| SHIPPING RATES & BUNKERS ( 10:30am ET ) Spot TCE earnings for vessels using compliant fuel (no scrubbers) | |||
| DIRTY TANKER (KT - $/day) | VOYAGE | SPOT TCE EARNINGS | 2020 AVG. RATE |
| VLCC, 270 | AG-FE | 60,800 | 92,100 |
| Suezmax, 130 | WAF-UKC | 54,400 | 62,200 |
| Aframax, 70 | CAR-USG | 135,000 | 125,100 |
| Panamax, 50 | CAR-USG | 71,800 | 71,400 |
| CLEAN TANKER (KT - $/day) | VOYAGE | SPOT TCE EARNINGS | 2020 AVG. RATE |
| MR, 37 | UKC-USAC | 17,700 | 21,400 |
| MR, 38 | USG-UKC | 22,600 | 15,800 |
| LR1, 55 | AG-FE | 14,200 | 16,500 |
| LR2, 75 | AG-FE | 18,400 | 26,400 |
| TIME CHARTER (KDWT) | 1YR ECO RATE ($/day) | NEWBUILD PRICE ($M ) | SECONDHAND 5YR PRICE ($M) |
| VLCC , 200+ | 53,500 | 92.0 | 76.5 |
| Suezmax, 130-200 | 39,000 | 61.0 | 54.0 |
| Aframax, 80-130 | 28,500 | 51.0 | 41.0 |
| LR2, 80-130 | 28,500 | 53.0 | 43.0 |
| LR1, 60-80 | 21,000 | 43.0 | 33.0 |
| MR, 42-60 | 19,000 | 35.0 | 30.0 |
| Handymax. 30-42 | 17,000 | 33.0 | 24.0 |
| US FLAG (KT - $/day) | VOYAGE | WEEKLY SPOT RATE | 2020 AVG. RATE |
| Handy, 38 | USG-USAC | 69,232 | 66,700 |
| LNG ($/day) as of 10-Jan-2020 | WEEKLY SPOT RATE | CURRENT MONTH RATE | 2020 AVG. RATE |
| 160M3 Tri-fuel diesel electric (West) | 95,000 | 94,000 | 94,000 |
| 138-150M3 Steam turbine (West) | 75,000 | 75,000 | 75,000 |
| 160M3 Tri-fuel diesel electric (East) | 82,000 | 83,500 | 83,500 |
| 138-150M3 Steam turbine (East) | 65,000 | 65,000 | 66,500 |
| LPG (KT) | SPOT RATE ($/mt) | SPOT TCE RATE ($/day) | |
| VLGC, 44 (AG-Japan) | 69.93 | 43,750 | |
| BUNKERS ($/mt) | VLFSO | HSFO | MGO |
| US Gulf | 583.5 | 341.5 | 629 |
| Rotterdam | 541.5 | 306.5 | 577.5 |
| Singapore | 672.0 | 360.5 | 693 |
ENERGY NEWS
Oil gains on U.S.-China deal, but IEA forecast pressures prices.
Oil rose on Thursday as the long-awaited Phase 1 trade deal between the United States and China brought some relief to markets, but the gains were capped after the International 7Energy Agency said it expected oil production to outpace demand.
China's U.S. crude buying binge to set off global sweet oil shake-up.
Sharply higher Chinese purchases of U.S. energy products as part of the China-U.S. trade deal will shake up global crude oil trade flows if American supplies squeeze rival crudes out of the top oil import market, trade sources said.
Maritime industry companies partner to develop ammonia-fuelled tanker.
Major companies in the shipping industry have partnered to develop an ammonia-powered tanker to reduce carbon emissions. MISC Berhad, Samsung Heavy Industries (SHI), Lloyd’s Register and MAN Energy Solutions have also joined the project.
Subsidised LPG prices rise 13% in 6 months.
State oil companies raised prices of subsidised cooking gas by nearly Rs 30 a cylinder in August and raised it by another Rs 32 in the five months that followed.
| COMMODITIES, (8:30 am CT ) | ||||
| CRUDE | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| Brent | ICE | $/bbl | 64.54 | +0.54 |
| WTI | NYMEX | $/bbl | 58.40 | +0.59 |
| Dubai (Spot) | Reuters | $/bbl | 0.00 | - |
| PRODUCTS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| RBOB Gasoline | NYMEX | ₵/gal | 164.34 | +0.66 |
| Heating Oil | NYMEX | ₵/gal | 187.38 | -0.41 |
| NATURAL GAS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| US Henry Hub | NYMEX | $/MMBtu | 2.15 | +0.03 |
| UK National Balancing Point | ICE | $/MMBtu | 3.77 | -0.07 |
| NATURAL GAS LIQUIDS | SOURCE | LAST PRICE (₵/gal) | LAST PRICE ($/mt) | Δ PRIOR DAY CLOSE(₵/gal) |
| US Mont Belvieu Propane (Spot) | Reuters | 43.00 | 224.03 | -1.63 |
| PRICE SPREADS ($/bbl) | SOURCE | LAST PRICE | Δ PRIOR DAY CLOSE | |
| Brent 3-2-1 Crack | ICE | 5.03 | -0.24 | |
MARKETS
| MARKETS | ||||
| EQUITIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| S&P 500 | United States | 3,306.77 | +17.48 | |
| FTSE 100 | United Kingdom | 7,602.94 | -39.86 | |
| DAX | Germany | 13,421.01 | -11.29 | |
| SH Composite | China | 3,074.08 | -15.96 | |
| CURRENCIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| £/$ | United Kingdom | 1.31 | +0.00 | |
| €/$ | European Union | 1.11 | -0.00 | |
| $/JPY ¥ | Japan | 110.12 | +0.24 | |
| $/CNY ¥ | China | 6.88 | -0.01 | |
Feb 10-12: LNGA 2020
Feb 12 - 14: Platts LNG
Feb 12-14: Future Energy Asia
Feb 19-20: South Asia LPG Expo
Feb 25-26: LNGgc Asia
Feb 25-26: LNG USA Summit