| 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.
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.
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.
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.
| 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 | |
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