Thu 30 Jul 2015, 10:31 GMT

Rotterdam Market Report


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



Crude:

Oil prices jumped about 2 percent on Wednesday, springing from near six-month lows, after U.S. government data showed a surprisingly large crude stockpile draw that signalled the market may have been wrong in predicting slumping demand for energy.

Crude futures have lost over $10 a barrel since early June on fears that peak summer demand for gasoline in the United States was not enough to offset a growing global glut in oil supply. A resurgent dollar weighing on commodities and a stock market tumble in No.1 energy consumer China also contributed to the decline.

However, latest data from the U.S. Energy Information Administration showing a 4.2 million-barrel draw in crude stockpiles last week, more than twenty times analysts' expectations for a decrease of 184,000 barrels, indicated demand for energy may have been stronger than some thought.

The draw diverged sharply from the prior week's inventory build, which had taken stockpiles to above a five-year seasonal average.

The EIA also reported that averaging 9.51 million barrels per day over the past four weeks, U.S. gasoline demand was up 6.2 percent from the year-ago period.

Bunker Market:

Still loading problems for fuel oil in Rotterdam.

Dutch time: 11.00 hrs.

Fuel oil RMG 380 HS: 3.5%: USD 269-272

Marine Gas Oil DMA .89/ LS 0.1%: USD 455-460

ULS fuel oil: USD 435-440.


TMS Tankers logo. Lloyd’s Register delivers fleet-wide energy transition roadmap for TMS Tankers  

LR Advisory maps vessel-level compliance risk and decarbonisation pathways across the Greek owner’s tanker fleet.

Dr Prapisala Thepsithar, GCMD. GCMD shares biofuel assurance and green finance insights at Hong Kong shipping decarbonisation forum  

The Global Centre for Maritime Decarbonisation presented pilot findings on biofuels and energy efficiency financing.

Laura Maersk ethanol bunkering graphic. Maersk conducts large-scale ethanol bunkering trial on Laura Maersk in Rotterdam  

A.P. Moller – Maersk has conducted a barge-delivered ethanol bunkering operation as part of ongoing fuel trials.

Luminara vessel truck-to-ship bunkering. MOL Techno-Trade completes first LNG bunkering for international cruise ship in Hokkaido  

Truck-to-ship LNG operation at Hakodate marks first such supply to an international cruise vessel in Hokkaido.

Acta Gemini vessel. Acta Marine takes delivery of methanol dual-fuel CSOV Acta Gemini for RWE wind farm charter  

The vessel will support operations at the Sofia Offshore Wind Farm at Dogger Bank.

Yeva Wood and Kirsten Møller Jørgensen. Malik Supply expands Danish team with bunker trader and finance hire  

Danish bunker supplier Malik Supply adds two new staff across its Fredericia and Aalborg offices.

AiP award ceremony for a 10,000-teu biofuel-powered container ship. HJSC wins AiP for 10,000-teu biofuel-powered container ship design  

South Korean shipbuilder HJ Shipbuilding & Construction receives classification society approval for its biofuel vessel design at Posidonia.

Active vessel. Capital Clean Energy Carriers takes delivery of LNG carrier and dual-fuel gas carrier, secures five new charters  

Athens-based CCEC expands its fleet and pushes contracted revenue backlog to $3.1bn.

VPS logo. Fuel quality management for vessels in extended idle: Arabian Gulf, Gulf of Oman and adjacent anchorages | Rahul Choudhuri, VPS  

Managing fuel quality deterioration following the closure of the Strait of Hormuz.

Person signing a document. Agastya Green Fuels signs 250,000 t/yr e-methanol offtake deal with Sri Lanka’s SAR Group  

Indian producer and Sri Lankan maritime firm agree long-term green methanol supply partnership.