Rotterdam Market Report

Mon 5 Oct 2015, 14:32 GMT

Rotterdam Market Report

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

Crude:

Crude prices erased early losses to rise nearly 2 percent on Friday after a report showing the fifth weekly decline in the U.S. oil rig count renewed the debate over falling production in the world's top oil consumer.

Softer-than-expected U.S. jobs data and other economic statistics had weighed on oil earlier, along with reduced threats to oil installations in the U.S. East Coast from Hurricane Joaquin.

Brent for November settlement edged upward by 44 cents to $48.13 a barrel on the London-based ICE Futures Europe exchange.

Bunker Market:

Prompt product tight due to busy loading schedule VLCCs. Some suppliers only quoting as from 7/8th. Big price gap is prompt and 'normal' product.

Dutch time: 11:40 hrs.

Fuel oil RMG 380 HS: 3.5%: USD 222-234

Marine Gas Oil DMA .89/ LS 0.1%: USD 438-442

ULS fuel oil: USD 397-400.

MGO Netherlands Rotterdam (NL)


		The emergence of B100 FAME in a volatile distillate market \| Paul Hoather, VPS VPS UK Sales Manager provides recommendations following increased B100 usage due to price dynamics.

		Changhong International begins construction of first 11,400-teu LNG dual-fuel boxship for Oceanroutes Chinese yard starts work on first of 18 vessels in order from new customer.

		China’s renewable energy could fuel global shipping decarbonisation, says GCMD Maritime body sees potential for China to convert domestic wind and solar into green marine fuels.

		OceanScore adds vessel activation controls for EU ETS and FuelEU compliance workflows Software provider introduces a feature allowing third-party managers to toggle vessel compliance status while preserving historical data.

		MOL develops carbon inset and book-and-claim programme for alternative marine fuels Japanese shipowner details mechanism to verify, certify and fund use of biomethanol and other low-carbon fuels.

		Hafnia orders eight MR tankers from Hyundai Heavy Industries for $405m Vessels scheduled for delivery between Q3 2028 and Q2 2029 at South Korean shipyard.

		IBIA appoints Sommer Mitchell as marketing and events coordinator Mitchell brings more than five years of experience to the marine fuels industry association.

		MOL's 12th LNG dual-fuel car carrier makes maiden call in Singapore Lazulite Ace arrives in Singapore following delivery from Japanese shipyard in March.

		Deendayal Port Authority completes India’s first methanol bunkering demonstration Kandla port conducts maiden methanol bunkering trial in 'step towards maritime decarbonization.'

		Fincantieri lays keel for hydrogen-powered cruise ship Viking Astrea Second hydrogen-fuelled vessel in Viking series scheduled for delivery in 2027 from Ancona yard.