Rotterdam Market Report

Fri 15 Jan 2016, 11:56 GMT

Rotterdam Market Report

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

Crude:

Oil prices rebounded on Thursday, snapping an eight-day rout, as investors covered short positions, lifting prices that had plumbed 12-year lows on worries that Iran may add its barrels to a glutted global market sooner than expected.

Bunker Market:

Lower output at Russian refineries and bad weather conditions could support the market to stronger levels, but at the moment prices still weak due to lower crude numbers.

Dutch time: 11.15 hrs

Fuel oil RMG 380 HS: 3.5%: USD 110-112

Marine Gas Oil DMA .89/ LS 0.1%: USD 258-260

ULS fuel oil: USD 230-239.

MGO Netherlands Rotterdam (NL)


		LNG and methanol investments risk becoming 'dead ends' for shipping decarbonisation, UCL study finds Research warns transitional marine fuels may lock in fossil infrastructure rather than enabling an ammonia pathway.

		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.