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Rotterdam Bunker Port …
Offers maximum optionality Fuel your business Make it happen
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ROTTERDAM
… because of all facilities in Rotterdam Fuels hub
• 10 refineries linked by pipeline • 45 chemical plants • 4 palm oil refineries • 6 biofuel plants
Production
• Storage capacity 31 mln m3 • Large-scale and divers • Competition • Extensive nautical facilities
Tank storage
• Optionality • Flexible nautical infrastructure • Transhipment hub • Price benchmark location
Trade
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Supply flows are changing due to different key developments
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Throughput of fuel oil has increased
• 60% of incoming fuel oil has origin in Russia and Baltic States
• 60% of outgoing fuel oil has Singapore as destination
0
5
10
15
20
25
30
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Q12014
Q12015
Mill
ion
tons
Throughput fuel oil Rotterdam
Incoming
Outgoing
20-5-2015
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Arbitrage volumes in VLCC’s and Suezmaxes this year doubled compared to 2014
Import from Russia
Local production
Destination Asia-Pacific
Suezmax: 1319 (2.6 mln ton)
VLCC: 1021 (5.9 mln ton)
Full year 2014: - 29 VLCC’s, 8.1 mln tons - 41 Suezmaxes, 5.4 mln tons
Data until April
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Arbitrage volumes in VLCC’s and Suezmaxes over the last years
Import from Russia
Local production
Destination Asia-Pacific
2009 2010 2011 2012 2013 2014 Till April 2014
Till April 2015
# VLCC’s 16 35 32 39 30 29 10 21 # VLCC’s discharging crude 1st
11
31
23
31
14
20
6
9
Total HFO volume loaded in VLCC’s
3.8
8.7
8.2
9.7
8.3
8.1
2.8
5.9
2010 2011 2012 2013 2014 Till April 2014
Till April 2015
# Suezmaxes 5 22 36 39 41 13 19
# Suezmaxes discharging crude 1st
4
4
16
14
6
2
5
Total HFO volume loaded in Suezmaxes
0.7
2.4
4.6
4.7
5.4
1.7
2.6
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HFO bunker sales have stabilised in 2014
• There was a small increase in 2011
• Main cause of decrease has been slow steaming and other fuel efficiency gains
0
2.000.000
4.000.000
6.000.000
8.000.000
10.000.000
12.000.000
14.000.000
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
tons
Physical deliveries HFO Rotterdam
Bunker volume HFO
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MGO/MDO increase because of ECA’s
Increase in 2010 and 2014
Bunker sales in Q1 (2014 compared to 2015):
HFO: 2.64 mln to 2.05 mln ton
MGO+MDO: 136,000 to 422,000 ton
0
100.000
200.000
300.000
400.000
500.000
600.000
700.000
800.000
900.000
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Tons
Physical deliveries other bunkers Rotterdam
Lubes
MDO
MGO
Logo Sector-wide approach was set up to improve bunker sector
SIGNING CEREMONY
• 3 sector organisations + Port of R’dam Authority
• Focus on quality, quantity, transparancy & efficiency
• Various achievements, a.o.
• agreement on ‘black list’
• pilot on sampling
• Co-operation with international stakeholders to implement blacklist
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Debunkering
• Rules not clear in past years
• Agreement between all organisations involved regarding procedure
• Requests via Harbourmaster using standard De-bunker report and checklist
• De-bunkering report forwarded to other authorities
• As of january 2016 included in Rotterdam Port bye-laws.
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What will the future bring?
LNG Source: Stena
Source: DNV-GL
New container terminals
EU waters in 2020
Methanol
Scrubbers
Source: motorship.com
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Fuel your business
THANK YOU FOR YOUR ATTENTION!
Make it happen
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Ronald Backers Business Intelligence Liquid Bulk Mail: [email protected] Telephone: +31 6 5102 7876 Twitter: @ronaldbackers LinkedIn: nl.linkedin.com/in/ronaldbackers/