May 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 11,000 23,700
Suezmax, 130  WAF-UKC 8,200 13,300
Aframax, 70 CAR-USG 12,300 15,400
Panamax, 50  CAR-USG 14,400 18,600
       
CLEAN TANKER (KT - $/day) VOYAGE SPOT TCE EARNINGS 2019 AVG. RATE
MR, 37  UKC-USAC 5,200 12,800
MR, 38  USG-UKC 3,400 4,000
       
TIME CHARTER (KDWT) 1YR ECO RATE ($/day) NEWBUILD PRICE ($M ) SECONDHAND 5YR PRICE ($M)
VLCC , 200+ 33,000 93.0 67.0
Suezmax, 130-200 25,000 61.5 49.0
Aframax, 80-130 22,000 51.0 36.0
LR2, 80-130 22,750 53.0 37.0
LR1, 60-80 16,250 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 64,107 63,315
       
LNG ($/day) WEEKLY SPOT RATE CURRENT MONTH RATE 2019 AVG. RATE
160M3 Tri-fuel diesel electric (West) 53,000 48,500 54,263
138-150M3 Steam turbine (West) 35,000 33,000 38,053
160M3 Tri-fuel diesel electric (East) 49,000 44,000 51,316
138-150M3 Steam turbine (East) 30,000 28,000 35,895
       
LPG (KT) LAST POSTED SPOT RATE ($/mt) SPOT TCE RATE ($/day)  
VLGC, 44 (AG-Japan) 53.57 37,662  
       
BUNKERS ($/mt) IFO 380  MDO   
US Gulf 411.5 647.0  
Rotterdam 401.5 611.5  
Singapore 419.0 621.5  

ENERGY NEWS

IEA Cuts Oil Demand Outlook and Says Supply Shrank in April Due to Iran Sanctions

The report also revealed a global supply drop in April of 300,000 bpd, led by Iran, Azerbaijan, Kazakhstan and Canada.

CNBC  May 15, 2019

The Middle East Energy Awards to Honour the Best Logistics Service Providers

The move towards greater digitalisation is transforming energy industry supply chains, creating new opportunities to make them more agile, resilient, faster and efficient.

Oil and Gas May 15, 2019

Asia Oil Buyers, Shippers Go on Alert After Saudi Ship, Facility Attacks

Asian shippers and refiners have put ships heading to the Middle East on alert and are expecting a possible rise in marine insurance premiums after recent attacks on Saudi oil tankers and pipeline facilities.

Reuters May 15, 2019

In Limbo: The Dirty Russian Oil No One Wants to Pay for

The bills are due for millions of barrels of contaminated Russian oil that have been stuck for weeks in pipelines from Belarus to Germany - but no one wants to pay.

Reuters May 15, 2019

COMMODITIES

COMMODITIES, (8:30 am CT )
         
CRUDE SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
Brent  ICE $/bbl 71.08 -0.16
WTI NYMEX $/bbl 61.35 -0.43
Dubai (Spot) Reuters $/bbl 70.84 -0.61
         
PRODUCTS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
RBOB Gasoline  NYMEX ₵/gal 197.61 -0.06
Heating Oil  NYMEX ₵/gal 206.64 +0.75
         
NATURAL GAS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
US Henry Hub  NYMEX $/MMBtu 2.62 -0.04
UK National Balancing Point ICE $/MMBtu 4.11 -0.03
         
NATURAL GAS  LIQUIDS SOURCE LAST PRICE (₵/gal) LAST PRICE ($/mt) Δ PRIOR DAY CLOSE(₵/gal)
US Mont Belvieu Propane (Spot) Reuters 62.38 325.00 -0.62
         
PRICE SPREADS ($/bbl) SOURCE LAST PRICE Δ PRIOR DAY CLOSE
Brent 3-2-1 Crack  ICE 10.79 +0.13

MARKETS

MARKETS, ( 8:30 am CT )
         
EQUITIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
S&P 500 United States 2,819.94 -14.47
FTSE 100 United Kingdom 7,251.86 +10.26
DAX Germany 11,905.54 -86.08
SH Composite China 2,938.68 +55.07
         
CURRENCIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
£/$ United Kingdom 1.28 -0.01
€/$ European Union 1.12 -0.00
$/JPY ¥ Japan 109.35 -0.24
$/CNY ¥ China 6.88 +0.00

MARKET ANALYSIS

  • LNG: In addition to the increase in firm opportunities surfacing for Owners, Traders continue to engage Owners with shipping interest (both for single and multi-month coverage) regarding both FOB/DES cargo tenders in all regions.

  • Asphalt:  Wholesale asphalt barge pricing was notably higher, with flux prices flat on the East Coast. Some Midwest retail prices rise modestly last  week.

                                                       
                                                                                                                               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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