Rotterdam Market Report

Mon 30 Jan 2012, 12:02 GMT

Rotterdam Market Report

CRUDE:

WTI snapped a 2-day increase after disappointing US economic growth in the 4th quarter undermined hopes that fuel demand in the world’s largest crude consuming country will rebound.

BARGE MARKET:

One bid 658 mtw. One offer ex-Flushing: USD 675 mtw.

BUNKER MARKET:

Still quiet market, but fuel decreasing in line with weaker crude numbers. Gasoil firming.

Dutch time: 11:45 hours

Fuel oil 380 cst rmg 35 - USD 671-675

Fuel oil 380 cst rmg 35 (LS 1,0) - USD 684-687

Marine Gas Oil .86/LS 0.1% - USD 955-959

Marine Gas oil dma LS 0.1% - USD 938-945

MGO Netherlands Rotterdam (NL)


		NYK begins one-year B100 biofuel trial on car carrier Japanese shipping company NYK Line launches continuous 100% biofuel trial to assess long-term operational safety.

		IBIA names Caroline Yang as chair of Asia regional board Hong Lam Marine CEO takes over from Capt. Rahul Choudhuri in leadership transition at the bunkering association.

		MOL outlines biomethane strategy and calls for cross-sector collaboration at Asia renewable gas conference Japanese shipping company MOL presents its bio-LNG approach and decarbonisation pathway at industry forum.

		MTF issues safety management guidelines for wind-assisted propulsion systems New guidelines aim to help shipping companies integrate WAPS into safety management systems.

		Changhong International delivers LNG dual-fuel boxship to MSC 159 days ahead of schedule The 10,300-teu MSC Maria Renata is designed to meet ammonia-ready and methanol-ready requirements.

		Sunoil and BFT convert Dutch inland barge Birjo II to run on 100% biodiesel Dutch barge Birjo II has been converted to operate on B100, cutting CO₂ emissions by up to 90%.

		Global renewable methanol pipeline reaches 61.6 MMT as China construction accelerates Gena's latest tracker shows 282 projects in development, with China and Europe dominating the pipeline.

		ESL Shipping cuts steel on first methanol-powered Green Handy vessel in Nanjing Finnish dry bulk carrier begins construction of four new handysize ships in China.

		World’s largest LNG-powered container ship makes maiden Singapore call CMA CGM Notre Dame arrives in Singapore on her first Asia-Europe voyage.

		Uni-Fuels seeks bunker trader in Singapore as Nasdaq-listed firm expands team Role includes managing end-to-end transactions, identifying opportunities and optimizing margins.