Rotterdam Market Report

Mon 15 Jun 2015, 09:12 GMT

Rotterdam Market Report

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

Crude:

Oil slid on Friday for a second day, giving back more of the week's gains as investors took profits on worries that higher Saudi Arabia output would feed the global supply glut. The number of oil rigs in the United States notched another weekly decline, but crude prices did not move much.

Bunker Market:

Market still very quiet, but weak.

Dutch time: 11.05 hours.

Fuel oil RMG 380 HS: 3.5%: USD 326-328

Marine Gas Oil DMA .89/ LS 0.1%: USD 553-555.

ULS fuel oil: USD 515-520.

MGO Netherlands Rotterdam (NL)


		Heinrich Wegener & Sohn joins Global Ethanol Association German family-owned bunker firm joins industry body to support ethanol and methanol adoption.

		Second MSC ultra-large LNG dual-fuel boxship enters dry dock at Zhoushan Changhong International's Daishan Base receives 19,000-teu container vessel built for MSC.

		Deal signed to build four LNG-fuelled gas carriers Quartet of 175,000-cbm LNG vessels destined for Shell charter.

		Changhong International launches LNG container ships and tankers for MSC and Navios Chinese shipbuilder launches four vessels in the space of days, spanning LNG container ships and oil tankers.

		Norsepower and Cosco unit sign R&D agreement to advance rotor sail development Finnish wind propulsion firm and Chinese manufacturer deepen ties with dedicated research and development pact.

		H2SITE closes Series B round above €42m to scale hydrogen membrane technology Fresh capital secured as firm targets large-scale industrial deployment and expansion into Asian markets.

		MHI study points to cost reduction potential in India-to-Singapore green ammonia value chain Mitsubishi Heavy Industries analysis finds value chain optimisation could cut green ammonia costs.

		Yang Ming names third LNG dual-fuel boxship for Asia–North Europe service YM Wayfinder joins two sister vessels already operating on LNG on the FE3 route.

		Flex Commodities appoints Milind Homkar as trade controller Dubai-based trader brings in finance and audit specialist to lead trade control function.

		Safe Bulkers launches first methanol dual-fuel bulk carrier at Chinese shipyard Greek dry bulk operator launches first methanol-powered vessel as part of its fleet renewal programme.