Rotterdam Market Report

Wed 25 Jul 2012, 11:31 GMT

Rotterdam Market Report

CRUDE:

Oil rose for the first time in 3 days as clashes in Syria raised tension in the Middle East and a report indicated that China's manufacturing may contract at a slower pace in July.

BARGE MARKET:

No offers // bids.

BUNKER MARKET:

LS remains tight for this month. Below numbers not for prompt product. Market firming in line with increasing crude numbers.

Dutch time : 12:00 hours

Fuel oil 380 cst rmg 35 - USD 594-596

Fuel oil 380 cst rmg 35 (LS 1,0) - USD 643-646

Marine Gas Oil .86/LS 0.1% - USD 893-897

Marine Gas oil dma LS 0.1% - USD 876-882

MGO Netherlands


		Bunker Holding appoints Global Risk Management's Jacob Nørgaard as CFO Michael Krabbe steps down after eight years with the company.

		Avenir LNG vessel completes first LNG bunker delivery to Icon of the Seas in Honduras Avenir Advantage delivers LNG to Royal Caribbean cruise ship in operation involving Axpo.

		Ethanol gains traction as a marine fuel, WinGD says, citing Shandong and Maersk Engine maker WinGD says ethanol is ready for maritime use as early orders and IMO recognition build momentum.

		IINO Lines takes delivery of the world’s only ice-class VLGC at Hanwha Ocean’s Okpo yard LPG dual-fuel vessel is also capable of carrying ammonia as cargo.

		Clean Arctic Alliance warns of black carbon threat as container ships eye Northern Sea Route Environmental coalition urges IMO polar fuel rules as Arctic shipping activity raises climate concerns.

		Construction begins on 21,700-TEU LNG dual-fuel boxship for MSC 366-metre vessel described as the largest container ship currently under construction in Zhejiang Province.

		CIMC SOE signs order with European shipowner for 6,000-cbm LNG bunker vessel Vessel set to provide LNG bunkering services at European ports once deployed.

		Flex Commodities moves Dubai head office to Jumeirah Lakes Towers UAE-based firm relocates to waterfront community popular amongst bunker companies.

		Echandia: Batteries offer fuel savings by optimising generator loads on large vessels Marine batteries could cut auxiliary generator fuel consumption by up to 15%, according to technology firm.

		Amazónica LNG joins SEA-LNG, extending the coalition’s reach into Latin America Colombian LNG terminal operator becomes first South American member of the multi-sector industry group.