Rotterdam Market Report

Thu 1 Mar 2012, 12:24 GMT

Rotterdam Market Report

CRUDE:

Oil rose, capping the biggest monthly gain since October, as the Federal Reserve said the economy is expending at a "modest to moderate pace" and US gross domestic product expanded more than forecast.

BARGE MARKET:

HS ex wharf - Offers 705 / Bids 696

LS ex wharf - Offers -- / Bids --

BUNKER MARKET:

Some suppliers fully booked till 6th March. After a short decrease yesterday early afternoon, market is increasing again in line with firming crude numbers.

Dutch time: 12:30 hours

Fuel oil 380 cst rmg 35 - USD 706-709

Fuel oil 380 cst rmg 35 (LS 1,0) - USD 755-762

Marine Gas Oil .86/LS 0.1% - USD 998-1002

Marine Gas oil dma LS 0.1% - USD 1014-1020

MGO Netherlands Rotterdam (NL)


		Shale oil components detected in Singapore marine fuel \| VPS VPS testing identifies 90,000 mt of delivered VLSFO containing Estonian shale oil compounds.

		IBIA chair completes two-year term, citing expansion in regulatory engagement and membership Outgoing chair to remain on Global Board and lead Future Fuels and Bunker Buyers’ working groups.

		LNG and methanol investments risk becoming 'dead ends' for shipping decarbonisation, UCL study finds Research warns transitional marine fuels may lock in fossil infrastructure rather than enabling an ammonia pathway.

		Protasov: Renewable fuel supply could meet shipping demand, but offtake agreements remain a barrier GENA Solutions CEO highlights project pipeline growth but warns regulatory uncertainty hampers investment decisions.

		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.