| 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 | 16,700 | 58,100 |
| Suezmax, 130 | WAF-UKC | 30,700 | 48,200 |
| Aframax, 70 | CAR-USG | 33,900 | 81,000 |
| Panamax, 50 | CAR-USG | 38,300 | 59,800 |
| CLEAN TANKER (KT - $/day) | VOYAGE | SPOT TCE EARNINGS | 2020 AVG. RATE |
| MR, 37 | UKC-USAC | 18,000 | 18,900 |
| MR, 38 | USG-UKC | 6,100 | 17,000 |
| LR1, 55 | AG-FE | 7,900 | 10,900 |
| LR2, 75 | AG-FE | 8,700 | 16,600 |
| TIME CHARTER (KDWT) | 1YR ECO RATE ($/day) | NEWBUILD PRICE ($M ) | SECONDHAND 5YR PRICE ($M) |
| VLCC , 200+ | 42,500 | 92.0 | 76.5 |
| Suezmax, 130-200 | 36,500 | 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 | 16,500 | 33.0 | 24.0 |
| US FLAG (KT - $/day) | VOYAGE | WEEKLY SPOT RATE | 2020 AVG. RATE |
| Handy, 38 | USG-USAC | 70,016 | 68,824 |
| LNG ($/day) as of 7-Feb-2020 | WEEKLY SPOT RATE | CURRENT MONTH RATE | 2020 AVG. RATE |
| 160M3 Tri-fuel diesel electric (West) | 60,000 | 60,000 | 83,333 |
| 138-150M3 Steam turbine (West) | 45,000 | 45,000 | 65,667 |
| 160M3 Tri-fuel diesel electric (East) | 55,000 | 55,000 | 73,333 |
| 138-150M3 Steam turbine (East) | 40,000 | 40,000 | 56,667 |
| LPG (KT) | SPOT RATE ($/mt) | SPOT TCE RATE ($/day) | |
| VLGC, 44 (AG-Japan) | 73.30 | 55,969 | |
| BUNKERS ($/mt) | VLFSO | HSFO | MGO |
| US Gulf | 490.5 | 352.0 | 593 |
| Rotterdam | 462.0 | 284.5 | 540.5 |
| Singapore | 522.0 | 318.0 | 536 |
ENERGY NEWS
Oil rises 3% as demand worries ease amid fewer new coronavirus cases.
Oil prices rose 3% on Wednesday as China reported its lowest daily number of new coronavirus cases since late January, stoking investor hopes that fuel demand in the world’s second-largest oil consumer may begin to recover.
Analysis: LNG market turmoil to worsen as coronavirus impact deepens.
The impact of China’s coronavirus outbreak on LNG market is expected to worsen in coming weeks as economic activity in key manufacturing hubs struggles to rebound, keeping a lid on natural gas demand and triggering more LNG trade flow disruptions.
Coronavirus - ‘dark clouds on horizon for tanker market’.
The importance of Chinese demand in the long-haul VLCC sector, and the potential impact of the Wuhan coronavirus, is casting shadows over the entire tanker market.
Formosa embarks on major scrubber programme.
Formosa Plastics Marine Corp (FPMC) has embarked on a large scrubber retrofitting programme while selling non-eco ships, according to sources familiar with the company.
| COMMODITIES, (8:30 am CT ) | ||||
| CRUDE | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| Brent | ICE | $/bbl | 55.70 | +1.69 |
| WTI | NYMEX | $/bbl | 51.22 | +1.28 |
| Dubai (Spot) | Reuters | $/bbl | 0.00 | - |
| PRODUCTS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| RBOB Gasoline | NYMEX | ₵/gal | 156.95 | +5.53 |
| Heating Oil | NYMEX | ₵/gal | 167.10 | +4.43 |
| NATURAL GAS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| US Henry Hub | NYMEX | $/MMBtu | 1.83 | +0.04 |
| UK National Balancing Point | ICE | $/MMBtu | 2.70 | +0.03 |
| NATURAL GAS LIQUIDS | SOURCE | LAST PRICE (₵/gal) | LAST PRICE ($/mt) | Δ PRIOR DAY CLOSE(₵/gal) |
| US Mont Belvieu Propane (Spot) | Reuters | 37.25 | 194.07 | -0.38 |
| PRICE SPREADS ($/bbl) | SOURCE | LAST PRICE | Δ PRIOR DAY CLOSE | |
| Brent 3-2-1 Crack | ICE | 16.15 | +0.24 | |
MARKETS
| MARKETS | ||||
| EQUITIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| S&P 500 | United States | 3,376.25 | +18.50 | |
| FTSE 100 | United Kingdom | 7,532.23 | +32.79 | |
| DAX | Germany | 13,744.28 | +116.44 | |
| SH Composite | China | 2,926.90 | +25.22 | |
| CURRENCIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| £/$ | United Kingdom | 1.30 | +0.00 | |
| €/$ | European Union | 1.09 | -0.00 | |
| $/JPY ¥ | Japan | 110.00 | +0.23 | |
| $/CNY ¥ | China | 6.97 | +0.01 | |
Feb 12 - 14: 19th Annual Platts LNG Houston
Feb 12-14: Future Energy Asia
Feb 19-20: South Asia LPG Expo
Feb 25-26: LNGgc Asia
Feb 25-26: LNG USA Summit