Apr. 4, 2019 

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SHIPPING RATES & BUNKERS

SHIPPING RATES & BUNKERS ( 10:30am ET )
       
DIRTY TANKER (KT - $/day) VOYAGE SPOT TCE EARNINGS 2019 AVG. RATE
VLCC, 270   AG-FE 9,100 29,300
Suezmax, 130  WAF-UKC 6,500 14,300
Aframax, 70 CAR-USG -100 21,800
Panamax, 50  CAR-USG 12,900 21,500
       
CLEAN TANKER (KT - $/day) VOYAGE SPOT TCE EARNINGS 2019 AVG. RATE
MR, 37  UKC-USAC 15,300 13,100
MR, 38  USG-UKC 4,800 5,200
       
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 22,000 51.0 34.0
LR2, 80-130 22,750 53.0 35.0
LR1, 60-80 16,000 43.0 26.0
MR, 42-60 16,000 36.0 27.5
Handymax. 30-42 14,000 33.0 24.0
       
US FLAG (KT - $/day) VOYAGE WEEKLY SPOT RATE 2019 AVG. RATE
Handy, 38 USG-USAC 63,074 63,358
       
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) 48.93 31,862  
       
BUNKERS ($/mt) IFO 380  MDO   
US Gulf 418.5 646.0  
Rotterdam 410.5 576.0  
Singapore 433.5 615.5  

ENERGY NEWS

Trump to Meet China's Liu in a Sign Trade Talks Are Reaching Final Stages 

Liu returned to the U.S. Trade Representative’s office for a second day of talks on Thursday morning, where he was greeted by USTR Robert Lighthizer and Treasury Secretary Steven Mnuchin.

Bloomberg Apr. 4, 2019

Exclusive: South Korea Tests US Super Light Oil as Iran Waiver Uncertainty Grows - Sources

South Korea is one of Iran’s biggest Asian customers and was one of eight importers that received waivers to keep buying Iranian oil when the US re-imposed sanctions in November.

Reuters Apr. 4, 2019

Forces Advance on Libyan Capital, Threatening to Tip Key OPEC Oil Producer Into War

General Khalifa Haftar holds the nation's eastern oil terminals and his forces have moved south recently to secure Libya's oil fields.

CNBC Apr. 4, 2019

Power List 2019 Top Five: The Most Influential People in the Regional Oil and Gas Industry

We tally all of these up to rank those who have demonstrated leading behavior, leaving an impact on the regional market for the year, and for years to come.

Oil and Gas  Apr. 4, 2019

COMMODITIES

COMMODITIES, (8:30 am CT )
         
CRUDE SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
Brent  ICE $/bbl 69.44 +0.13
WTI NYMEX $/bbl 62.24 -0.22
Dubai (Spot) Reuters $/bbl 68.73 -0.31
         
PRODUCTS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
RBOB Gasoline  NYMEX ₵/gal 194.25 -0.87
Heating Oil  NYMEX ₵/gal 201.39 +0.71
         
NATURAL GAS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
US Henry Hub  NYMEX $/MMBtu 2.67 -0.01
UK National Balancing Point ICE $/MMBtu 4.64 +0.14
         
NATURAL GAS  LIQUIDS SOURCE LAST PRICE (₵/gal) LAST PRICE ($/mt) Δ PRIOR DAY CLOSE(₵/gal)
US Mont Belvieu Propane (Spot) Reuters 61.75 321.72 -2.25
         
PRICE SPREADS ($/bbl) SOURCE LAST PRICE Δ PRIOR DAY CLOSE
Brent 3-2-1 Crack  ICE 11.39 -0.40

MARKETS

MARKETS, ( 8:30 am CT )
         
EQUITIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
S&P 500 United States 2,878.66 +5.26
FTSE 100 United Kingdom 7,390.93 -27.35
DAX Germany 12,016.40 +62.00
SH Composite China 3,246.57 +30.28
         
CURRENCIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
£/$ United Kingdom 1.31 -0.01
€/$ European Union 1.12 -0.00
$/JPY ¥ Japan 111.53 +0.06
$/CNY ¥ China 6.72 +0.01

MARKET ANALYSIS

  • LNG: Overall shipping length has decreased last week in the East due to FOB cargo tenders ex Australia and Indonesia, with seven vessels prompt at time of writing. We expect for length to reduce further as discussions for multi-month and multi-year requirements are concluded and Charterers take delivery of these vessels during Q2 and Q3.

  • Asphalt: Last week, some prices rose in Missouri. Other Midwest retail markets are unchanged.

                                                       
                                                                                                                               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. 

 
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