Rotterdam Market Report

Wed 26 Aug 2015, 11:55 GMT

Rotterdam Market Report

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

Crude:

Oil rose more than 3 percent on Tuesday as oversold conditions brought some buyers back to the market, but a lingering supply glut and worries about the slowing economy in top commodities consumer China kept crude prices near 6-1/2-year lows.

China cut interest rates on Tuesday and lowered the amount of reserves banks must hold in its latest move to stimulate growth, aiding a recovery in European and Wall Street shares.

Brent closed up 52 cents at $43.21 a barrel, after recording $42.23 on Monday - its lowest since March 2009.

Bunker Market:

Even though crude is stronger, bunker prices remain under pressure due to much product in the ARA.

Dutch time: 12:17 hrs.

Fuel oil RMG 380 HS: 3.5%: USD 191-195

Marine Gas Oil DMA .89/ LS 0.1%: USD 391-394

ULS fuel oil: USD 363-368.

MGO Netherlands Rotterdam (NL)


		MOL holds naming ceremony for fourth LNG dual-fuel VLCC Vessel, named Tsurugidake, features an LNG fuel tank with a capacity exceeding 10,000 cbm.

		VPS to host Bergen seminar on marine fuel quality, lubricants and decarbonisation regulation Free-to-attend event on September 16 will feature speakers from VPS and DNV.

		Cosulich Marine Energy launches third methanol-ready bunker tanker in China Carlotta Cosulich launched at Taizhou Maple Leaf Shipyard, leaving one vessel in series still to come.

		Carnival's CSMART seeks specialist instructor for LNG-as-fuel training in Netherlands Role focused on delivering training to through classroom instruction and simulator-based learning.

		Stabilis Solutions nears 100 LNG bunkering operations at Galveston Houston-based supplier highlights its Gulf Coast LNG bunkering record as plans advance for new liquefaction facility.

		Towngas hosts Hong Kong government delegation at Inner Mongolia green methanol plant Hong Kong's Transport and Logistics Bureau tours VENEX facility as green methanol capacity scales to 300,000 tonnes.

		Singapore 12-month bunker calls hit all-time high in July TTM calls at world's largest bunkering hub reach record levels despite softer sales volumes.

		Singapore T3M bunker sales stay below 14m tonnes for fourth month running Rolling three-month volumes remain subdued despite modest month-on-month recovery in July.

		Peru’s Port of Callao launches first shore power system in Latin America DP World Callao’s onshore power supply system could cut over 6,300 tonnes of CO₂ annually.

		New Times Shipbuilding delivers LNG dual-fuel crude oil tanker to Capital Chinese yard hands over 155,500-dwt vessel in ceremony attended by owner’s representative.