Rotterdam Market Report

Fri 3 Aug 2012, 11:20 GMT

Rotterdam Market Report

CRUDE:

WTI fell after the European Central Bank President failed to give details of a plan designed to shore up the euro by curbing rising government borrowing costs in the region.

BARGE MARKET:

HS ex wharf - Offers 610 / Bids 602.

BUNKER MARKET:

Prompt product remains tight, below numbers not valid for prompt product. Market firming in line with crude numbers.

Dutch time : 11:20 hours

Fuel oil 380 cst rmg 35 - USD 608-611

Fuel oil 380 cst rmg 35 (LS 1,0) - USD 658-662

Marine Gas Oil .86/LS 0.1% - USD 912-918

Marine Gas oil dma LS 0.1% - USD 892-895

MGO Netherlands Rotterdam (NL)


		Molgas completes first LNG bunkering operation at Palermo Spanish energy firm carries out maiden LNG delivery at Sicilian port.

		Tsuneishi China delivers third methanol dual-fuel boxship in series Zhoushan shipbuilder hands over another 5,900-teu Maersk container vessel.

		Everllence completes type approval test for ammonia engine ahead of sea trials Eight classification societies oversee testing of ME-LGIA ammonia engine at Copenhagen research centre.

		CPN bunker barge becomes first vessel listed under Hong Kong’s new quality bunkering scheme Zhong Ran 23 achieves listing under the Marine Department’s voluntary mass flow metering initiative.

		Bunker Holding posts $73m pre-tax profit amid geopolitical headwinds and board overhaul Marine fuels exceeds its own expectations despite 4% revenue decline.

		Oilmar formalises governance structure with establishment of board of directors Dubai-based marine fuels trader Oilmar appoints three-member board.

		Vestas Wind Systems CEO appointed vice chair of Bunker Holding Henrik Andersen joins the board of the marine fuels group with more than two decades of international business experience.

		Maersk Tankers CEO Tina Revsbech joins Bunker Holding board Danish USTC Group appoints shipping veteran to subsidiary’s board of directors.

		CSL delivers world’s first battery-powered self-unloading bulk carrier MV Yampu will transport limestone for Adbri in Australia, with full electric operation targeted by 2031.

		NYK, Yanmar and Eneos to install hydrogen fuel cell system on new Tokyo dining cruise vessel Three Japanese companies are collaborating to bring hydrogen propulsion to a dining cruise ship due to enter service in 2027.