Rotterdam Market Report

Wed 23 Nov 2011, 10:52 GMT

Rotterdam Market Report

CRUDE:

Crude firm as new sanctions against Iran and protests in Egypt raised concern that supplies will be disrupted

BARGE MARKET:

No offers // bids.

HS ex wharf - Offers --/ Bids --

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

BUNKER MARKET:

Prompt product is expected to remain tight this month. Some suppliers hoping to get replenishment over the weekend. Still congestion at installations. Below numbers are not for prompt product.

Dutch time: 10.40 hours

Fuel oil 380 cst rmg 35 - USD 624-627

Fuel oil 380 cst rmg 35 (LS 1,0) - USD 655-660

Marine Gas Oil .86/LS 0.1% - USD 963-968

Marine Gas oil dma LS 0.1% - USD953-958

MGO Netherlands Rotterdam (NL)


		Shipping’s fuel transition faces $9 trillion funding gap, Singapore technical talk to hear Global merchant fleet said to be ordering alternative-fuel vessels faster than the fuels can be produced.

		Netherlands launches R&D phase for electric emergency towing vessels with e-methanol as backup fuel Vessels will operate electrically wherever possible, while e-methanol will serve as fuel during emergency towing operations.

		KPI OceanConnect seeks marine fuel trading intern for China desk in Singapore Bunker firm is recruiting a bilingual staff member to support its China trading operations.

		EmissionLink calls for clarity amid crowded regulatory landscape Emissions management firm calls for practical guidance to prevent duplicate carbon costs under overlapping regulatory regimes.

		Shell forecasts sevenfold rise in LNG bunkering demand to 27m tonnes by 2035 Annual LNG outlook projects global demand reaching nearly 700 million tonnes per year by 2050.

		VPS opens Shanghai laboratory as China’s bunker market expands Sixth laboratory added to global network, targeting faster fuel testing for customers in APAC region.

		Heinrich Wegener joins Global Ethanol Association German family-owned bunker firm joins industry body to support ethanol and methanol adoption.

		Second MSC ultra-large LNG dual-fuel boxship enters dry dock at Zhoushan Changhong International's Daishan Base receives 19,000-teu container vessel built for MSC.

		Deal signed to build four LNG-fuelled gas carriers Quartet of 175,000-cbm LNG vessels destined for Shell charter.

		Changhong International launches LNG container ships and tankers for MSC and Navios Chinese shipbuilder launches four vessels in the space of days, spanning LNG container ships and oil tankers.