Rotterdam Market Report

Fri 25 May 2012, 12:57 GMT

Rotterdam Market Report

CRUDE:

Oil rebounded from a 7-month low as World powers and Iran worked to overcome "obstacles" at their second round of meetings concerning the country’s nuclear program.

BARGE MARKET:

HS ex wharf - Offers --/ Bids --

LS ex wharf - Offers -- / Bids --

BUNKER MARKET:

Market firming. Many suppliers fully booked for May in ARA and Hamburg. Product remains tight for all grades. Monday will be official holiday.

Below numbers are not for prompt product, these levels are much higher.

Dutch time : 13:30 hours

Fuel oil 380 cst rmg 35 - USD 624-626

Fuel oil 380 cst rmg 35 (LS 1,0) - USD 667-670

Marine Gas Oil .86/LS 0.1% - USD 917-922

Marine Gas oil dma LS 0.1% - USD 900-903

MGO Netherlands Rotterdam (NL)


		Abrasive reality: How elevated cat fines can damage marine engines \| VPS A guide on how to manage cat fine levels and avoid engine damage.

		European shipowners control 34.5% of global fleet but lag on sustainable fuel production New study highlights Europe’s shipping dominance while warning of Asia’s lead in alternative fuel development.

		O Bunkering announces new board of directors following merger Marine fuel supplier forms board to guide strategic direction and governance after recent merger.

		Clean ammonia project pipeline reaches 144 MMT by 2034 as industry advances Gena Solutions tracks 327 clean ammonia projects, with four reaching development milestones in April.

		O Bunkering and Marafi Services announce merger Omani firms join forces to accelerate growth and improve operational efficiency.

		OOCL orders twelve 13,600-teu LNG dual-fuel container vessels from Chinese shipbuilder Hong Kong-based carrier’s first LNG-powered vessels mark entry into alternative fuel segment.

		Cosulich launches second methanol-ready bunker vessel at Chinese shipyard Lucia Cosulich is the second of four sister vessels being built for alternative fuel bunkering.

		Wärtsilä Gas Solutions secures order for LNG systems on four bunkering vessels GSX Energy orders systems for vessels being built at Chinese shipyard Nantong CIMC Sinopacific.

		Chimbusco Pan Nation delivers 2,500 mt of B100 biodiesel in China’s largest single bunkering Hong Kong operation claims 89% greenhouse gas emissions reduction compared with conventional marine fuel.

		IBIA appoints three new members to Asia regional board Caroline Yang, Diana Mok and Francois-Xavier Accard join the board following unanimous approval.