Rotterdam Market Report

Tue 10 May 2011, 11:53 GMT

Rotterdam Market Report

CRUDE :

Crude jumped up, rebounding from the biggest weekly decline since 2008, on signals that the global economic recovery remains intact.

BARGE MARKET:

HS ex wharf - Bids 625 / Offers 617

LS ex wharf 1,0% - Bids -- / Offers --

BUNKER MARKET:

Some suppliers fully booked this week. Still congestion at loading installations. Big gap in prices due to different view of market development between suppliers and promptness of product.

Dutch time: 13:15 hrs.

Fuel oil 380 cst rmg 35 - USD 625/635

Fuel oil 380 cst rmg 35 (LS 1,0) - USD 667/680

Marine Gas Oil .86/LS 0,1% - USD 937/942

MGO Netherlands


		Osaka Gas launches ship-to-ship LNG bunkering in Japan Japanese energy company now offers all three primary LNG fuel supply methods for vessels.

		Gasum converts to a public limited company to diversify financing options Finnish energy company changes legal structure from private to public limited liability company.

		Meyer Turku secures Icon 6 and 7 cruise ship orders from Royal Caribbean Finnish shipyard to deliver two additional Icon Class vessels under framework agreement extending to 2036.

		BC Ferries orders Everllence engines for four newbuild ferries Canadian operator selects 32/44CR engines for vessels designed to support future electric operations.

		VPS executive to join panel on bunker fuel testing adequacy at Athens marine insurance event Steve Bee will discuss bunker testing standards with insurance and surveying experts in May.

		Everllence completes first factory test of 18V51/60 engine running on B100 biofuel French facility tests 18,900 kW engine converted to run entirely on biofuel in Corsica.

		Genevos secures €2.2m EU funding for 1 MW maritime hydrogen fuel cell development French company joins €7m MARINER project to develop and validate modular fuel cell systems.

		Skuld warns of unusual chemical compounds in Southeast Asian marine fuels Marine insurer reports fuels meeting ISO 8217 standards but containing high levels of hydrocarbon compounds.

		IMO chief urges progress on net-zero framework amid Hormuz crisis Arsenio Dominguez calls for constructive dialogue as MEPC 84 tackles greenhouse gas measures and ballast water regulations.

		Monjasa reflags UAE-based tankers to Emirates registry Marine fuels supplier transitions first of three vessels from Liberian to UAE flag.