Rotterdam Market Report

Mon 13 Feb 2012, 13:38 GMT

Rotterdam Market Report

CRUDE:

Oil dropped from a 3-week high as euro area finance ministers refused to approve a rescue package for Greece, boosting concerns that the European debt crisis will reduce fuel demand.

BARGE MARKET:

HS ex wharf - Offers -- / Bids --

LS ex wharf - Offers -- / Bids --

BUNKER MARKET:

Some suppliers fully booked till 14th (also for Antwerp, limited ls available). Market firmed in line with crude numbers. Big gap in prices due to different market vision between suppliers and prompt product at much higher levels.

Dutch time: 11:00 hours

Fuel oil 380 cst rmg 35 - USD 703-710

Fuel oil 380 cst rmg 35 (LS 1,0) - USD 734-741

Marine Gas Oil .86/LS 0.1% - USD 993-999

Marine Gas oil dma LS 0.1% - USD 1006-1012

MGO Netherlands Rotterdam (NL)


		Uni-Fuels appoints general manager for new Houston operation Experienced professional Robert Love aiming to expand the company’s presence in the United States

		Sing Fuels hiring junior supply trader for Singapore operations Role aimed at candidates with one to two years of experience in marine fuels or the wider maritime industry.

		Exmar takes delivery of LNG carrier to serve the bunkering market Vessel to be convered into a floating transshipment unit for specialised LNG bunkering vessels to load fuel.

		Svitzer signs contract with India’s SDHI for four biofuel-ready TRAnsverse tugs Four 32-metre TRAnsverse 3200 tugs ordered from Gujarat-based shipbuilder.

		Petrobras launches barge supply operations at the Port of Suape Supplier has begun VLSFO and LSMGO barge deliveries at the Brazilian port following receipt of final operational licences.

		Hagland Shipping takes B100-capable Damen CF 3850 on time charter from Reederei Gerdes Norwegian dry bulk operator adds short-sea vessel with the ability to operate on B100 biodiesel.

		Chinese shipyard delivers LNG dual-fuel container ship to MSC 301 days ahead of schedule Zhoushan Changhong sets new early-delivery record for its series of LNG dual-fuel boxships.

		Portsmouth International Port makes first commercial shore power connection with cruise ship Virgin Voyages’ Valiant Lady plugs into Portsmouth International Port’s shore power system, with two ships connected simultaneously.

		EmissionLink calls for fairer EU ETS expansion and greater reinvestment in maritime decarbonisation Emissions compliance specialist warns that broader coverage alone will not deliver practical decarbonisation.

		Peninsula and Evos sign MoU to develop biofuel storage at Algeciras terminal Partnership aims to develop up to 60,000 cbm of dedicated biofuel storage capacity at the Strait of Gibraltar.