Rotterdam Market Report

Fri 20 Apr 2012, 12:12 GMT

Rotterdam Market Report

CRUDE:

Oil declined in New York as more Americans than forecast filed applications for unemployment benefits and sales of previously owned homes fell, raising concern that the U.S. recovery is stalling

BARGE MARKET:

HS ex wharf - Offers 684 / Bids --

LS ex wharf - Offers -- / Bids --

BUNKER MARKET:

Very tight availability on all products. Premium between hs/ls grades remains firm due to ongoing shortage of LS. Tight availability for LS in Antwerp as well. Below mentioned numbers are not for prompt product. For all products also expect considerable higher numbers as tightness is expected to last unil at least the beginning of next week. Some suppliers fully booked for LS and HS until 24 April 2012.

Dutch time : 11:25 hours

Fuel oil 380 cst rmg 35 - USD 685-688

Fuel oil 380 cst rmg 35 (LS 1,0) - USD 749-752

Marine Gas Oil .86/LS 0.1% - USD 998-1001

Marine Gas oil dma LS 0.1% - USD 990-992

MGO Netherlands Rotterdam (NL)


		Fuel quality management for vessels in extended idle: Arabian Gulf, Gulf of Oman and adjacent anchorages \| Rahul Choudhuri, VPS Managing fuel quality deterioration following the closure of the Strait of Hormuz.

		Agastya Green Fuels signs 250,000 t/yr e-methanol offtake deal with Sri Lanka’s SAR Group Indian producer and Sri Lankan maritime firm agree long-term green methanol supply partnership.

		Bunker Holding seeks risk specialist for Copenhagen internal pricing desk Danish bunker group is expanding its internal pricing team to meet growing demand for fixed-price solutions.

		Biofuel demand could surge 70% by 2030 as food price fears mount T&E warns governments risk trading an oil crisis for a food crisis as biofuel targets strain vegetable oil and fertiliser markets.

		Shore power shifts from voluntary measure to compliance requirement, DNV white paper finds Shore power is moving from an optional emissions tool to a regulatory obligation for shipowners in key trades.

		Baker Hughes’ NovaLT 16 gas turbine receives RINA type approval for marine propulsion on hydrogen and natural gas Certification covers operation on natural gas and blends up to 100% hydrogen for marine use.

		ABS grants approval in principle for nuclear reactor integration in cargo vessel design ABS, HD KSOE, Capital Maritime Group and MIT have received approval in principle for a nuclear-powered cargo vessel propulsion system.

		Green e-fuel export corridor between Brazil and Belgium advances to feasibility stage A consortium has been formed to develop a green e-fuel corridor linking Porto do Açu to Antwerp-Bruges.

		Sallaum Lines takes delivery of two LNG-fuelled PCTCs in simultaneous handover ceremony RoRo carrier receives MV Ocean Express and MV Ocean Navigator from Chinese shipyard.

		Agastya Group signs MoU with Andhra Pradesh government for 1 MTPA green methanol hub at Mulapeta Port India-based Agastya Group plans a $6.5bn green methanol export facility on the country's east coast.