August 13, 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 30,500 21,300
Suezmax, 130  WAF-UKC 11,100 12,700
Aframax, 70 CAR-USG 600 10,400
Panamax, 50  CAR-USG 13,200 16,200
       
CLEAN TANKER (KT - $/day) VOYAGE SPOT TCE EARNINGS 2019 AVG. RATE
MR, 37  UKC-USAC 6,100 11,000
MR, 38  USG-UKC 5,200 3,600
       
TIME CHARTER (KDWT) 1YR ECO RATE ($/day) NEWBUILD PRICE ($M ) SECONDHAND 5YR PRICE ($M)
VLCC , 200+ 38,000 93.0 69.0
Suezmax, 130-200 27,000 61.5 50.0
Aframax, 80-130 24,000 51.0 36.0
LR2, 80-130 24,000 53.0 37.0
LR1, 60-80 18,500 43.0 30.0
MR, 42-60 17,000 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 62,102 63,297
       
LNG ($/day) WEEKLY SPOT RATE CURRENT MONTH RATE 2019 AVG. RATE
160M3 Tri-fuel diesel electric (West) 66,000 65,000 55,969
138-150M3 Steam turbine (West) 46,000 45,000 38,813
160M3 Tri-fuel diesel electric (East) 63,000 62,500 53,156
138-150M3 Steam turbine (East) 43,000 42,500 36,156
       
LPG (KT) LAST POSTED SPOT RATE ($/mt) SPOT TCE RATE ($/day)  
VLGC, 44 (AG-Japan) 60.29 48,642  
       
BUNKERS ($/mt) IFO 380  MDO   
US Gulf 304.0 572.0  
Rotterdam 301.0 532.0  
Singapore 363.0 563.0  

ENERGY NEWS

Exclusive: Exxon Eyes UK North Sea Exit After 50-Year Presence - Sources

Exxon Mobil is considering an exit from the British North Sea after more than 50 years in the oil and gas basin as it focuses on U.S. shale production and new projects.

Reuters  August 13, 2019

Oil Prices Drop as Demand Worries Offset Hopes for Saudi-led Supply Cut

Oil prices traded lower on Tuesday, breaking a three-day winning streak, as concerns over a weakening global economy offset hopes that OPEC would be able to cut supply enough to support prices. 

Yahoo Finance August 13, 2019

Coal, Renewables Sap Asian Lng Demand – Consultancy

Asian demand for LNG is falling short of expectations – and swelling a global supply glut – amid pressure from both cheap coal and renewable energy.

Montel News August 13, 2019

 

Iranian Officials Expect UK to Release Detained Grace 1 Tanker Soon

A tanker at the hub of a dispute between Britain and Iran will soon be released, officials said on Tuesday.

TradeWinds August 13, 2019

COMMODITIES

COMMODITIES, (8:30 am CT )
         
CRUDE SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
Brent  ICE $/bbl 58.37 -0.20
WTI NYMEX $/bbl 54.49 -0.44
Dubai (Spot) Reuters $/bbl 0.00 -
         
PRODUCTS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
RBOB Gasoline  NYMEX ₵/gal 166.26 -0.26
Heating Oil  NYMEX ₵/gal 180.16 -0.42
         
NATURAL GAS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
US Henry Hub  NYMEX $/MMBtu 2.12 +0.02
UK National Balancing Point ICE $/MMBtu 4.01 -0.05
         
NATURAL GAS  LIQUIDS SOURCE LAST PRICE (₵/gal) LAST PRICE ($/mt) Δ PRIOR DAY CLOSE(₵/gal)
US Mont Belvieu Propane (Spot) Reuters 40.00 208.40 -
         
PRICE SPREADS ($/bbl) SOURCE LAST PRICE Δ PRIOR DAY CLOSE
Brent 3-2-1 Crack  ICE 5.24 +0.05

MARKETS

MARKETS
         
EQUITIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
S&P 500 United States 2,883.09 -35.56
FTSE 100 United Kingdom 7,168.09 -58.63
DAX Germany 11,545.47 -134.21
SH Composite China 2,797.26 -17.73
         
CURRENCIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
£/$ United Kingdom 1.21 +0.00
€/$ European Union 1.12 +0.00
$/JPY ¥ Japan 105.20 -0.09
$/CNY ¥ China 7.07 +0.01

MARKET ANALYSIS

LNG: As a result of a number of cargo awards, vessels being reprogrammed to serve structural needs and multi-month charters commencing, tonnage availability continues to be removed from the market. At time of writing last week, six vessels are open prompt Worldwide, half of which have forward commitments and several of which are ST vessels. This tightness in availability is expected to remain the case throughout the winter period.

Asphalt: The Asphalt Institute held its summer meeting in Chicago last week and it was well attended.




                                                       
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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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