Rotterdam Market Report

Fri 11 Nov 2011, 11:11 GMT

Rotterdam Market Report

CRUDE:

Crude rose to its highest level in more than three months after government reports showing U.S. jobless claims unexpectedly declined, spurring optimism that a recovering economy will boost fuel demand.

BARGE MARKET:

No offers // bids.

HS ex wharf - Offers --/ Bids --

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

BUNKER MARKET:

In line with current crude numbers. Prompt product remains very tight. Some suppliers already fully booked far into next week. Below numbers not for prompt deliveries. Congestion at Rotterdam loading installations.

Dutch time: 11.30 hours

Fuel oil 380 cst rmg 35 - USD 661-665

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

Marine Gas Oil .86/LS 0.1% - USD 1002-1005

Marine Gas oil dma LS 0.1% - USD 993-996

MGO Netherlands Rotterdam (NL)


		Flex Commodities moves Dubai head office to Jumeirah Lakes Towers UAE-based firm relocates to waterfront community popular amongst bunker companies.

		Echandia: Batteries offer fuel savings by optimising generator loads on large vessels Marine batteries could cut auxiliary generator fuel consumption by up to 15%, according to technology firm.

		Amazónica LNG joins SEA-LNG, extending the coalition’s reach into Latin America Colombian LNG terminal operator becomes first South American member of the multi-sector industry group.

		Hong Lam Marine launches first of four newbuild bunkering vessels First ship in the series, Priority, is launched in Jiangmen, China.

		CMA CGM completes world’s largest single-batch biomethanol bunkering at Shanghai 8,016-tonne operation said to be enough to fuel an entire transoceanic voyage.

		ClassNK revises alternative fuels guidelines to address hydrogen, methanol and ethanol safety requirements Updated guidelines incorporate IMO hydrogen rules and new structural standards for alcohol fuel tanks.

		MacGregor wins cargo handling contract for six LNG-powered boxships at Cochin Shipyard CMA CGM container vessels are scheduled for delivery between 2029 and 2031.

		Estonia launches biomethane-battery workboat for state fleet 38-metre KRATT is said to be the first vessel of its kind in the region.

		Yang Ming completes first LNG SIMOPS bunkering for YM Willpower in Shanghai Dual-fuel boxship receives 2,000 tonnes of LNG during simultaneous cargo operations.

		AYK Energy and Gebhard Electro secure two vessel electrification contracts A new dredger and a patrol vessel retrofit form the latest battery projects for the duo.