Rotterdam Market Report

Thu 12 Apr 2012, 11:33 GMT

Rotterdam Market Report

CRUDE:

Oil rose after the U.S. Energy Department said that fuel stockpiles declined.

BARGE MARKET:

HS ex wharf - Offers 687 / Bids 682

LS ex wharf - Offers -- / Bids 745

BUNKER MARKET:

Some suppliers fully committed till after the weekend. Premium between hs/ls grades remains firm due to ongoing shortage of LS. Below mentioned numbers are not for prompt product. Especially for LS expect considerably higher numbers as tightness is expected to last till end of next week.

Dutch time : 11:50 hours

Fuel oil 380 cst rmg 35 - USD 691-695

Fuel oil 380 cst rmg 35 (LS 1,0) - USD 763-766

Marine Gas Oil .86/LS 0.1% - USD 1000-1003

Marine Gas oil dma LS 0.1% - USD 990-993

MGO Netherlands Rotterdam (NL)


		Asyad Shipping adopts AuctionConnect digital bunker platform under three-year deal Middle East shipping company to implement auction-based procurement system across fleet operations.

		LNG remains the most deployable decarbonisation option for cruise shipping, Lloyd’s Register report finds Classification society’s latest research examines the fuel’s role in the sector’s energy transition and pathway to net zero.

		ABS engineer to discuss performance-based hydrogen framework at SPE symposium Dr Ibrahim Muritala to join panel examining shift from colour-based hydrogen labelling to carbon intensity metrics.

		Cosco Shipping completes methanol dual-fuel retrofits on four ultra-large container vessels Chinese shipping line retrofits 20,000-teu and 13,800-teu vessels with methanol propulsion systems.

		Chinese yard launches LNG dual-fuel Suezmax Crude carrier with LNG propulsion launched in Jiangsu province.

		Keel laid for LNG dual-fuel crude oil tanker Chinese yard begins construction on 155,500-dwt vessel with Lloyd’s Register classification.

		BW LNG vessel completes first gassing-up operation with bunker barge BW Lesmes transitions from drydock to cargo readiness using an LNG bunker barge.

		LNG marine fuel shows up to 29% emissions reduction in new SGMF study Latest life cycle assessment shows improved methane slip control, with well-to-wake reductions of up to 25%.

		Blue Energy Partners appoints Michelle McDade as head of operations McDade brings more than eight years of bunkering experience to the Oslo-based role.

		Venture Energy signs green methanol supply deal with Shenji Energy Hong Kong-based firm to purchase ISCC EU-certified biomass-derived methanol for shipping clients.