Rotterdam Market Report

Mon 9 May 2011, 13:01 GMT

Rotterdam Market Report

CRUDE :

Oil increased early afternoon and turned negative again in late afternoon trade as US dollar rose, extending Thursday’s shock-inducing collapse, when Brent fell in high-volume session that saw waves of selling as key technical levels were broken. Crude firming again

BARGE MARKET:

Bids HS up to 601. No offers.

BUNKER MARKET:

Some replenishment arrived, but barges were already queuing at installations since Friday and now : barge congestion. Also product for this week very tight..

Dutch time: 13:15 hrs.

Fuel oil 380 cst rmg 35 - USD 616/621

Fuel oil 380 cst rmg 35 (LS 1,0) - USD 672/680

Marine Gas Oil .86/LS 0,1% - USD 932/936

MGO Netherlands Rotterdam (NL)


		MOL wins LR technology award for wind-assisted propulsion on LNG carriers Lloyd’s Register honours Mitsui O.S.K. Lines for its Wind Challenger decarbonisation work.

		Echandia to supply battery system for Incat’s new 78-metre hybrid ferry Swedish battery maker Echandia wins first order from Australian high-speed ferry builder Incat.

		Global Risk Management posts $9.4m pre-tax profit amid low-volatility energy markets Danish hedging firm grows client base and broadens product range despite subdued market conditions.

		Lloyd’s Register grants first type approval for 100% hydrogen marine engine BeHydro’s spark-ignited engine, tested in Ghent, operates entirely on hydrogen without pilot fuel.

		Molgas completes first LNG bunkering operation at Palermo Spanish energy firm carries out maiden LNG delivery at Sicilian port.

		Tsuneishi China delivers third methanol dual-fuel boxship in series Zhoushan shipbuilder hands over another 5,900-teu Maersk container vessel.

		Everllence completes type approval test for ammonia engine ahead of sea trials Eight classification societies oversee testing of ME-LGIA ammonia engine at Copenhagen research centre.

		CPN bunker barge becomes first vessel listed under Hong Kong’s new quality bunkering scheme Zhong Ran 23 achieves listing under the Marine Department’s voluntary mass flow metering initiative.

		Bunker Holding posts $73m pre-tax profit amid geopolitical headwinds and board overhaul Marine fuels exceeds its own expectations despite 4% revenue decline.

		Oilmar formalises governance structure with establishment of board of directors Dubai-based marine fuels trader Oilmar appoints three-member board.