Rotterdam Market Report

Tue 10 Jan 2012, 10:42 GMT

Rotterdam Market Report

CRUDE:

Oil dropped a third day as German industrial output declined, signaling that growth in Europe’s largest economy may have stalled, and as concerns are easing that Iran will block crude shipments from the Persian Gulf.

BUNKER MARKET:

Market in line with current crude numbers. Some suppliers fully booked until end of the week. Below numbers not applicable for prompt product. Dutch time: 11:10 hours

Fuel oil 380 cst rmg 35 - USD 677-680

Fuel oil 380 cst rmg 35 (LS 1,0) - USD 701-705

Marine Gas Oil .86/LS 0.1% - USD 975-979

Marine Gas oil dma LS 0.1% - USD 966-969

MGO Netherlands Rotterdam (NL)


		Titan Clean Fuels completes first FuelEU Maritime pooling exercise with DNV verification Pool included several hundred vessels, with LNG and biomethane helping balance compliance deficits.

		ClassNK grants world-first approval for ammonia-fuelled bulk carrier with Type B fuel tanks Japanese classification society issues AiP for Panamax design with tanks installed on exposed deck.

		EmissionLink warns UK ETS preparations at risk amid Strait of Hormuz focus Maritime emissions compliance provider says regulatory deadline cannot be delayed despite geopolitical disruptions.

		FortisBC completes 10,000th LNG bunkering operation for marine vessels Canadian utility reaches refuelling milestone as West Coast LNG marine fuel demand grows.

		Bureau Veritas approves dual-fuel tanker designs for Australian coastal operations SeaTech Solutions receives approval in principle for 80 m vessels designed to carry methanol and biofuels.

		Japanese shipping firms secure government funding for Singapore ammonia bunkering trial Sumitomo, K Line and NYK to demonstrate ship-to-ship ammonia fuel supply operations.

		PIL and PSA launch Singapore’s first joint land-sea green shipping service DNV-verified service allows shippers to reduce Scope 3 emissions through lower-carbon fuel allocation.

		Baleària begins sea trials of dual-fuel catamaran Mercedes Pinto in Gijón Third LNG-powered fast ferry expected for delivery in May, destined for Canary Islands routes.

		Navios Partners takes delivery of dual-fuel-ready Aframax tanker Nave Amaryllis is equipped with LNG and methanol readiness alongside shore power capability.

		IBIA backs IMO as global shipping regulator ahead of MEPC 84 Marine fuel industry body supports joint shipping statement emphasising multi-stakeholder approach to decarbonisation.