Rotterdam Market Report

Thu 24 Nov 2011, 12:07 GMT

Rotterdam Market Report

CRUDE:

Oil declined as demand for German bonds missed expectations and US durable-goods order fell, reducing optimism that economic growth will improve. Crude numbers climbing again.

BARGE MARKET:

No offers // bids.

HS ex wharf - Offers --/ Bids --

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

BUNKER MARKET:

Still congestion at all loading ports. The situation in Antwerp improving. Prompt product still tight, some suppliers hoping to get replenishment over the weekend. Below numbers not for prompt product. Gasoil 86/01 for prompt also tight will improve over the weekend. Big gap in prices due to different market visions from suppliers

Dutch time: 11.15 hours

Fuel oil 380 cst rmg 35 - USD 620-624

Fuel oil 380 cst rmg 35 (LS 1,0) - USD 650-655

Marine Gas Oil .86/LS 0.1% - USD 962-966

Marine Gas oil dma LS 0.1% - USD950-956

MGO Netherlands Rotterdam (NL)


		Samskip brings SeaShuttle project into European HyShip initiative to develop liquid hydrogen infrastructure Two hydrogen-powered container vessels will operate between Rotterdam and Oslo from 2027.

		Korea Register and HD Hyundai team up to advance ammonia-fuel shipping in South Korea Two organisations are cooperating on eco-friendliness verification for ammonia dual-fuel vessels.

		Green ammonia could become the first commercially viable zero-emission marine fuel, WinGD study suggests Joint report by WinGD and Envision Energy sets out the economic case for green ammonia.

		Oilmar appoints junior marine fuels trader at Dubai trading desk UAE-headquartered bunker firm hires Rasul Shirinov, with a background in the agricultural sector.

		Maersk bunkers large dual-fuel vessel with 100% ethanol in Barcelona Ocean carrier scales up ethanol bunkering in bid to broaden its low-emission fuel strategy.

		Amsterdam-based Olyx seeks renewable marine fuels broker Dutch energy brokerage interested in candidates with two to six years of experience in similar roles.

		CSSC delivers LNG dual-fuel bulker to Eastern Pacific nearly four months early 210,000-tonne Mount Asahi handed over ahead of contract schedule.

		New Times Shipbuilding delivers three LNG dual-fuel tankers in four days Chinese yard hands over one VLCC and two Aframax-size crude tankers within a single week.

		Baleària ferry completes LNG bunkering at regular berth in Las Palmas for first time LNG refuelling of Mercedes Pinto set to take place weekly without changing berth.

		Baltic Shipping Company takes delivery of wind-assisted hybrid coaster 3,550-dwt vessel is fitted with Econowind VentoFoils and a battery package.