| 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 | 257,300 | 61,600 |
| Suezmax, 130 | WAF-UKC | 142,100 | 44,800 |
| Aframax, 70 | CAR-USG | 48,200 | 61,900 |
| Panamax, 50 | CAR-USG | 46,400 | 50,800 |
| CLEAN TANKER (KT - $/day) | VOYAGE | SPOT TCE EARNINGS | 2020 AVG. RATE |
| MR, 37 | UKC-USAC | 28,900 | 20,200 |
| MR, 38 | USG-UKC | 21,800 | 14,900 |
| LR1, 55 | AG-FE | 35,300 | 13,600 |
| LR2, 75 | AG-FE | 48,500 | 20,000 |
| TIME CHARTER (KDWT) | 1YR ECO RATE ($/day) | NEWBUILD PRICE ($M ) | SECONDHAND 5YR PRICE ($M) |
| VLCC , 200+ | 70,000 | 92.0 | 77.5 |
| Suezmax, 130-200 | 45,000 | 61.0 | 54.5 |
| Aframax, 80-130 | 34,500 | 51.0 | 42.0 |
| LR2, 80-130 | 34,500 | 53.0 | 44.0 |
| 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 - $/day) | VOYAGE | WEEKLY SPOT RATE | 2020 AVG. RATE |
| Handy, 38 | USG-USAC | 68,173 | 68,300 |
| LNG ($/day) as of 13-Mar-2020 | WEEKLY SPOT RATE | CURRENT MONTH RATE | 2020 AVG. RATE |
| 160M3 Tri-fuel diesel electric (West) | 37,000 | 37,000 | 64,545 |
| 138-150M3 Steam turbine (West) | 30,000 | 30,000 | 50,818 |
| 160M3 Tri-fuel diesel electric (East) | 37,000 | 37,000 | 58,273 |
| 138-150M3 Steam turbine (East) | 30,000 | 30,000 | 45,091 |
| LPG (KT) | SPOT RATE ($/mt) | SPOT TCE RATE ($/day) | |
| VLGC, 44 (AG-Japan) | 58.19 | 49,303 | |
| BUNKERS ($/mt) | VLFSO | HSFO | MGO |
| US Gulf | 321.0 | 211.5 | 366 |
| Rotterdam | 257.5 | 188.5 | 317.5 |
| Singapore | 304.0 | 203.0 | 316 |
ENERGY NEWS
Oil near $30 as recession fears, pump war weigh. $30 as coronavirus spreads.
Oil traded near $30 a barrel on Tuesday, close to its lowest since 2016, and analysts said more declines may follow as the coronavirus pandemic hits demand and Saudi Arabia and Russia battle for market share.
Analysis: Oil price crash won’t alter LNG term deals landscape anytime soon.
Crude oil’s sudden price collapse may offer temporary breathing space to oil-linked term LNG buyers, but it won’t drastically alter the scope of LNG term contract negotiations unless those low price levels are sustained over a longer period, analysts told S&P Global Platts.
Chinese government further reduces port and cargo charges.
China’s Ministry of Transport and Ministry of Finance has issued notice of a reduction in port construction fees and payments to the ships oil pollution damage compensation fund for a period of six months.
Seatrade Maritime News March 17, 2020
Eastern Pacific targets profitable asset play with aframax sale.
Major Singapore-based shipowner Eastern Pacific Shipping is planning to sell the two most modern trading aframax tankers in its fleet.
| COMMODITIES, (8:30 am CT ) | ||||
| CRUDE | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| Brent | ICE | $/bbl | 29.78 | -0.27 |
| WTI | NYMEX | $/bbl | 28.77 | +0.07 |
| Dubai (Spot) | Reuters | $/bbl | 0.00 | - |
| PRODUCTS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| RBOB Gasoline | NYMEX | ₵/gal | 70.55 | +1.56 |
| Heating Oil | NYMEX | ₵/gal | 105.90 | +1.24 |
| NATURAL GAS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| US Henry Hub | NYMEX | $/MMBtu | 1.78 | -0.04 |
| UK National Balancing Point | ICE | $/MMBtu | 2.70 | -0.11 |
| NATURAL GAS LIQUIDS | SOURCE | LAST PRICE (₵/gal) | LAST PRICE ($/mt) | Δ PRIOR DAY CLOSE(₵/gal) |
| US Mont Belvieu Propane (Spot) | Reuters | 31.54 | 164.34 | -0.50 |
| PRICE SPREADS ($/bbl) | SOURCE | LAST PRICE | Δ PRIOR DAY CLOSE | |
| Brent 3-2-1 Crack | ICE | 0.25 | +0.83 | |
MARKETS
| MARKETS | ||||
| EQUITIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| S&P 500 | United States | 2,441.21 | +55.08 | |
| FTSE 100 | United Kingdom | 5,144.66 | -6.42 | |
| DAX | Germany | 8,842.61 | +100.36 | |
| SH Composite | China | 2,779.64 | -9.61 | |
| CURRENCIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| £/$ | United Kingdom | 1.21 | -0.02 | |
| €/$ | European Union | 1.10 | -0.02 | |
| $/JPY ¥ | Japan | 107.17 | +1.32 | |
| $/CNY ¥ | China | 7.01 | +0.02 | |
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