| 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 | 44,300 | 76,100 |
| Suezmax, 130 | WAF-UKC | 39,500 | 56,700 |
| Aframax, 70 | CAR-USG | 51,400 | 107,800 |
| Panamax, 50 | CAR-USG | 64,300 | 68,800 |
| CLEAN TANKER (KT - $/day) | VOYAGE | SPOT TCE EARNINGS | 2020 AVG. RATE |
| MR, 37 | UKC-USAC | 18,400 | 19,800 |
| MR, 38 | USG-UKC | 21,300 | 19,400 |
| LR1, 55 | AG-FE | 3,400 | 12,500 |
| LR2, 75 | AG-FE | 6,200 | 20,400 |
| TIME CHARTER (KDWT) | 1YR ECO RATE ($/day) | NEWBUILD PRICE ($M ) | SECONDHAND 5YR PRICE ($M) |
| VLCC , 200+ | 50,500 | 92.0 | 76.5 |
| Suezmax, 130-200 | 41,000 | 61.0 | 54.0 |
| Aframax, 80-130 | 31,000 | 51.0 | 41.0 |
| LR2, 80-130 | 31,000 | 53.0 | 43.0 |
| LR1, 60-80 | 21,000 | 43.0 | 33.0 |
| MR, 42-60 | 18,500 | 35.0 | 30.0 |
| Handymax. 30-42 | 17,000 | 33.0 | 24.0 |
| US FLAG (KT - $/day) | VOYAGE | WEEKLY SPOT RATE | 2020 AVG. RATE |
| Handy, 38 | USG-USAC | 69,501 | 68,245 |
| LNG ($/day) as of 24-Jan-2020 | WEEKLY SPOT RATE | CURRENT MONTH RATE | 2020 AVG. RATE |
| 160M3 Tri-fuel diesel electric (West) | 85,000 | 91,500 | 91,500 |
| 138-150M3 Steam turbine (West) | 67,000 | 72,250 | 72,250 |
| 160M3 Tri-fuel diesel electric (East) | 73,000 | 80,000 | 80,000 |
| 138-150M3 Steam turbine (East) | 55,000 | 62,500 | 62,500 |
| LPG (KT) | SPOT RATE ($/mt) | SPOT TCE RATE ($/day) | |
| VLGC, 44 (AG-Japan) | 79.74 | 60,483 | |
| BUNKERS ($/mt) | VLFSO | HSFO | MGO |
| US Gulf | 558.0 | 351.0 | 606 |
| Rotterdam | 491.0 | 289.5 | 543.5 |
| Singapore | 593.0 | 342.0 | 657.5 |
ENERGY NEWS
Oil mixed amid virus fears and talk of OPEC cut extension.
Oil prices were mixed on Wednesday as worries about the impact of the coronavirus outbreak on demand were offset by talk that OPEC could extend oil output cuts.
Demolition Market Off to a Good Start.
Ship owners have been more active in the demolition market this week, as freight rates have retreated in most markets, triggering an exodus of older units.
Coronavirus poses grave threats — and they are not just financial.
Financial pressure from weaker Chinese demand is real, but shipping companies should also increase containment efforts and ensure proper healthcare for seafarers.
LNG’s Wintry Price Plunge Boosts Possibility of U.S. Terminal Shut-Ins Later in Year.
Liquefied natural gas (LNG) prices are trading near unprecedented lows, cratering at the height of winter in the northern hemisphere and again raising the possibility of shut-in exports later this year along the Gulf Coast.
| COMMODITIES, (8:30 am CT ) | ||||
| CRUDE | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| Brent | ICE | $/bbl | 59.86 | +0.35 |
| WTI | NYMEX | $/bbl | 53.41 | -0.07 |
| Dubai (Spot) | Reuters | $/bbl | 0.00 | - |
| PRODUCTS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| RBOB Gasoline | NYMEX | ₵/gal | 152.48 | +2.16 |
| Heating Oil | NYMEX | ₵/gal | 171.58 | -0.01 |
| NATURAL GAS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| US Henry Hub | NYMEX | $/MMBtu | 1.89 | -0.04 |
| UK National Balancing Point | ICE | $/MMBtu | 3.48 | -0.19 |
| NATURAL GAS LIQUIDS | SOURCE | LAST PRICE (₵/gal) | LAST PRICE ($/mt) | Δ PRIOR DAY CLOSE(₵/gal) |
| US Mont Belvieu Propane (Spot) | Reuters | 40.25 | 209.70 | +1.25 |
| PRICE SPREADS ($/bbl) | SOURCE | LAST PRICE | Δ PRIOR DAY CLOSE | |
| Brent 3-2-1 Crack | ICE | 4.66 | +0.57 | |
MARKETS
| MARKETS | ||||
| EQUITIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| S&P 500 | United States | 3,282.53 | +6.29 | |
| FTSE 100 | United Kingdom | 7,479.71 | -0.98 | |
| DAX | Germany | 13,328.56 | +4.87 | |
| SH Composite | China | 0.00 | *SH Composite Closed | |
| CURRENCIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| £/$ | United Kingdom | 1.30 | -0.00 | |
| €/$ | European Union | 1.10 | -0.00 | |
| $/JPY ¥ | Japan | 109.16 | +0.03 | |
| $/CNY ¥ | China | 6.94 | - | |
Feb 4-5: American Gas Forum
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