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)


		Agastya Green Fuels signs 250,000 t/yr e-methanol offtake deal with Sri Lanka’s SAR Group Indian producer and Sri Lankan maritime firm agree long-term green methanol supply partnership.

		Bunker Holding seeks risk specialist for Copenhagen internal pricing desk Danish bunker group is expanding its internal pricing team to meet growing demand for fixed-price solutions.

		Biofuel demand could surge 70% by 2030 as food price fears mount T&E warns governments risk trading an oil crisis for a food crisis as biofuel targets strain vegetable oil and fertiliser markets.

		Shore power shifts from voluntary measure to compliance requirement, DNV white paper finds Shore power is moving from an optional emissions tool to a regulatory obligation for shipowners in key trades.

		Baker Hughes’ NovaLT 16 gas turbine receives RINA type approval for marine propulsion on hydrogen and natural gas Certification covers operation on natural gas and blends up to 100% hydrogen for marine use.

		ABS grants approval in principle for nuclear reactor integration in cargo vessel design ABS, HD KSOE, Capital Maritime Group and MIT have received approval in principle for a nuclear-powered cargo vessel propulsion system.

		Green e-fuel export corridor between Brazil and Belgium advances to feasibility stage A consortium has been formed to develop a green e-fuel corridor linking Porto do Açu to Antwerp-Bruges.

		Sallaum Lines takes delivery of two LNG-fuelled PCTCs in simultaneous handover ceremony RoRo carrier receives MV Ocean Express and MV Ocean Navigator from Chinese shipyard.

		Agastya Group signs MoU with Andhra Pradesh government for 1 MTPA green methanol hub at Mulapeta Port India-based Agastya Group plans a $6.5bn green methanol export facility on the country's east coast.

		New Times Shipbuilding cuts steel on two crude tankers and delivers LNG dual-fuel vessel Chinese yard marks a busy 4 June with steel-cutting ceremonies and a tanker delivery to Maran.