Rotterdam Market Report

Tue 9 Aug 2011, 10:37 GMT

Rotterdam Market Report

CRUDE:

Oil fell to its lowest price in more than 8 months as investors fled commodities for assets such as treasury bills and gold after Standard & Poor's downgraded the US’s credit rating for the first time.

BARGE MARKET:

HS ex wharf: Offers 596 / Bids --

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

BUNKER MARKET:

Market remains weak. Prompt product tight till Thursday Antwerp/Rotterdam. Unique situation this tumble, nobody knows when it will stop. On the other hand some suppliers advise: when the situation turns around it might be going with up with high numbers. LS fuel started this morning 641 / gasoil 885.

Dutch time: 10:30 hrs

Fuel oil 380 cst rmg 35 - USD 598/600

Fuel oil 380 cst rmg 35 (LS 1,0) - USD 627/635

Marine Gas Oil .86/LS 0,1% - USD 875/900

MGO Netherlands Rotterdam (NL)


		Avenir lays keel for new LNG carrier and bunkering vessel Marine fuel supplier has commenced construction of Hull No. S-1123 as part of its newbuild programme.

		Aurora Hydrogen secures $3m from Oldendorff Overseas Investments for hydrogen production Investment advances microwave-driven methane pyrolysis technology that produces hydrogen from natural gas.

		Corvus Energy and Beyonder sign MoU to develop maritime battery systems Norwegian companies to explore next-generation energy storage solutions for shipping sector decarbonisation.

		Anew Climate and Avenir complete first joint bio-LNG bunkering in Europe Partnership delivers waste-based bio-LNG from Lithuania to Swedish ferry operator via Klaipėda terminal.

		Flex Commodities changes legal suffix from DMCC to FZCO under Dubai naming framework Administrative change aligns marine fuel trader with new UAE free zone company naming conventions.

		Stena RoRo takes delivery of 13th E-Flexer vessel from Chinese shipyard Capu Rossu handed over to Corsica Linea for Marseille-Corsica route starting mid-June.

		Titan Clean Fuels signs e-methane supply deal with TURN2X for 2028 delivery Bunker supplier to receive e-methane from Spanish production plant for distribution across European ports.

		Japan consortium achieves hydrogen co-firing in main engine for large commercial vessel Engine reaches over 95% hydrogen co-firing ratio, with installation planned for 2027.

		Belgian Trading & Bunkering expands DMA 0.89 truck deliveries in ARA region BTB extends marine fuel offerings with truck-based deliveries to meet maritime market demand.

		ABS convenes roundtable on offshore power barge for Great Lakes emissions reduction Meeting brought together ports, academia and industry to advance shore power solution under EPA programme.