Mar. 13, 2019 

Download PDF

SHIPPING RATES & BUNKERS

SHIPPING RATES & BUNKERS ( 9:30am ET )
       
DIRTY TANKER (KT - $/day) VOYAGE SPOT TCE EARNINGS 2019 AVG. RATE
VLCC, 270   AG-FE 35,400 30,800
Suezmax, 130  WAF-UKC 7,700 17,500
Aframax, 70 CAR-USG 6,300 26,500
Panamax, 50  CAR-USG 12,800 24,100
       
CLEAN TANKER (KT - $/day) VOYAGE SPOT TCE EARNINGS 2019 AVG. RATE
MR, 37  UKC-USAC 15,200 11,500
MR, 38  USG-UKC 800 6,000
       
TIME CHARTER (KDWT) 1YR ECO RATE ($/day) NEWBUILD PRICE ($M ) SECONDHAND 5YR PRICE ($M)
VLCC , 200+ 31,000 93.0 67.0
Suezmax, 130-200 25,000 61.5 50.0
Aframax, 80-130 20,000 51.0 34.0
LR2, 80-130 21,000 53.0 35.0
LR1, 60-80 16,000 43.0 26.0
MR, 42-60 15,500 36.0 27.5
Handymax. 30-42 13,500 33.0 24.0
       
US FLAG (KT - $/day) VOYAGE WEEKLY SPOT RATE 2019 AVG. RATE
Handy, 38 USG-USAC 60,992 63,555
       
LNG ($/day) WEEKLY SPOT RATE CURRENT MONTH RATE 2019 AVG. RATE
160M3 Tri-fuel diesel electric (West) 42,000 42,500 63,700
138-150M3 Steam turbine (West) 24,000 26,000 47,200
160M3 Tri-fuel diesel electric (East) 38,000 39,000 61,800
138-150M3 Steam turbine (East) 22,000 23,500 46,000
       
LPG (KT) LAST POSTED SPOT RATE ($/mt) SPOT TCE RATE ($/day)  
VLGC, 44 (AG-Japan) 31.36 11,738  
       
BUNKERS ($/mt) IFO 380  MDO   
US Gulf 426.0 643.0  
Rotterdam 417.0 585.5  
Singapore 441.0 622.0  

ENERGY NEWS

 

Iran Hunts for More Ships to Keep Its Oil Flowing 

Iran is discreetly scouring the globe for second-hand oil tankers to replace its ageing fleet and keep crucial crude exports flowing as US sanctions start to bite, Iranian and Western sources said.

Reuters Mar. 13, 2019

 

In Private Talks, OPEC Warns Wall Street on NOPEC.

OPEC is sending a clear message to Wall Street banks and big investors: If Washington passes legislation that would allow the US government to sue the carte, the first victim will be shale.

Bloomberg 13,2019

Pakistan to Offer Gas Fields to Foreign Explorers, Investors: Official

A senior official said, with Islamabad hoping a sharp drop in militant violence and changes to exploration policy will attract foreign investors.

Reuters Mar. 12, 2019

The US Imports and Exports Substantial Volumes of Petroleum 

Total US gross petroleum trade (imports plus exports) have reached an all-time high of 17.5 million b/d in 2018. The result has been a growing role for the US in world petroleum trade.

EIA Mar. 13, 2019

COMMODITIES

COMMODITIES, (8:30 am CT )
         
CRUDE SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
Brent  ICE $/bbl 67.10 +0.43
WTI NYMEX $/bbl 57.70 +0.83
Dubai (Spot) Reuters $/bbl 67.22 +0.10
         
PRODUCTS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
RBOB Gasoline  NYMEX ₵/gal 183.33 +1.78
Heating Oil  NYMEX ₵/gal 198.91 +0.34
         
NATURAL GAS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
US Henry Hub  NYMEX $/MMBtu 2.81 +0.02
UK National Balancing Point ICE $/MMBtu 5.20 -0.10
         
NATURAL GAS  LIQUIDS SOURCE LAST PRICE (₵/gal) LAST PRICE ($/mt) Δ PRIOR DAY CLOSE(₵/gal)
US Mont Belvieu Propane (Spot) Reuters 69.25 360.79 +0.25
         
PRICE SPREADS ($/bbl) SOURCE LAST PRICE Δ PRIOR DAY CLOSE
Brent 3-2-1 Crack  ICE 9.72 +0.29

MARKETS

MARKETS, ( 8:30 am CT )
         
EQUITIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
S&P 500 United States 2,791.52 +8.22
FTSE 100 United Kingdom 7,166.48 +15.33
DAX Germany 11,514.15 -10.02
SH Composite China 3,026.95 -33.36
         
CURRENCIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
£/$ United Kingdom 1.32 +0.01
€/$ European Union 1.13 +0.00
$/JPY ¥ Japan 111.33 -0.02
$/CNY ¥ China 6.71 -0.00

MARKET ANALYSIS

  • LNG: Although winter is drawing to a close in the northern hemisphere, and end-user demand decreasing, chartering activity continues at levels higher that where they were at  the beginning of the year. Given these are short voyages, however, headline rates yet to climb as vessels are not taken off the market for longer periods. As such, there is sufficient options for Charterers.

  • Asphalt: Last week, wholesale asphalt barge prices went higher, with flux barges steady on the East Coast.

                                                       
                                                                                                                               POTEN EVENTS

Apr. 5-7: LNGAsia Summit in Shanghai. Poten are Sponsors and Exhibitors. 

May 13-17: Flame LNG Event in Amsterdam. Poten are Sponsors and Exhibitors. 

June 24-27: 11th CWC World LNG & Gas Series: Asia Pacific Summit. Poten are Sponsors and Exhibitors. 

 
SUBSCRIBE NOW!