Rotterdam Market Report

Thu 30 Jun 2011, 12:27 GMT

Rotterdam Market Report

CRUDE :

Crude rose again in the biggest 2-day really in 7 weeks in NY after the US government said supplies dropped almost three times as much as expected and Greece approved austerity measures aimed at preventing a debt default.

BARGE MARKET:

No offers // bids

HS ex wharf: Offers --- / Bids --

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

BUNKER MARKET:

Prompt product remains tight in the ARA - expected to remain so during first part of next week. Congestion at loading installations. Big gap in prices due to different market view between suppliers. Below numbers are not for prompt product.

Dutch time: 12:15 hrs

Fuel oil 380 cst rmg 35 - USD 625/630

Fuel oil 380 cst rmg 35 (LS 1,0) - USD 685/693

Marine Gas Oil .86/LS 0,1% - USD 928/935

MGO Netherlands Rotterdam (NL)


		Europe risks falling behind China in race to produce e-fuels for shipping Europe has 69 e-fuel projects but only six are operational, while China is scaling rapidly.

		Sing Fuels opens applications for junior bunker trader role Singapore-based firm seeks candidates with one to two years of experience in marine fuels or the wider maritime industry.

		Eleven Energy eyes Athens expansion with trader hire Riyadh-headquartered firm looking to open its second office in Europe.

		Monaco backs Scorpio Ship Management in European hydrogen propulsion project Government co-finances Scorpio’s role in Project Mariner as Europe pushes to develop hydrogen propulsion technology for commercial shipping.

		Exmar takes delivery of second dual-fuel ammonia carrier at HD Hyundai Heavy Industries Arlon is second in a planned series of four ammonia dual-fuel midsize gas carriers.

		IBT Bunkering & Trading launches Singapore desk to complement Hamburg operation German bunker firm says the move gives it round-the-clock coverage across two continents.

		Singapore awards eight new LNG bunkering licences ahead of September launch The Maritime and Port Authority of Singapore is expanding the city-state’s LNG bunkering capacity with eight new five-year licences.

		New Times Shipbuilding launches two LNG dual-fuel crude oil tankers for Maran and Capital Ship Two 155,500-dwt LNG dual-fuel tankers floated out for Greek shipping groups.

		Naming ceremony held for Huangpu Wenchong's first methanol dual-fuel bulkers Two 65,000-tonne vessels built for Limassol-based Lemissoler Navigation.

		Damen launches second CSOV 9020 for TSSM, prepared for future methanol operation The vessel, to be named TSS Challenger, is due for delivery in early 2027.