February 13, 2020 

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SHIPPING RATES & BUNKERS

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 15,300 56,800
Suezmax, 130  WAF-UKC 30,500 47,600
Aframax, 70 CAR-USG 45,400 79,800
Panamax, 50  CAR-USG 35,500 59,000
       
CLEAN TANKER (KT - $/day) VOYAGE SPOT TCE EARNINGS 2020 AVG. RATE
MR, 37  UKC-USAC 17,400 18,800
MR, 38  USG-UKC 6,000 16,700
LR1, 55 AG-FE 7,800 10,800
LR2, 75 AG-FE 9,600 16,400
       
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) 71.88 54,374  
       
BUNKERS ($/mt) VLFSO  HSFO  MGO
US Gulf 492.0 352.5 595
Rotterdam 468.0 285.5 546
Singapore 526.0 320.0 539

ENERGY NEWS

Oil demand set for first fall in a decade as virus takes toll: IEA.

 Oil demand is set to fall this quarter for the first time since the financial crisis in 2009 due to the coronavirus outbreak in China, the International Energy Agency (IEA) said on Thursday.     

Reuters February 13, 2020                                

Coronavirus to Hit Chinese LNG Imports, Global Market.

Uncertainty and disruptions associated with the Covid-19 outbreak in China continue to dog the global LNG markets. Globally, spot LNG prices remain low as the markets work through significant disruptions or cargoes that are scheduled to go to China through March and beyond.                                     

 Poten & Partners February 13, 2020

China’s Coronavirus to decrease Chiense LPG demand by more than 2 MMt in 2020.

The novel coronavirus (COVID-19) outbreak is having a significant effect on Chinese LPG market which is expected to decrease LPG demand by 3% for the year when compared to Poten's previous forecast in January.  .

Poten & Partners February 13, 2020

 

Eastern Pacific Shipping mulls suezmax tankers order in China.

Eastern Pacific Shipping is to add suezmax tankers to its growing fleet as its appetite for newbuildings continues unabated. The Singapore-based outfit is said to be in discussions for a pair of 158,000-dwt crude oil tankers at Shanghai Waigaoqiao Shipbuilding (SWS). 

 TradeWinds February 13, 2020

COMMODITIES

COMMODITIES, (8:30 am CT )
         
CRUDE SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
Brent  ICE $/bbl 56.05 +0.26
WTI NYMEX $/bbl 51.47 +0.30
Dubai (Spot) Reuters $/bbl 0.00 -
         
PRODUCTS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
RBOB Gasoline  NYMEX ₵/gal 159.33 +1.23
Heating Oil  NYMEX ₵/gal 168.90 +1.33
         
NATURAL GAS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
US Henry Hub  NYMEX $/MMBtu 1.86 +0.02
UK National Balancing Point ICE $/MMBtu 2.61 -0.08
         
NATURAL GAS  LIQUIDS SOURCE LAST PRICE (₵/gal) LAST PRICE ($/mt) Δ PRIOR DAY CLOSE(₵/gal)
US Mont Belvieu Propane (Spot) Reuters 38.50 200.59 +1.25
         
PRICE SPREADS ($/bbl) SOURCE LAST PRICE Δ PRIOR DAY CLOSE
Brent 3-2-1 Crack  ICE 16.60 -0.02
         

MARKETS

MARKETS
         
EQUITIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
S&P 500 United States 3,379.45 +21.70
FTSE 100 United Kingdom 7,429.28 -105.09
DAX Germany 13,702.84 -46.94
SH Composite China 2,906.07 -20.83
         
CURRENCIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
£/$ United Kingdom 1.30 +0.01
€/$ European Union 1.09 -0.00
$/JPY ¥ Japan 109.80 -0.28
$/CNY ¥ China 6.98 +0.01
         
                                                       
            EVENTS

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