Apr. 15, 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 10,700 27,500
Suezmax, 130  WAF-UKC 17,500 14,100
Aframax, 70 CAR-USG -700 19,700
Panamax, 50  CAR-USG 11,100 20,500
       
CLEAN TANKER (KT - $/day) VOYAGE SPOT TCE EARNINGS 2019 AVG. RATE
MR, 37  UKC-USAC 14,900 13,300
MR, 38  USG-UKC 600 4,900
       
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 63,060 63,316
       
LNG ($/day) WEEKLY SPOT RATE CURRENT MONTH RATE 2019 AVG. RATE
160M3 Tri-fuel diesel electric (West) 43,000 42,500 56,533
138-150M3 Steam turbine (West) 30,000 27,000 39,867
160M3 Tri-fuel diesel electric (East) 39,000 38,500 53,933
138-150M3 Steam turbine (East) 26,000 24,000 38,267
       
LPG (KT) LAST POSTED SPOT RATE ($/mt) SPOT TCE RATE ($/day)  
VLGC, 44 (AG-Japan) 54.93 38,336  
       
BUNKERS ($/mt) IFO 380  MDO   
US Gulf 437.5 655.0  
Rotterdam 421.0 598.0  
Singapore 432.0 631.0  

ENERGY NEWS

Strikes Impact Shell's Pernis Oil Refinery but Extent Unclear 

Shell said earlier in the day that the unit had been shut. It later clarified that it had only repeated what the unions had said and would not comment on the status of the refiner.

Reuters Apr. 15, 2019

Credit Suisse Slashes Asian Lng Price Outlook

The outlook represents a discount of nearly 20% relative to where the forward market is pricing the region’s benchmark Japan/Korea Marker at USD 7.40/MMbtu.

Montel Apr. 15,  2019

OPEC Has a New Best Friend: Russia 

Putin has helped resolve conflicts within the cartel, giving the country considerable influence over oil markets.

WSJ Apr. 12, 2019

More Oil in the Pipeline 

U.S. oil production growth over these six years was similar to the total production of Canada and more than the total production of any OPEC country except for Saudi Arabia. The production growth has been so fast that the pipeline infrastructure had trouble keeping up.  

Tanker Opinion Apr. 12, 2019

COMMODITIES

COMMODITIES, (8:30 am CT )
         
CRUDE SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
Brent  ICE $/bbl 71.12 -0.43
WTI NYMEX $/bbl 63.10 -0.79
Dubai (Spot) Reuters $/bbl 70.67 +0.05
         
PRODUCTS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
RBOB Gasoline  NYMEX ₵/gal 202.13 -1.57
Heating Oil  NYMEX ₵/gal 206.24 -0.83
         
NATURAL GAS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
US Henry Hub  NYMEX $/MMBtu 2.61 -0.06
UK National Balancing Point ICE $/MMBtu 4.70 -0.29
         
NATURAL GAS  LIQUIDS SOURCE LAST PRICE (₵/gal) LAST PRICE ($/mt) Δ PRIOR DAY CLOSE(₵/gal)
US Mont Belvieu Propane (Spot) Reuters 66.75 347.77 -0.38
         
PRICE SPREADS ($/bbl) SOURCE LAST PRICE Δ PRIOR DAY CLOSE
Brent 3-2-1 Crack  ICE 12.79 -0.18

MARKETS

MARKETS, ( 8:30 am CT )
         
EQUITIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
S&P 500 United States 2,902.16 -5.25
FTSE 100 United Kingdom 7,428.92 -8.14
DAX Germany 12,013.69 +13.76
SH Composite China 3,177.79 -10.84
         
CURRENCIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
£/$ United Kingdom 1.31 +0.00
€/$ European Union 1.13 +0.00
$/JPY ¥ Japan 111.99 -0.03
$/CNY ¥ China 6.71 +0.00

MARKET ANALYSIS

  • LNG: At least eight vessels have been last week, all for single voyages ex all basins during April and May. In addition, several vessels are currently on subjects for single voyages loading during Q2 basis project structural needs and cargo awards. 

  • Asphalt: Gulf Coast retail asphalt amd flux prices increased again last week. Wholesale asphalt pricing were steady in the Gulf Coast, with flux prices slightly higher.

                                                       
                                                                                                                               POTEN EVENTS

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. 

September 17-19: Gas Tech Exhibition & Conference

 
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