Rotterdam Market Report

Wed 18 May 2011, 11:02 GMT

Rotterdam Market Report

CRUDE :

Oil fell to its lowest price in almost 3 months as US housing stats dropped and industrial output stalled, damping optimism about the economic and fuel demand outlook. At the moment crude quickly picking up.

BARGE MARKET:

Only one high sulphur offer ex Antwerp 610 mtw. One bid ls 625 for June.

BUNKER MARKET:

Prompt product remains tight. Market increasing very quickly at the moment.

Dutch time: 11:15 hrs.

Fuel oil 380 cst rmg 35 - USD 613/616

Fuel oil 380 cst rmg 35 (LS 1,0) - USD 643/647

Marine Gas Oil .86/LS 0,1% - USD 922/927

MGO Netherlands Rotterdam (NL)


		Oilmar welcomes summer intern to Dubai branch Arpit Aryan will rotate across the bunker fuel trading, finance and operations departments.

		Oilmar takes on trading and finance intern in Dubai New intern to rotate across trading, operations and finance teams.

		Seaspan and Maersk deepen fleet efficiency collaboration with $75m upgrade programme Retrofit package for four 13,000-teu vessels includes installation of shaft generator to reduce auxiliary engine fuel consumption.

		EU Parliament vote on soy biofuels could expose bloc to $5.6bn a year in trade sanctions MEPs reject regulation that would have phased out soy biofuels, risking WTO retaliation penalties.

		Peninsula and Itochu form joint venture to develop ammonia bunkering in Europe The two companies will initially focus on major European and Mediterranean port hubs.

		Flex Commodities appoints compliance analyst with Morgan Stanley background Dubai-based bunker trader hires onboarding specialist to bolster compliance team.

		NYK names eighth dual-fuel LPG carrier at Kawasaki Heavy Industries yard Lyla Pathfinder is capable of operating on both heavy fuel oil and LPG.

		Verde Marine Energy and Eleven Energy formalise strategic collaboration Alliance combines physical supply capabilities with an expanding international trading business.

		US Federal Maritime Commission chair to keynote IBIA Convention 2026 in New York Laura DiBella to address marine fuel industry leaders on regulation and market direction.

		Longer drains, lower cost: The role of oil analysis of synthetic engine oils \| Joe Star, VPS VPS recommends robust oil analysis programme for the safe extension of drain intervals.