Rotterdam Market Report

Wed 16 Mar 2016, 10:19 GMT

Rotterdam Market Report

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

Crude:

Crude dropped today again as Iran increased crude exports and said it won't join major producers in freezing output to reduce a global glut.

Bunker Market:

Big gap in prices due to different market vision amongst suppliers.

Dutch time: 10:35 hrs

Fuel oil RMG 380 HS: 3.5%: USD 153-162

Marine Gas Oil DMA .89/ LS 0.1%: USD 336-344

ULS fuel oil: USD 312-318.

MGO Netherlands Rotterdam (NL)


		PIL’s Kota Eagle helps Shanghai pass 2 million cbm LNG bunkering mark Milestone said to have been reached when boxship received 4,549 cbm of LNG from SIPG Energy’s LNG bunkering vessel.

		Pinnacle Marine lays keel for fourth B100-compatible harbour craft in Singapore newbuild programme Singapore operator expands its B100-compatible fleet amid strong chartering demand.

		Europe risks falling behind China in race to produce e-fuels for shipping Europe has 69 e-fuel projects but only six are operational, while China is scaling rapidly.

		Sing Fuels opens applications for junior bunker trader role Singapore-based firm seeks candidates with one to two years of experience in marine fuels or the wider maritime industry.

		Eleven Energy eyes Athens expansion with trader hire Riyadh-headquartered firm looking to open its second office in Europe.

		Monaco backs Scorpio Ship Management in European hydrogen propulsion project Government co-finances Scorpio’s role in Project Mariner as Europe pushes to develop hydrogen propulsion technology for commercial shipping.

		Exmar takes delivery of second dual-fuel ammonia carrier at HD Hyundai Heavy Industries Arlon is second in a planned series of four ammonia dual-fuel midsize gas carriers.

		IBT Bunkering & Trading launches Singapore desk to complement Hamburg operation German bunker firm says the move gives it round-the-clock coverage across two continents.

		Singapore awards eight new LNG bunkering licences ahead of September launch The Maritime and Port Authority of Singapore is expanding the city-state’s LNG bunkering capacity with eight new five-year licences.

		New Times Shipbuilding launches two LNG dual-fuel crude oil tankers for Maran and Capital Ship Two 155,500-dwt LNG dual-fuel tankers floated out for Greek shipping groups.