Rotterdam Market Report

Mon 26 Oct 2015, 11:44 GMT

Rotterdam Market Report

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

Crude:

World fuel indices declined on U.S.rig count and stockpiles build up. The U.S. oil rig count slid by 1 this week to 594, adding to the 80 sidelined in the previous seven weeks and extending a five-year low. Crude also fell as the dollar strengthened, reducing oil's investment appeal. U.S. crude stockpiles rose for a fourth week to 476.6 million barrels and were just 3 percent lower than their highest level in at least three decades in April, while production remained unchanged at 9.1 million barrels a day. Supplies at Cushing, Oklahoma, the delivery point for WTI futures and the biggest U.S. oil-storage hub, fell by 78,000 barrels, the first drop in three weeks.

Bunker Market:

Stable market. No problems reported.

Dutch time: 11:10 hrs.

Fuel oil RMG 380 HS: 3.5%: USD 216-218

Marine Gas Oil DMA .89/ LS 0.1%: USD 408-411

ULS fuel oil: USD 375-380.

MGO Netherlands Rotterdam (NL)


		Estonia launches biomethane-battery workboat for state fleet 38-metre KRATT is said to be the first vessel of its kind in the region.

		Yang Ming completes first LNG SIMOPS bunkering for YM Willpower in Shanghai Dual-fuel boxship receives 2,000 tonnes of LNG during simultaneous cargo operations.

		AYK Energy and Gebhard Electro secure two vessel electrification contracts A new dredger and a patrol vessel retrofit form the latest battery projects for the duo.

		Everllence and Hudong-Zhonghua sign engineering design agreement for LNG carrier development Agreement covers 180,000-cbm LNG carrier featuring a hybrid-electric propulsion system.

		Corvus Energy partners with Belga Marine to support Brazil’s battery-powered offshore fleet Norway-based energy storage firm expands aftermarket service network into Brazil’s growing offshore market.

		Singapore Shipping Association updates biofuels bunkering FAQ for 2026 SSA releases latest edition of its biofuel bunkering guidance document for the Port of Singapore.

		Eastern Pacific Shipping reaches 700th LNG bunkering operation Singapore-based shipowner logs nearly 3 million cbm of LNG bunkered over nearly six years.

		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.