization of Petroleum Exporting Countries abandoned output limits. Saudi Arabia produced 10.25 million barrels of oil a day in December and Iran pumped 2.7 million barrels a day seeking to boost exports once international sanctions are lifted.

Bunker Market:

Still oversupplied market. No loading problems reported.

Dutch time: 11.00 hrs

Fuel oil RMG 380 HS: 3.5%: USD 138-141

Marine Gas Oil DMA .89/ LS 0.1%: USD 297-302

ULS fuel oil: USD 270-275.

MGO Netherlands Rotterdam (NL)


		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.

		Incat Crowther designs 80-metre high-speed ro-pax ferry for South Korean Yellow Sea routes Vessel will transport 572 passengers and 60 cars between Incheon and Ongjin County islands.

		Grieg Maritime Group orders GT Wings jet sails for Star Kirkenes retrofit Norwegian shipowner signs contract for two AirWing 20 units with option for three more vessels.

		Maritime Technologies Forum releases safety guidelines for wind-assisted propulsion systems New guidance helps shipping companies manage operational and technical aspects of modern wind propulsion technologies.

		Avenir lays keel for new LNG carrier and bunkering vessel Marine fuel supplier has commenced construction of Hull No. S-1123 as part of its newbuild programme.

		Aurora Hydrogen secures $3m from Oldendorff Overseas Investments for hydrogen production Investment advances microwave-driven methane pyrolysis technology that produces hydrogen from natural gas.