| 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 | 14,000 | 64,500 |
| Suezmax, 130 | WAF-UKC | 23,800 | 51,100 |
| Aframax, 70 | CAR-USG | 22,200 | 88,300 |
| Panamax, 50 | CAR-USG | 27,200 | 63,300 |
| CLEAN TANKER (KT - $/day) | VOYAGE | SPOT TCE EARNINGS | 2020 AVG. RATE |
| MR, 37 | UKC-USAC | 14,300 | 18,800 |
| MR, 38 | USG-UKC | 7,100 | 18,500 |
| LR1, 55 | AG-FE | 8,800 | 11,300 |
| LR2, 75 | AG-FE | 11,000 | 17,600 |
| TIME CHARTER (KDWT) | 1YR ECO RATE ($/day) | NEWBUILD PRICE ($M ) | SECONDHAND 5YR PRICE ($M) |
| VLCC , 200+ | 49,000 | 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 | 31,000 | 53.0 | 43.0 |
| LR1, 60-80 | 21,000 | 43.0 | 33.0 |
| MR, 42-60 | 18,000 | 35.0 | 30.0 |
| Handymax. 30-42 | 17,000 | 33.0 | 24.0 |
| US FLAG (KT - $/day) | VOYAGE | WEEKLY SPOT RATE | 2020 AVG. RATE |
| Handy, 38 | USG-USAC | 70,192 | 68,585 |
| LNG ($/day) as of 31-Jan-2020 | WEEKLY SPOT RATE | CURRENT MONTH RATE | 2020 AVG. RATE |
| 160M3 Tri-fuel diesel electric (West) | 74,000 | 88,000 | 88,000 |
| 138-150M3 Steam turbine (West) | 60,000 | 69,800 | 75,000 |
| 160M3 Tri-fuel diesel electric (East) | 65,000 | 77,000 | 77,000 |
| 138-150M3 Steam turbine (East) | 50,000 | 60,000 | 60,000 |
| LPG (KT) | SPOT RATE ($/mt) | SPOT TCE RATE ($/day) | |
| VLGC, 44 (AG-Japan) | 75.36 | 57,866 | |
| BUNKERS ($/mt) | VLFSO | HSFO | MGO |
| US Gulf | 496.5 | 356.5 | 591 |
| Rotterdam | 463.5 | 297.0 | 539 |
| Singapore | 538.5 | 331.5 | 622.5 |
ENERGY NEWS
Oil prices fall as OPEC+ considers coronavirus action.
Oil futures gave up early gains on Thursday despite possible action from the OPEC+ group of producers to counter an expected fall in oil demand as a consequence of the coronavirus outbreak.
Global LNG supply glut seen sticking around for another two years.
LNG exporters were told Tuesday to brace for an oversupplied market and weaker than expected global demand depressing prices for their output for another two years, followed by a period of recovery and then renewed uncertainty around the middle of the decade.
Kawasaki Heavy debuts LPG fuel system.
LPG as a marine fuel continues to see plenty of design developments with class societies ABS and ClassNK having just granted approval in principle to Kawasaki Heavy Industries (KHI) for its new LPG fuel system
Analysts divided on scrubber pricing but united on rewards.
Investors will ultimately reward shipowners that have installed exhaust-gas scrubbers on their ships, two US-based equity analysts believe.
| COMMODITIES, (8:30 am CT ) | ||||
| CRUDE | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| Brent | ICE | $/bbl | 54.79 | -0.49 |
| WTI | NYMEX | $/bbl | 50.67 | -0.08 |
| Dubai (Spot) | Reuters | $/bbl | 0.00 | - |
| PRODUCTS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| RBOB Gasoline | NYMEX | ₵/gal | 147.94 | -0.69 |
| Heating Oil | NYMEX | ₵/gal | 164.78 | +0.24 |
| NATURAL GAS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| US Henry Hub | NYMEX | $/MMBtu | 1.86 | +0.00 |
| UK National Balancing Point | ICE | $/MMBtu | 2.89 | -0.08 |
| NATURAL GAS LIQUIDS | SOURCE | LAST PRICE (₵/gal) | LAST PRICE ($/mt) | Δ PRIOR DAY CLOSE(₵/gal) |
| US Mont Belvieu Propane (Spot) | Reuters | 37.75 | 196.68 | - |
| PRICE SPREADS ($/bbl) | SOURCE | LAST PRICE | Δ PRIOR DAY CLOSE | |
| Brent 3-2-1 Crack | ICE | 14.47 | +0.31 | |
MARKETS
| MARKETS | ||||
| EQUITIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| S&P 500 | United States | 3,341.66 | +6.97 | |
| FTSE 100 | United Kingdom | 7,515.11 | +32.63 | |
| DAX | Germany | 13,565.53 | +87.20 | |
| SH Composite | China | 2,866.51 | +48.42 | |
| CURRENCIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| £/$ | United Kingdom | 1.29 | -0.01 | |
| €/$ | European Union | 1.10 | -0.00 | |
| $/JPY ¥ | Japan | 109.96 | +0.16 | |
| $/CNY ¥ | China | 6.97 | -0.00 | |
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