|SHIPPING RATES & BUNKERS ( 9:30am ET )|
|DIRTY TANKER (KT - $/day)||VOYAGE||SPOT TCE EARNINGS||2019 AVG. RATE|
|CLEAN TANKER (KT - $/day)||VOYAGE||SPOT TCE EARNINGS||2019 AVG. RATE|
|TIME CHARTER (KDWT)||1YR ECO RATE ($/day)||NEWBUILD PRICE ($M )||SECONDHAND 5YR PRICE ($M)|
|VLCC , 200+||31,000||93.0||67.0|
|US FLAG (KT - $/day)||VOYAGE||WEEKLY SPOT RATE||2019 AVG. RATE|
|LNG ($/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 ($/mt)||IFO 380||MDO|
Iran Hunts for More Ships to Keep Its Oil Flowing
Iran is discreetly scouring the globe for second-hand oil tankers to replace its ageing fleet and keep crucial crude exports flowing as US sanctions start to bite, Iranian and Western sources said.Reuters Mar. 13, 2019
In Private Talks, OPEC Warns Wall Street on NOPEC.
OPEC is sending a clear message to Wall Street banks and big investors: If Washington passes legislation that would allow the US government to sue the carte, the first victim will be shale.
Pakistan to Offer Gas Fields to Foreign Explorers, Investors: Official
A senior official said, with Islamabad hoping a sharp drop in militant violence and changes to exploration policy will attract foreign investors.
The US Imports and Exports Substantial Volumes of Petroleum
Total US gross petroleum trade (imports plus exports) have reached an all-time high of 17.5 million b/d in 2018. The result has been a growing role for the US in world petroleum trade.
|COMMODITIES, (8:30 am CT )|
|CRUDE||SOURCE||UNIT||LAST PRICE||Δ PRIOR DAY CLOSE|
|PRODUCTS||SOURCE||UNIT||LAST PRICE||Δ PRIOR DAY CLOSE|
|NATURAL GAS||SOURCE||UNIT||LAST PRICE||Δ PRIOR DAY CLOSE|
|US Henry Hub||NYMEX||$/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, ( 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|
|CURRENCIES||REGION/COUNTRY||LAST VALUE||Δ PRIOR DAY CLOSE|
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.
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.