Platts has extended its pricing for ethanol from FOB Rotterdam to FOB ARA (Amsterdam-Rotterdam-Antwerp), effective 1 May 2018. This means additional charges on the storage and transhipment of ethanol in Amsterdam have been discontinued and that Port of Amsterdam is now able to charge the same prices as Port of Rotterdam. This enables Amsterdam to fully compete in the global ethanol market.
This is excellent news, particularly for liquid bulk-handling company NWB, which stores ethanol and bioethanol and which will now be able to improve its market position. The change in pricing required substantial lobbying efforts with Platts on the part of NWB and Port of Amsterdam. Amsterdam has been listed in the Platts daily price quotations for ethanol since April 2017. The recent investment in the new NWB pier has increased the terminal’s capacity, and it can now accommodate larger ships carrying ethanol. This has created new opportunities in the growing market segment of biofuels.
Platts is a leading global provider of energy, petrochemicals, metals and agriculture information and a premier source of benchmark prices for the physical and futures markets. The company serves customers operating in energy markets across more than 150 countries.
Press Release: portofamsterdam.com
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