March 25, 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 98,400 69,200
Suezmax, 130  WAF-UKC 48,000 47,000
Aframax, 70 CAR-USG 36,500 60,000
Panamax, 50  CAR-USG 41,100 50,300
       
CLEAN TANKER (KT - $/day) VOYAGE SPOT TCE EARNINGS 2020 AVG. RATE
MR, 37  UKC-USAC 25,900 20,900
MR, 38  USG-UKC 15,100 15,100
LR1, 55 AG-FE 35,200 15,800
LR2, 75 AG-FE 52,700 23,300
       
TIME CHARTER (KDWT) 1YR ECO RATE ($/day) NEWBUILD PRICE ($M ) SECONDHAND 5YR PRICE ($M)
VLCC , 200+ 57,500 92.0 77.5
Suezmax, 130-200 39,000 61.0 54.5
Aframax, 80-130 32,000 51.0 42.0
LR2, 80-130 32,000 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 68,166 68,289
       
LNG ($/day) as of 20-Mar-2020 WEEKLY SPOT RATE CURRENT MONTH RATE 2020 AVG. RATE
160M3 Tri-fuel diesel electric (West) 47,000 40,333 63,083
138-150M3 Steam turbine (West) 39,000 33,000 49,833
160M3 Tri-fuel diesel electric (East) 42,000 38,667 56,917
138-150M3 Steam turbine (East) 34,000 31,333 44,167
       
LPG (KT) SPOT RATE ($/mt) SPOT TCE RATE ($/day)  
VLGC, 44 (AG-Japan) 58.32 49,783  
       
BUNKERS ($/mt) VLFSO  HSFO  MGO
US Gulf 258.5 203.5 342.5
Rotterdam 238.5 179.5 302
Singapore 285.0 197.0 306

ENERGY NEWS

Oil prices slip as fuel demand sinks in most recent week.

Oil prices fell on Wednesday despite a massive pending U.S. economic stimulus package as the coronavirus pandemic sharply dented U.S. fuel demand in the latest week, with traders bracing for further declines.

Reuters March 25, 2020                                

ICS welcomes extension of EU exemption for container vessel sharing agreements.

The International Chamber of Shipping (ICS) has welcomed an extension of the EU Consortia Block Exemption Regulation (BER) for liner shipping until at least April 2024. 

Seatrade Maritime News March 25, 2020

Indian LNG importers issue force majeure notices as gas demand slumps - sources.

Indian liquefied natural gas (LNG) importers have issued force majeure notices to suppliers as domestic gas demand and port operations are hit by a nationwide lockdown to curb the spread of coronavirus, industry sources told Reuters.

Yahoo Finance March 25, 2020

 

China ports see ore and crude turnaround.

China's ports are seeing a turnaround in domestic iron ore and crude demand but expect a further hit in container volumes.

TradeWinds News March 25, 2020

COMMODITIES

COMMODITIES, (8:30 am CT )
         
CRUDE SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
Brent  ICE $/bbl 26.99 -0.16
WTI NYMEX $/bbl 24.07 +0.06
Dubai (Spot) Reuters $/bbl 0.00 -
         
PRODUCTS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
RBOB Gasoline  NYMEX ₵/gal 54.15 +9.78
Heating Oil  NYMEX ₵/gal 108.54 +0.51
         
NATURAL GAS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
US Henry Hub  NYMEX $/MMBtu 1.67 +0.01
UK National Balancing Point ICE $/MMBtu 2.48 -0.04
         
NATURAL GAS  LIQUIDS SOURCE LAST PRICE (₵/gal) LAST PRICE ($/mt) Δ PRIOR DAY CLOSE(₵/gal)
US Mont Belvieu Propane (Spot) Reuters 28.66 149.33 +1.50
         
PRICE SPREADS ($/bbl) SOURCE LAST PRICE Δ PRIOR DAY CLOSE
Brent 3-2-1 Crack  ICE -2.39 +3.32
         
 

 

MARKETS

MARKETS
         
EQUITIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
S&P 500 United States 2,461.05 +13.72
FTSE 100 United Kingdom 5,562.83 +116.82
DAX Germany 9,642.70 -57.87
SH Composite China 2,781.59 +59.15
         
CURRENCIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
£/$ United Kingdom 1.17 -0.00
€/$ European Union 1.08 +0.00
$/JPY ¥ Japan 111.52 +0.31
$/CNY ¥ China 7.11 +0.05
         
                                                       
            EVENTS

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