Rotterdam Market Report

Mon 6 Jul 2015, 09:21 GMT

Rotterdam Market Report

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

Crude:

Oil declined the most since March as a rebound in U.S. drilling added to signs that producers will keep pumping into an oversupplied market.

With four days left to resolve nuclear talks in Vienna, Iran was said to be pushing for accelerated sanctions relief, which may push more crude into the world market.

Oil recovery from a six-year low in March has faltered amid speculation that rising prices will spur production and prolong a surplus. OPEC output expanded last month to the highest level since August 2012 as Iraq pumps at a record pace, a Bloomberg survey showed this week.

Bunker Market:

Although the market is getting tight for prompt fuel oil because of cargo activities, no loading problems reported for barges in Rotterdam.

Rather long waiting queues at ExxonMobil refinery in Antwerp

Dutch time: 11.08 hrs.

Fuel oil RMG 380 HS: 3.5%: USD 305-307

Marine Gas Oil DMA .89/ LS 0.1%: USD 523-526

ULS fuel oil: USD 490-495.

ExxonMobil MGO Netherlands Rotterdam (NL)


		Naming ceremony held for LPG dual-fuel ammonia carrier VLAC Meera named during event held in China on 10 July.

		IMO adopts Singapore-led resolution on protection of shipping lanes Thirty co-sponsors back a resolution reaffirming navigational rights under international law.

		TT-Line orders second LNG-hybrid battery ferry for Baltic Sea operations German ferry operator doubles down on LNG-hybrid technology with a second next-generation newbuild.

		CMA CGM Notre Dame receives first European bio-LNG bunkering during Rotterdam maiden call LNG-powered container ship takes on bio-LNG derived from agricultural waste.

		Fincantieri marks 30 years with Carnival as steel cutting begins for new LNG-powered Carnival Destiny Italian shipbuilder Fincantieri has begun construction of the first of three new Ace-class ships for Carnival Cruise Line.

		DP World and Svitzer bunker first HVO-fuelled harbour tug at London Gateway Carbon inset scheme expands as tug switches from marine diesel to HVO.

		Venture Energy and Sinopec HK complete 'Hong Kong’s largest ever green bunkering' Delivery of 1,000 tonnes of methanol to ro-ro vessel hailed as new record for Hong Kong.

		Seascale Energy appoints Soo Yong Koo as business development director Industry veteran hired to drive customer growth in Asia and beyond.

		Wallenius Wilhelmsen takes delivery of first methanol-ready Shaper Class vessel The dual-fuel Arctic Tern will enter service on the Asia–Europe trade almost immediately.

		Hapag-Lloyd signs shore power agreement with Hamburg Port Authority Deal commits the carrier to using onshore power supply at all Hamburg terminals.