Rotterdam Market Report

Mon 28 Nov 2011, 11:45 GMT

Rotterdam Market Report

CRUDE:

Closing: WTI rose on speculation that Euro leaders will do more to fight the debt crisis and on concerns that tension in the Middle East will disrupt supply. Crude numbers decreasing.

BARGE MARKET:

HS ex wharf - Offers --/ Bids --

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

BUNKER MARKET:

Big gap in prices due to different visions from suppliers regarding market development. Prompt product remains tight this month. Market firm in line with strong crude.

Dutch time: 11.05 hours

Fuel oil 380 cst rmg 35 - USD 628-635

Fuel oil 380 cst rmg 35 (LS 1,0) - USD 660-666

Marine Gas Oil .86/LS 0.1% - USD 963-967

Marine Gas oil dma LS 0.1% - USD948-953

MGO Netherlands Rotterdam (NL)


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		Wah Kwong takes delivery of first LNG-ready LR2 tanker with Bureau Veritas SMART notation Frontier Venture is first in newbuild series to achieve Group 3 'augmented ship' capabilities.

		IMO calls for expert nominations for methane fuels technical seminar in May Event to cover LNG, biomethane and e-methane production, safe use and blending.

		Emvolon to present stranded methane conversion technology at Industry Growth Forum Company selected from over 270 entrepreneurs to showcase modular fuel production system in Denver.

		Tsuneishi Shipbuilding delivers world’s first LNG dual-fuel Kamsarmax bulk carrier Japanese shipbuilder manufactures LNG fuel tank in-house, achieving over 50% EEDI reduction.

		Incat Crowther designs 80-metre high-speed ro-pax ferry for South Korean Yellow Sea routes Vessel will transport 572 passengers and 60 cars between Incheon and Ongjin County islands.

		Grieg Maritime Group orders GT Wings jet sails for Star Kirkenes retrofit Norwegian shipowner signs contract for two AirWing 20 units with option for three more vessels.