Rotterdam Market Report

Wed 4 May 2011, 11:28 GMT

Rotterdam Market Report

CRUDE :

Oil fell to a two-week low as the Standard & Poor’s 500 Index dropped and on projections that a government report will show US crude inventories climbed.

BARGE MARKET:

HS ex wharf - Offers 649.50 / Bids 642

LS ex wharf 1,0% - Offers -- / Bids --

BUNKER MARKET:

Even though crude decreased drastically bunker numbers remain firm, due to strong local barge market and product remains tight. Also paper for May is strong.

Dutch time: 11:30 hrs.

Fuel oil 380 cst rmg 35 - USD 650/652

Fuel oil 380 cst rmg 35 (LS 1,0) - USD 704/708

Marine Gas Oil .86/LS 0,1% - USD 1022/1026

MGO Netherlands Rotterdam (NL)


		Echandia: Batteries offer fuel savings by optimising generator loads on large vessels Marine batteries could cut auxiliary generator fuel consumption by up to 15%, according to technology firm.

		Amazónica LNG joins SEA-LNG, extending the coalition’s reach into Latin America Colombian LNG terminal operator becomes first South American member of the multi-sector industry group.

		Hong Lam Marine launches first of four newbuild bunkering vessels First ship in the series, Priority, is launched in Jiangmen, China.

		CMA CGM completes world’s largest single-batch biomethanol bunkering at Shanghai 8,016-tonne operation said to be enough to fuel an entire transoceanic voyage.

		ClassNK revises alternative fuels guidelines to address hydrogen, methanol and ethanol safety requirements Updated guidelines incorporate IMO hydrogen rules and new structural standards for alcohol fuel tanks.

		MacGregor wins cargo handling contract for six LNG-powered boxships at Cochin Shipyard CMA CGM container vessels are scheduled for delivery between 2029 and 2031.

		Estonia launches biomethane-battery workboat for state fleet 38-metre KRATT is said to be the first vessel of its kind in the region.

		Yang Ming completes first LNG SIMOPS bunkering for YM Willpower in Shanghai Dual-fuel boxship receives 2,000 tonnes of LNG during simultaneous cargo operations.

		AYK Energy and Gebhard Electro secure two vessel electrification contracts A new dredger and a patrol vessel retrofit form the latest battery projects for the duo.

		Everllence and Hudong-Zhonghua sign engineering design agreement for LNG carrier development Agreement covers 180,000-cbm LNG carrier featuring a hybrid-electric propulsion system.