Rotterdam Market Report

Mon 16 Apr 2012, 12:14 GMT

Rotterdam Market Report

CRUDE:

Crude capped its fifth weekly decline since February as China’s economic growth slowed to the least in almost three years.

BARGE MARKET:

HS ex wharf - Offers -- / Bids --

LS ex wharf - Offers -- / Bids --

BUNKER MARKET:

Very tight availability on all products. Premium between hs/ls grades remains firm due to ongoing shortage of LS. Below mentioned numbers are not for prompt product. For all products also expect considerable higher numbers as tightness is expected to last till at least the end of next week.

Dutch time : 11:30 hours

Fuel oil 380 cst rmg 35 - USD 692-694

Fuel oil 380 cst rmg 35 (LS 1,0) - USD 760-763

Marine Gas Oil .86/LS 0.1% - USD 1005-1008

Marine Gas oil dma LS 0.1% - USD 996-998

MGO Netherlands Rotterdam (NL)


		MOL wins LR technology award for wind-assisted propulsion on LNG carriers Lloyd’s Register honours Mitsui O.S.K. Lines for its Wind Challenger decarbonisation work.

		Echandia to supply battery system for Incat’s new 78-metre hybrid ferry Swedish battery maker Echandia wins first order from Australian high-speed ferry builder Incat.

		Global Risk Management posts $9.4m pre-tax profit amid low-volatility energy markets Danish hedging firm grows client base and broadens product range despite subdued market conditions.

		Lloyd’s Register grants first type approval for 100% hydrogen marine engine BeHydro’s spark-ignited engine, tested in Ghent, operates entirely on hydrogen without pilot fuel.

		Molgas completes first LNG bunkering operation at Palermo Spanish energy firm carries out maiden LNG delivery at Sicilian port.

		Tsuneishi China delivers third methanol dual-fuel boxship in series Zhoushan shipbuilder hands over another 5,900-teu Maersk container vessel.

		Everllence completes type approval test for ammonia engine ahead of sea trials Eight classification societies oversee testing of ME-LGIA ammonia engine at Copenhagen research centre.

		CPN bunker barge becomes first vessel listed under Hong Kong’s new quality bunkering scheme Zhong Ran 23 achieves listing under the Marine Department’s voluntary mass flow metering initiative.

		Bunker Holding posts $73m pre-tax profit amid geopolitical headwinds and board overhaul Marine fuels exceeds its own expectations despite 4% revenue decline.

		Oilmar formalises governance structure with establishment of board of directors Dubai-based marine fuels trader Oilmar appoints three-member board.