Rotterdam Market Report

Wed 1 Aug 2012, 11:22 GMT

Rotterdam Market Report

CRUDE:

Oil fell on speculation, that the Federal Reserve will be less likely to announce additional measures to stimulate the economy after US consumer confidence and business activity unexpectedly grew.

BARGE MARKET:

No offers // bids.

BUNKER MARKET:

Product remains tight early August. Below numbers not for prompt product. Market increasing in line with firming crude numbers.

Dutch time : 11:15 hours

Fuel oil 380 cst rmg 35 - USD 607-610

Fuel oil 380 cst rmg 35 (LS 1,0) - USD 654-656

Marine Gas Oil .86/LS 0.1% - USD 894-897

Marine Gas oil dma LS 0.1% - USD 905-907

MGO Netherlands Rotterdam (NL)


		EU ETS 2026 review raises cost predictability concerns for European shippers European Shippers' Council warns that carbon market reforms could affect logistics planning and competitiveness.

		Grimaldi takes delivery of 12th ammonia-ready car carrier Grande Oriente Naples-based firm says its latest PCTC halves fuel consumption compared with earlier-generation vessels.

		Ocean Network Express deploys methanol- and ammonia-ready vessel ONE Solidarity arrives in Shekou on maiden voyage as ONE expands MS2 service capacity.

		Sonan Energy Panama recruits bunker trader Cornelius Larsen Former Monjasa trader relocates to Panama to support firm's regional growth ambitions.

		Bureau Veritas and Shenzhen Port Group sign agreement to develop green shipping corridor Partnership aims to position Shenzhen as a green maritime hub and advance decarbonisation.

		K Line delivers two dual-fuel LNG carriers to Petronas LNG Sister vessels Puteri Johor and Puteri Kedah handed over in China.

		Gasum selected as LNG supplier for Fjord1 ferries on Norway’s west coast Long-term agreement covers LNG delivery to ferries operating the Arsvågen–Mortavika route.

		Shipping’s fuel transition faces $9 trillion funding gap, Singapore technical talk to hear Global merchant fleet said to be ordering alternative-fuel vessels faster than the fuels can be produced.

		Netherlands launches R&D phase for electric emergency towing vessels with e-methanol as backup fuel Vessels will operate electrically wherever possible, while e-methanol will serve as fuel during emergency towing operations.

		KPI OceanConnect seeks marine fuel trading intern for China desk in Singapore Bunker firm is recruiting a bilingual staff member to support its China trading operations.