Rotterdam Market Report

Thu 4 Aug 2011, 12:25 GMT

Rotterdam Market Report

CRUDE:

Crude oil dropped to a 5-week low on concerns that a faltering economy will curb demand in the US.

BARGE MARKET:

Prompt product tight until Monday. Again congestion at loading installations lasting 3 / 4 days.

HS ex wharf: Offers -- / Bids --

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

BUNKER MARKET:

Market down further. Very prompt product tight.

Dutch time: 13:00 hrs

Fuel oil 380 cst rmg 35 - USD 651/654

Fuel oil 380 cst rmg 35 (LS 1,0) - USD 679/684

Marine Gas Oil .86/LS 0,1% - USD 963/967

MGO Netherlands Rotterdam (NL)


		Peru’s Port of Callao launches first shore power system in Latin America DP World Callao’s onshore power supply system could cut over 6,300 tonnes of CO₂ annually.

		New Times Shipbuilding delivers LNG dual-fuel crude oil tanker to Capital Chinese yard hands over 155,500-dwt vessel in ceremony attended by owner’s representative.

		Shell completes maiden LNG bunkering operation in Valencia Delivery to MSC vessel facilitated by Fratelli Cosulich said to be first-ever LNG bunker supply at Spanish port.

		PIL hiring senior marine fuels executive to manage global bunkering operations Singapore-based role includes oversight of fuel procurement and delivery operations, covering PIL's fleet of container and multi-purpose vessels.

		Changhong International Shipbuilding cuts steel on two more 3100-teu boxships for Costamare HSFO-fuelled vessels feature scrubbers, SCR systems and shore power connections to meet emissions requirements.

		Lloyd’s Register and Maersk Mc-Kinney Møller Center launch ammonia safety and training resources for shipping New tools aim to help operators build the safety management and competency frameworks needed for ammonia-fuelled vessels.

		IBT Bunkering & Trading appoints Kevin Döhmen to manage new Singapore office Döhmen tasked with developing IBT’s operation in the Asian city-state.

		Peak takes delivery of third S-class vessel and cuts steel for ammonia-fuelled ship Norwegian operator marks two events at Chinese yard as ammonia-powered newbuild programme advances.

		New Times Shipbuilding launches LNG dual-fuel tanker for Minerva 112,500-dwt Minerva Helen launched at shipyard in Jiangsu, China.

		Leonhardt & Blumberg equips first of four newbuilds with Econowind VentoFoils German shipowner installs wind-assisted propulsion technology aboard general cargo vessel Hansa Drejoe.