Rotterdam Market Report

Tue 29 Jul 2014, 12:13 GMT

Rotterdam Market Report

Crude:

WTI and Brent dropped as the flow of oil from the Middle East was unaffected by the surge in violence in Libya and Iraq.

Bunker Market:

Market firming in line with crude/paper plus ex-wharf product tight up to and including 4th August. Some suppliers fully booked this month.

Dutch time: 11:50 hours

Fuel oil RMG 380 HS 3.5% - USD 574-578

Fuel oil RMG 380 LS 1.0% - USD 590-594

Marine Gas Oil DMA 86/LS 0.1% - USD 896-900.

Marine Gas Oil DMA .89/LS 0.1% - USD 865-870.

MGO Netherlands Rotterdam (NL)


		Molgas completes first LNG bunkering operation at Palermo Spanish energy firm carries out maiden LNG delivery at Sicilian port.

		Tsuneishi China delivers third methanol dual-fuel boxship in series Zhoushan shipbuilder hands over another 5,900-teu Maersk container vessel.

		Everllence completes type approval test for ammonia engine ahead of sea trials Eight classification societies oversee testing of ME-LGIA ammonia engine at Copenhagen research centre.

		CPN bunker barge becomes first vessel listed under Hong Kong’s new quality bunkering scheme Zhong Ran 23 achieves listing under the Marine Department’s voluntary mass flow metering initiative.

		Bunker Holding posts $73m pre-tax profit amid geopolitical headwinds and board overhaul Marine fuels exceeds its own expectations despite 4% revenue decline.

		Oilmar formalises governance structure with establishment of board of directors Dubai-based marine fuels trader Oilmar appoints three-member board.

		Vestas Wind Systems CEO appointed vice chair of Bunker Holding Henrik Andersen joins the board of the marine fuels group with more than two decades of international business experience.

		Maersk Tankers CEO Tina Revsbech joins Bunker Holding board Danish USTC Group appoints shipping veteran to subsidiary’s board of directors.

		CSL delivers world’s first battery-powered self-unloading bulk carrier MV Yampu will transport limestone for Adbri in Australia, with full electric operation targeted by 2031.

		NYK, Yanmar and Eneos to install hydrogen fuel cell system on new Tokyo dining cruise vessel Three Japanese companies are collaborating to bring hydrogen propulsion to a dining cruise ship due to enter service in 2027.