| 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 | 31,400 | 45,100 |
| Suezmax, 130 | WAF-UKC | 25,200 | 39,700 |
| Aframax, 70 | CAR-USG | 30,000 | 64,400 |
| Panamax, 50 | CAR-USG | 39,200 | 51,900 |
| CLEAN TANKER (KT - $/day) | VOYAGE | SPOT TCE EARNINGS | 2020 AVG. RATE |
| MR, 37 | UKC-USAC | 25,600 | 19,700 |
| MR, 38 | USG-UKC | 16,900 | 14,200 |
| LR1, 55 | AG-FE | 22,400 | 11,600 |
| LR2, 75 | AG-FE | 31,500 | 17,300 |
| TIME CHARTER (KDWT) | 1YR ECO RATE ($/day) | NEWBUILD PRICE ($M ) | SECONDHAND 5YR PRICE ($M) |
| VLCC , 200+ | 38,000 | 92.0 | 75.5 |
| Suezmax, 130-200 | 32,500 | 61.0 | 53.0 |
| Aframax, 80-130 | 24,500 | 51.0 | 41.0 |
| LR2, 80-130 | 24,500 | 53.0 | 43.0 |
| LR1, 60-80 | 19,500 | 43.0 | 32.0 |
| MR, 42-60 | 16,750 | 35.0 | 30.0 |
| Handymax. 30-42 | 16,500 | 33.0 | 24.0 |
| US FLAG (KT - $/day) | VOYAGE | WEEKLY SPOT RATE | 2020 AVG. RATE |
| Handy, 38 | USG-USAC | 65,041 | 68,312 |
| LNG ($/day) as of 06-Mar-2020 | WEEKLY SPOT RATE | CURRENT MONTH RATE | 2020 AVG. RATE |
| 160M3 Tri-fuel diesel electric (West) | 37,000 | 37,000 | 67,300 |
| 138-150M3 Steam turbine (West) | 30,000 | 30,000 | 52,900 |
| 160M3 Tri-fuel diesel electric (East) | 37,000 | 37,000 | 60,400 |
| 138-150M3 Steam turbine (East) | 30,000 | 30,000 | 46,600 |
| LPG (KT) | SPOT RATE ($/mt) | SPOT TCE RATE ($/day) | |
| VLGC, 44 (AG-Japan) | 58.95 | 44,239 | |
| BUNKERS ($/mt) | VLFSO | HSFO | MGO |
| US Gulf | 440.5 | 304.0 | 448 |
| Rotterdam | 379.0 | 248.5 | 415.5 |
| Singapore | 415.5 | 243.0 | 429 |
ENERGY NEWS
Oil plunges to lowest since 2017 after Russia rejects steep OPEC cut.
Oil prices lost as much as a third of their value on Monday in their biggest daily rout since the 1991 Gulf War as Saudi Arabia and Russia signalled they would hike output in a market already awash with crude after their three-year supply pact collapsed.
Tellurian lays off nearly half of its workers, shuffles executives.
Houston liquefied natural gas company Tellurian is laying off 70 workers, about 40 percent of its 176 employees, and shuffling executives amid tightening market conditions for the industry.
US Floating storage could support weak tanker market.
With global oil demand now significantly lower than anyone expected just a few weeks ago, oversupply could well push oil prices down further and this could lead to a build-up in floating storage, according to analysis from New York broker Poten & Partners.
Seatrade Maritime News March 9, 2020
Tankers and boxships replace bulkers as Greek-controlled fleet continues pause in growth.
The size of the Greek-controlled fleet remained broadly unchanged for the second year in a row, after a growth spurt that saw it rise by nearly third between between 2013 and 2018. The fleet numbered 3,968 ships or a total of nearly 341m dwt, according to data as of 2 March compiled by IHS Markit.
| COMMODITIES, (8:30 am CT ) | ||||
| CRUDE | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| Brent | ICE | $/bbl | 36.52 | -8.75 |
| WTI | NYMEX | $/bbl | 33.48 | -7.80 |
| Dubai (Spot) | Reuters | $/bbl | 0.00 | - |
| PRODUCTS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| RBOB Gasoline | NYMEX | ₵/gal | 118.41 | -20.49 |
| Heating Oil | NYMEX | ₵/gal | 119.52 | -19.00 |
| NATURAL GAS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| US Henry Hub | NYMEX | $/MMBtu | 1.69 | -0.02 |
| UK National Balancing Point | ICE | $/MMBtu | 2.86 | +0.03 |
| NATURAL GAS LIQUIDS | SOURCE | LAST PRICE (₵/gal) | LAST PRICE ($/mt) | Δ PRIOR DAY CLOSE(₵/gal) |
| US Mont Belvieu Propane (Spot) | Reuters | 36.64 | 190.89 | -1.86 |
| PRICE SPREADS ($/bbl) | SOURCE | LAST PRICE | Δ PRIOR DAY CLOSE | |
| Brent 3-2-1 Crack | ICE | 13.31 | +0.57 | |
MARKETS
| MARKETS | ||||
| EQUITIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| S&P 500 | United States | 2,807.38 | -164.99 | |
| FTSE 100 | United Kingdom | 6,039.78 | -422.77 | |
| DAX | Germany | 10,752.08 | -789.79 | |
| SH Composite | China | 2,943.29 | -91.22 | |
| CURRENCIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| £/$ | United Kingdom | 1.31 | +0.01 | |
| €/$ | European Union | 1.14 | +0.01 | |
| $/JPY ¥ | Japan | 102.33 | -2.97 | |
| $/CNY ¥ | China | 6.94 | +0.01 | |
Mar 9-11: OPES 2020