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)


		New Times Shipbuilding cuts steel on two crude tankers and delivers LNG dual-fuel vessel Chinese yard marks a busy 4 June with steel-cutting ceremonies and a tanker delivery to Maran.

		Baleària Canarias christens €128m dual-fuel fast ferry Mercedes Pinto for inter-island routes The catamaran will connect Tenerife, Gran Canaria and Fuerteventura with six daily departures.

		DNV awards AiP to HHI for LPG dual-fuel container vessel design Approval in principle granted for ship design targeting the underserved smaller container segment.

		Seascale Energy partners with Lloyd’s Register Advisory to build decarbonisation expertise The bunker firm has launched a knowledge partnership covering low-carbon fuels and maritime regulations.

		CSL takes delivery of methanol-ready Kamsarmax as fleet renewal programme advances MV CSL Kuleana departs on maiden voyage, equipped with Tier III engines.

		LNG orderbook share hits 90% as methane pathway investment holds firm LNG bunkering volumes surge and biomethane uptake grows six-fold, despite geopolitical headwinds.

		NYK to offset ship emissions with CDR credits from Loblolly project Japanese shipping group turns to biomass-based carbon sequestration to address residual maritime emissions.

		K Line orders four LNG dual-fuel car carriers for European short-sea operations Kawasaki Kisen Kaisha contracts quartet of 1,380-vehicle vessels at China Merchants Jinling Shipyard.

		Bunge seeks bunker purchaser for Rotterdam operation Agribusiness is looking for candidates with experience in marine fuel procurement.

		First vessel in NYK Stolt Tankers’ newbuild series launched in China FKAB-designed 38,000 DWT chemical tanker launched at Nantong Xiangyu Shipyard, China.