Rotterdam Market Report

Fri 27 Jul 2012, 12:54 GMT

Rotterdam Market Report

CRUDE:

Oil rose for a third day as U.S. reports on durable goods and jobless claims reduced concern that economic growth is slowing and the head of the European Central Bank pledged that the euro will survive.

BARGE MARKET:

One bid hs 603 mtw.

BUNKER MARKET:

Product for this month remains tight. Below numbers not for prompt product. Market remains firm. Big gap in prices due to different visions between suppliers regarding market developments.

Dutch time : 12:54 hours

Fuel oil 380 cst rmg 35 - USD 606-612

Fuel oil 380 cst rmg 35 (LS 1,0) - USD 656-662

Marine Gas Oil .86/LS 0.1% - USD 905-910

Marine Gas oil dma LS 0.1% - USD 886-890

MGO Netherlands Rotterdam (NL)


		The emergence of B100 FAME in a volatile distillate market \| Paul Hoather, VPS VPS UK Sales Manager provides recommendations following increased B100 usage due to price dynamics.

		Changhong International begins construction of first 11,400-teu LNG dual-fuel boxship for Oceanroutes Chinese yard starts work on first of 18 vessels in order from new customer.

		China’s renewable energy could fuel global shipping decarbonisation, says GCMD Maritime body sees potential for China to convert domestic wind and solar into green marine fuels.

		OceanScore adds vessel activation controls for EU ETS and FuelEU compliance workflows Software provider introduces a feature allowing third-party managers to toggle vessel compliance status while preserving historical data.

		MOL develops carbon inset and book-and-claim programme for alternative marine fuels Japanese shipowner details mechanism to verify, certify and fund use of biomethanol and other low-carbon fuels.

		Hafnia orders eight MR tankers from Hyundai Heavy Industries for $405m Vessels scheduled for delivery between Q3 2028 and Q2 2029 at South Korean shipyard.

		IBIA appoints Sommer Mitchell as marketing and events coordinator Mitchell brings more than five years of experience to the marine fuels industry association.

		MOL's 12th LNG dual-fuel car carrier makes maiden call in Singapore Lazulite Ace arrives in Singapore following delivery from Japanese shipyard in March.

		Deendayal Port Authority completes India’s first methanol bunkering demonstration Kandla port conducts maiden methanol bunkering trial in 'step towards maritime decarbonization.'

		Fincantieri lays keel for hydrogen-powered cruise ship Viking Astrea Second hydrogen-fuelled vessel in Viking series scheduled for delivery in 2027 from Ancona yard.