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)


		IMO adopts Northeast Atlantic ECA covering waters from Portugal to Greenland New ECA to enter into force in September 2027, connecting existing European zones with Canadian Arctic waters.

		Renewable methanol project pipeline reaches 61 MMT as China groundbreakings accelerate GENA Solutions reports pipeline growth despite concerns over construction readiness for Chinese projects.

		Berg Propulsion to supply propulsion system for Akdeniz-built chemical tanker Turkish shipyard Akdeniz orders diesel-electric propulsion package for an 8,000-dwt vessel destined for Transka Tankers.

		China Classification Society certifies 740-teu pure-electric container ship Ning Yuan Dian Kun features battery-swapping capability and is claimed to eliminate 1,462 tonnes of CO2 annually.

		Lloyd’s Register to host UK ETS and FuelEU Maritime briefing in London Event on 12 May will examine maritime emissions regulations ahead of UK ETS expansion.

		Japanese shipbuilder delivers dual-fuel LNG bulk carrier Ruri Planet The 209,000-tonne Capesize vessel can run on heavy fuel oil or LNG.

		L&T Energy GreenTech signs 300,000-tonne green ammonia supply deal with Itochu Indian firm to supply Japanese trading house from planned Kandla facility for marine fuel applications.

		Methanol-powered container ship is named CMA CGM D’Artagnan French shipping group adds vessel to methanol fleet as part of net-zero target.

		Bound4blue completes second suction sail installation for Maersk Tankers Four 24-metre eSAIL units fitted on Maersk Tahiti at Chinese shipyard in April.

		Asia-Pacific ports advance cross-sector hydrogen and e-fuel infrastructure Accelleron report highlights a coordinated approach combining energy, industry and shipping demand to stimulate market development.