Rotterdam Market Report

Thu 2 Aug 2012, 11:12 GMT

Rotterdam Market Report

CRUDE:

Oil climbed after US crude inventories dropped the most in 7 months and the Federal Reserve said it may take steps to boost the economy.

BARGE MARKET:

No offers // bids.

BUNKER MARKET:

Prompt product remains tight. Below numbers not for prompt product. Market stable at the moment.

Dutch time : 11:30 hours

Fuel oil 380 cst rmg 35 - USD 605-607

Fuel oil 380 cst rmg 35 (LS 1,0) - USD 654-657

Marine Gas Oil .86/LS 0.1% - USD 912-916

Marine Gas oil dma LS 0.1% - USD 897-902

MGO Netherlands Rotterdam (NL)


		Burando Energies appoints Valerie Ahrens as global head of methanol Ahrens brings more than 30 years of energy sector experience to the marine fuels supplier.

		New Sea Generation seeks junior bunker trader in Greece Greek bunker firm advertises role requiring commitment to demanding work schedule and operational responsibilities.

		IINO Lines secures sustainable shipping finance for methanol dual-fuel VLCC Japanese shipowner signs impact financing agreement with Mizuho Bank for alternative-fuel tanker.

		Fluxys Belgium reports EUR74.9m profit as LNG flows surge and hydrogen infrastructure begins Belgian gas infrastructure operator’s 2025 net profit fell 8.8% amid hydrogen and CO₂ investments.

		Shale oil components detected in Singapore marine fuel \| VPS VPS testing identifies 90,000 mt of delivered VLSFO containing Estonian shale oil compounds.

		IBIA chair completes two-year term, citing expansion in regulatory engagement and membership Outgoing chair to remain on Global Board and lead Future Fuels and Bunker Buyers’ working groups.

		LNG and methanol investments risk becoming 'dead ends' for shipping decarbonisation, UCL study finds Research warns transitional marine fuels may lock in fossil infrastructure rather than enabling an ammonia pathway.

		Protasov: Renewable fuel supply could meet shipping demand, but offtake agreements remain a barrier GENA Solutions CEO highlights project pipeline growth but warns regulatory uncertainty hampers investment decisions.

		Wah Kwong takes delivery of first LNG-ready LR2 tanker with Bureau Veritas SMART notation Frontier Venture is first in newbuild series to achieve Group 3 'augmented ship' capabilities.

		IMO calls for expert nominations for methane fuels technical seminar in May Event to cover LNG, biomethane and e-methane production, safe use and blending.