Rotterdam Market Report

Tue 26 Jan 2016, 11:31 GMT

Rotterdam Market Report

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

Crude:

World fuel indices resumed their decline after the biggest two-day rally in more than seven years on the concerns over ample U.S. stockpiles, steady production from Saudi Arabia and on news that Iraq flooded a massively oversupplied oil market with record output last month.

Bunker Market:

Some suppliers booked for January. Below numbers are not for prompt product.

Dutch time: 11:30 hrs

Fuel oil RMG 380 HS: 3.5%: USD 124-127

Marine Gas Oil DMA .89/ LS 0.1%: USD 247-251

ULS fuel oil: USD 220-225.

MGO Netherlands Rotterdam (NL)


		Heinrich Wegener & Sohn joins Global Ethanol Association German family-owned bunker firm joins industry body to support ethanol and methanol adoption.

		Second MSC ultra-large LNG dual-fuel boxship enters dry dock at Zhoushan Changhong International's Daishan Base receives 19,000-teu container vessel built for MSC.

		Deal signed to build four LNG-fuelled gas carriers Quartet of 175,000-cbm LNG vessels destined for Shell charter.

		Changhong International launches LNG container ships and tankers for MSC and Navios Chinese shipbuilder launches four vessels in the space of days, spanning LNG container ships and oil tankers.

		Norsepower and Cosco unit sign R&D agreement to advance rotor sail development Finnish wind propulsion firm and Chinese manufacturer deepen ties with dedicated research and development pact.

		H2SITE closes Series B round above €42m to scale hydrogen membrane technology Fresh capital secured as firm targets large-scale industrial deployment and expansion into Asian markets.

		MHI study points to cost reduction potential in India-to-Singapore green ammonia value chain Mitsubishi Heavy Industries analysis finds value chain optimisation could cut green ammonia costs.

		Yang Ming names third LNG dual-fuel boxship for Asia–North Europe service YM Wayfinder joins two sister vessels already operating on LNG on the FE3 route.

		Flex Commodities appoints Milind Homkar as trade controller Dubai-based trader brings in finance and audit specialist to lead trade control function.

		Safe Bulkers launches first methanol dual-fuel bulk carrier at Chinese shipyard Greek dry bulk operator launches first methanol-powered vessel as part of its fleet renewal programme.