Rotterdam Market Report

Wed 29 Jun 2011, 12:05 GMT

Rotterdam Market Report

CRUDE :

Oil rose the most in almost 6 weeks amid speculation that Greece will approve measures to prevent a debt default and on forecasts US fuel demand will rise before the 4th July holiday.

BARGE MARKET:

HS ex wharf: Offers 615 / Bids --

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

BUNKER MARKET:

Product remains tight, especially for supplies until 5th July in the ARA. Below numbers not for prompt product.

Dutch time: 11:15 hrs

Fuel oil 380 cst rmg 35 - USD 615/619

Fuel oil 380 cst rmg 35 (LS 1,0) - USD 672/677

Marine Gas Oil .86/LS 0,1% - USD 905/911

MGO Netherlands Rotterdam (NL)


		Naming ceremony held for LPG dual-fuel ammonia carrier VLAC Meera named during event held in China on 10 July.

		IMO adopts Singapore-led resolution on protection of shipping lanes Thirty co-sponsors back a resolution reaffirming navigational rights under international law.

		TT-Line orders second LNG-hybrid battery ferry for Baltic Sea operations German ferry operator doubles down on LNG-hybrid technology with a second next-generation newbuild.

		CMA CGM Notre Dame receives first European bio-LNG bunkering during Rotterdam maiden call LNG-powered container ship takes on bio-LNG derived from agricultural waste.

		Fincantieri marks 30 years with Carnival as steel cutting begins for new LNG-powered Carnival Destiny Italian shipbuilder Fincantieri has begun construction of the first of three new Ace-class ships for Carnival Cruise Line.

		DP World and Svitzer bunker first HVO-fuelled harbour tug at London Gateway Carbon inset scheme expands as tug switches from marine diesel to HVO.

		Venture Energy and Sinopec HK complete 'Hong Kong’s largest ever green bunkering' Delivery of 1,000 tonnes of methanol to ro-ro vessel hailed as new record for Hong Kong.

		Seascale Energy appoints Soo Yong Koo as business development director Industry veteran hired to drive customer growth in Asia and beyond.

		Wallenius Wilhelmsen takes delivery of first methanol-ready Shaper Class vessel The dual-fuel Arctic Tern will enter service on the Asia–Europe trade almost immediately.

		Hapag-Lloyd signs shore power agreement with Hamburg Port Authority Deal commits the carrier to using onshore power supply at all Hamburg terminals.