| SHIPPING RATES & BUNKERS ( 10:30am ET ) | |||
| DIRTY TANKER (KT - $/day) | VOYAGE | SPOT TCE EARNINGS | 2019 AVG. RATE |
| VLCC, 270 | AG-FE | 11,300 | 27,200 |
| Suezmax, 130 | WAF-UKC | 17,500 | 14,200 |
| Aframax, 70 | CAR-USG | -700 | 19,400 |
| Panamax, 50 | CAR-USG | 11,100 | 20,400 |
| CLEAN TANKER (KT - $/day) | VOYAGE | SPOT TCE EARNINGS | 2019 AVG. RATE |
| MR, 37 | UKC-USAC | 12,900 | 13,300 |
| MR, 38 | USG-UKC | 0 | 4,900 |
| TIME CHARTER (KDWT) | 1YR ECO RATE ($/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 | 36.0 |
| LR2, 80-130 | 22,750 | 53.0 | 37.0 |
| LR1, 60-80 | 16,000 | 43.0 | 30.0 |
| MR, 42-60 | 16,000 | 36.0 | 27.5 |
| Handymax. 30-42 | 14,000 | 34.0 | 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) | 56.71 | 40,663 | |
| BUNKERS ($/mt) | IFO 380 | MDO | |
| US Gulf | 438.0 | 656.0 | |
| Rotterdam | 421.0 | 603.0 | |
| Singapore | 433.0 | 629.5 | |
ENERGY NEWS
Upstart Russian Oil Firm, With Goldman Sachs Backing, Bucks Industry Blues
Irkutsk Oil Company (INK) has increased its crude production levels 30-fold over the past decade and has negotiated access to a pipeline network that allows it reach the Asian market.
BP and Schneider Electric Sign Five-Year Global Framework Agreement
The companies say this agreement will allow them to work together to reduce project risks, lower costs and increase efficiencies, while driving value, innovation and safety.
South Korean Lng Imports Tumble 20% in First Quarter
The world’s third largest importer of liquefied natural gas saw volumes decline to 10.37m tonnes in the first three months of the year, down 2.6m tonnes year on year.
In 2018, the US Consumed More Energy Than Ever Before
This increase in natural gas, along with relatively smaller increases in the consumption of petroleum fuels, renewable energy, and nuclear electric power, more than offset a 4% decline in coal consumption.
| COMMODITIES, (8:30 am CT ) | ||||
| CRUDE | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| Brent | ICE | $/bbl | 70.89 | -0.29 |
| WTI | NYMEX | $/bbl | 63.33 | -0.07 |
| Dubai (Spot) | Reuters | $/bbl | 70.53 | +0.17 |
| PRODUCTS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| RBOB Gasoline | NYMEX | ₵/gal | 200.13 | -1.05 |
| Heating Oil | NYMEX | ₵/gal | 206.01 | -0.09 |
| NATURAL GAS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| US Henry Hub | NYMEX | $/MMBtu | 2.58 | -0.01 |
| UK National Balancing Point | ICE | $/MMBtu | 4.73 | +0.04 |
| NATURAL GAS LIQUIDS | SOURCE | LAST PRICE (₵/gal) | LAST PRICE ($/mt) | Δ PRIOR DAY CLOSE(₵/gal) |
| US Mont Belvieu Propane (Spot) | Reuters | 64.50 | 336.05 | -2.25 |
| PRICE SPREADS ($/bbl) | SOURCE | LAST PRICE | Δ PRIOR DAY CLOSE | |
| Brent 3-2-1 Crack | ICE | 12.33 | -0.12 | |
MARKETS
| MARKETS, ( 8:30 am CT ) | ||||
| EQUITIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| S&P 500 | United States | 2,912.84 | +7.26 | |
| FTSE 100 | United Kingdom | 7,471.65 | +34.78 | |
| DAX | Germany | 12,101.46 | +81.18 | |
| SH Composite | China | 3,253.60 | +75.81 | |
| CURRENCIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| £/$ | United Kingdom | 1.31 | -0.00 | |
| €/$ | European Union | 1.13 | -0.00 | |
| $/JPY ¥ | Japan | 111.97 | -0.06 | |
| $/CNY ¥ | China | 6.71 | +0.00 | |
MARKET ANALYSIS
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LNG: In the East, there has been some fresh spot requirement activity last week while in the West, the focus has been on FOB cargo tenders ex Idku (04 cargoes in May) and Algeria (01 cargo in April). The four cargo tender ex Idku has since closed and could potentially generate further Chartering interest in the region.
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Asphalt: East Coast retail asphalt and flux prices mostly steady in the region last week.
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
