July 19, 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 13,300 21,500
Suezmax, 130  WAF-UKC 9,100 12,700
Aframax, 70 CAR-USG 2,200 13,600
Panamax, 50  CAR-USG 10,000 15,900
       
CLEAN TANKER (KT - $/day) VOYAGE SPOT TCE EARNINGS 2019 AVG. RATE
MR, 37  UKC-USAC 4,000 11,500
MR, 38  USG-UKC -1,300 3,600
       
TIME CHARTER (KDWT) 1YR ECO RATE ($/day) NEWBUILD PRICE ($M ) SECONDHAND 5YR PRICE ($M)
VLCC , 200+ 35,000 93.0 69.0
Suezmax, 130-200 27,000 61.5 50.0
Aframax, 80-130 23,500 51.0 36.0
LR2, 80-130 23,000 53.0 37.0
LR1, 60-80 17,500 43.0 30.0
MR, 42-60 17,500 36.0 28.5
Handymax. 30-42 14,500 34.0 22.0
       
US FLAG (KT - $/day) VOYAGE WEEKLY SPOT RATE 2019 AVG. RATE
Handy, 38 USG-USAC 63,954 63,323
       
LNG ($/day) WEEKLY SPOT RATE CURRENT MONTH RATE 2019 AVG. RATE
160M3 Tri-fuel diesel electric (West) 56,000 56,000 55,107
138-150M3 Steam turbine (West) 38,000 38,000 38,321
160M3 Tri-fuel diesel electric (East) 53,000 53,000 52,143
138-150M3 Steam turbine (East) 34,000 34,000 35,571
       
LPG (KT) LAST POSTED SPOT RATE ($/mt) SPOT TCE RATE ($/day)  
VLGC, 44 (AG-Japan) 73.71 60,104  
       
BUNKERS ($/mt) IFO 380  MDO   
US Gulf 378.5 612.0  
Rotterdam 382.5 570.0  
Singapore 453.5 601.0  

ENERGY NEWS

Trump Says US Ship Downed Iran Drone; Tehran Denies Losing One

The drone was a threat to the amphibious assault ship and its crew, Trump said at the White House on Thursday, in the latest sign of escalating military tensions around the critical oil chokepoint.

Bloomberg  July 19, 2019

Spanish Lng Imports to Surge 65% in August – TSO

Spain will receive 21.8 TWh (1.96bcm) of LNG from 25 cargoes next month, according to data from TSO Enagas on Thursday.

Montel News  July 19, 2019

What a Failed Iran Deal Would Mean for Oil Prices and Military Tensions

The direction of oil prices will depend on what Iran does with its nuclear program in the event of the deal’s termination, and whether Tehran’s strategy prompts a military response

CNBC  July 19, 2019

Exclusive: Italian, Chinese Majors Vie in Pakistan's Mega LNG Tender

The 240-cargo 10-year tender, which is likely to be worth from $5 billion to $6 billion according to Reuters calculations and the estimates of another source based on current market conditions, was issued last month and closed on Thursday.

Reuters July 19, 2019

COMMODITIES

COMMODITIES, (8:30 am CT )
         
CRUDE SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
Brent  ICE $/bbl 62.60 +0.67
WTI NYMEX $/bbl 55.70 +0.40
Dubai (Spot) Reuters $/bbl 0.00 -
         
PRODUCTS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
RBOB Gasoline  NYMEX ₵/gal 184.75 +1.33
Heating Oil  NYMEX ₵/gal 188.24 +1.99
         
NATURAL GAS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
US Henry Hub  NYMEX $/MMBtu 2.29 +0.00
UK National Balancing Point ICE $/MMBtu 3.76 +0.14
         
NATURAL GAS  LIQUIDS SOURCE LAST PRICE (₵/gal) LAST PRICE ($/mt) Δ PRIOR DAY CLOSE(₵/gal)
US Mont Belvieu Propane (Spot) Reuters 51.13 266.39 -0.50
         
PRICE SPREADS ($/bbl) SOURCE LAST PRICE Δ PRIOR DAY CLOSE
Brent 3-2-1 Crack  ICE 13.01 -0.08

MARKETS

MARKETS
         
EQUITIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
S&P 500 United States 2,995.11 +10.69
FTSE 100 United Kingdom 7,511.49 +18.40
DAX Germany 12,253.38 +25.53
SH Composite China 2,924.20 +23.02
         
CURRENCIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
£/$ United Kingdom 1.25 -0.00
€/$ European Union 1.12 -0.01
$/JPY ¥ Japan 107.77 +0.48
$/CNY ¥ China 6.88 -0.00

MARKET ANALYSIS

LNG: We have seen some interest in European reloads in recent weeks, with a couple loading's in early July ex Netherlands and France. However, a narrowing arb and volatility in pricing have stalled these for the time being and Charterers continue to monitor the situation, looking for potential reload opportunities.

Asphalt: Midwest retail markets became active again post-Holiday, with prices generally steady.

                                                       
              POTEN EVENTS

September 11-12: S&P Global Platts 9th Annual NGLs Conference. Poten will be Exhibitors.

September 17-19: Gas Tech Exhibition & Conference

October 21-22: LNG Infrastructure Development Summit Tech Exhibition & Conference. Silver Sponsor.

 
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