Rotterdam Market Report

Mon 11 Jul 2011, 10:54 GMT

Rotterdam Market Report

CRUDE:

According to media reports, the Dutch government tendered 600.000 barrels of Brent Crude and diesel last week, and offered Thursday 600.000 barrels of condensate and Forties crude directly to refineries. This stock release from strategic reserves is to cover the lost oil supply from Libya and to calm the volatile crude markets.

BARGE MARKET:

No offers // bids

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

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

BUNKER MARKET:

Ongoing congestion at Rotterdam loading installations. Product availability still tight in the ARA area. Below mentioned numbers are not for prompt product.

Dutch time: 11:15 hrs

Fuel oil 380 cst rmg 35 - USD 641/644

Fuel oil 380 cst rmg 35 (LS 1,0) - USD 695/698

Marine Gas Oil .86/LS 0,1% - USD 969/972

MGO Netherlands Rotterdam (NL)


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		Exmar names world’s first ocean-going ammonia dual-fuel gas carriers in South Korea Two 46,000-cbm vessels can reduce CO₂ emissions by up to 90% during navigation.

		Gulf Marine expands bonded lubricant supply network in China’s Fujian province Company adds supply points in Putian, Ningde and Fuqing, covering 20 terminals across the region.

		Bureau Veritas classifies Excelerate Energy’s new 170,000-cbm FSRU Excelerate Acadia Vessel built by HD Hyundai Heavy Industries features dual-fuel engines and proprietary regasification system.

		Osprey Energy seeks junior bunker trader to support Cebu trading activities from Netherlands Dutch marine fuel supplier targets Cebu region expansion through new training programme for Filipino candidates.

		KPI OceanConnect highlights falling EUA prices as opportunity for shipowners to lock in compliance costs Marine fuel firm says timing carbon allowance purchases can reduce costs as EU emissions scope expands.

		RINA partners with Hanwha Group on battery-hybrid propulsion for ro-ro ferries Classification society to provide regulatory compliance verification for hybrid battery systems on newbuilds and retrofits.

		HGK Shipping’s Amadeus Titanium fitted with wind assistance system Coastal vessel equipped with VentoFoils at Dutch port to reduce fuel consumption on Covestro routes.

		Bunker One expands physical supply operations to Tallinn and Finland Marine fuel supplier extends Baltic Sea coverage with new operational presence in Estonia and Finland.