Rotterdam Market Report

Mon 7 May 2012, 10:45 GMT

Rotterdam Market Report

CRUDE:

Oil fell below usd 100 for the first time since February as US employers added fewer workers than forecast, stoking concern that demand will not be enough to cap inventories at their highest level in 21 years.

BARGE MARKET:

UK is closed, there will be no paper or ex wharf offers today.

BUNKER MARKET:

Market weak in line with crude numbers. Many suppliers fully booked until 11th May. At the moment still a very quiet market. Below mentioned numbers not valid for prompt product.

Dutch time : 11:15 hours

Fuel oil 380 cst rmg 35 - USD 653-656

Fuel oil 380 cst rmg 35 (LS 1,0) - USD 713-716

Marine Gas Oil .86/LS 0.1% - USD 944-946

Marine Gas oil dma LS 0.1% - USD 960-963

MGO Netherlands Rotterdam (NL)


		Titan charters 8,000-cbm LNG bunker vessel for ZARA region operations United LNG I to deliver LNG and bio-LNG across Amsterdam, Rotterdam, Antwerp and Zeebrugge ports.

		Peninsula begins physical bunker supply operations in Mauritania Marine fuel supplier operating two barges following licence award from the Mauritanian National Hydrocarbons Commission.

		PuriFire Energy signs biomethanol supply deal with X-Press Feeders Letter of intent covers up to 15,000 tonnes annually for feeder carrier’s fleet.

		FLEX Commodities opens Seoul office with new Korea leadership team Dubai-based trader establishes South Korea presence with appointments of Alan Yang and Yujin Kang.

		O Bunkering appoints Sulaiman Alhadhrami as chief executive officer Omani bunker supplier names new CEO to lead growth and expansion in the maritime sector.

		Zhoushan expands shore power infrastructure as part of emissions reduction drive Chinese port city reports 30% increase in shore power usage across terminals and berths.

		Hapag-Lloyd and Kuehne+Nagel partner on biofuel initiative for Asia-Europe trade Agreement covers 3,300-teu using waste-based biofuels, targeting a 2,979-tonne CO₂e reduction in 2026.

		Berg Propulsion to supply electric propulsion systems for India’s green tugs Swedish firm to provide thrusters and electrical integration for two 60-tonne bollard pull battery-electric vessels.

		World Fuel seeks marine fuel supply executive in Singapore Role to manage supplier relationships and source marine fuel across South-East Asia and Australia-New Zealand.

		OOCL names first methanol dual-fuel vessel Orient Overseas Container Line christens OOCL Wisdom, dubbed the world’s largest methanol dual-fuel container vessel.