Rotterdam Market Report

Wed 3 Jun 2015, 11:09 GMT

Rotterdam Market Report

Market report from Marine Bunkering (Rotterdam) B.V.

Crude:

Oil rose to a three-week high in New York on speculation U.S. inventories posted their longest stretch of declines since August, while the dollar weakened. Saudi Arabia said its efforts to focus on market share are working, bolstering speculation that OPEC will maintain its production target at this week's meeting.

Oil's 40 percent rebound from a six-year low is supporting the strategy of the Organization of Petroleum Exporting Countries to keep pumping into a global glut. The group, which supplies about 40 percent of the world's oil, will keep its quota unchanged at 30 million barrels a day, according to all but one of 34 traders and analysts in a Bloomberg survey.

Bunker Market:

Loading problems for fuel in Rotterdam are easing but prompt deliveries still a bit tight. No gasoil loading problems reported.

Dutch time: 11.10 hours.

Fuel oil RMG 380 HS: 3.5%: USD 342-344

Marine Gas Oil DMA .89/ LS 0.1%: USD 574-578.

ULS fuel oil: USD 535-538.

MGO Netherlands Rotterdam (NL)


		Dorian LPG takes delivery of dual-fuel VLGC capable of carrying ammonia The 93,000-cbm Areion can run on LPG or fuel oil and transport ammonia cargoes.

		RINA awards ISCC EU certification to OLT Offshore LNG Toscana for bio-LNG supply Certification enables bio-LNG use in the EU as a renewable fuel under RED II and RED III directives.

		WSC calls for safe maritime corridor as 20,000 seafarers remain trapped in the Persian Gulf Industry body urges IMO member states to establish safe passage and supply access.

		Auramarine to host webinar on ammonia as marine fuel in April Finnish firm will explore ammonia’s role in maritime decarbonisation at its third spring webinar.

		Green ammonia could reach cost parity with VLSFO and LNG by 2050, study finds WinGD and Envision Energy study projects green ammonia operational costs competitive with conventional marine fuels.

		Bureau Veritas verifies methane emissions on Brittany Ferries’ LNG vessels Verification enables ferry operator to report measured methane slip instead of regulatory default values.

		Alliance calls for urgent black carbon action as new Arctic emission control areas take effect Canadian Arctic and Norwegian Sea ECAs now in force, with compliance deadline set for March 2027.

		Lloyd’s Register to class Western Australia’s first electric ferry fleet Echo Marine Group partners with Lloyd’s Register on five battery-electric ferries for Perth’s Swan River.

		ICS condemns Middle East shipping attacks as 20,000 seafarers remain trapped Industry body calls for urgent state action to resupply vessels and enable crew changes.

		Molslinjen order propels Australia to top of battery vessel production rankings Danish ferry operator’s three-catamaran order at Incat Tasmania shifts global manufacturing landscape, analysis shows.