|SHIPPING RATES & BUNKERS ( 10:30am ET )|
|DIRTY TANKER (KT - $/day)||VOYAGE||SPOT TCE EARNINGS||2019 AVG. RATE|
|CLEAN TANKER (KT - $/day)||VOYAGE||SPOT TCE EARNINGS||2019 AVG. RATE|
|TIME CHARTER (KDWT)||1YR ECO RATE ($/day)||NEWBUILD PRICE ($M )||SECONDHAND 5YR PRICE ($M)|
|VLCC , 200+||38,000||91.5||69.0|
|US FLAG (KT - $/day)||VOYAGE||WEEKLY SPOT RATE||2019 AVG. RATE|
|LNG ($/day)||WEEKLY SPOT RATE||CURRENT MONTH RATE||2019 AVG. RATE|
|160M3 Tri-fuel diesel electric (West)||68,000||66,000||56,333|
|138-150M3 Steam turbine (West)||48,000||46,000||39,091|
|160M3 Tri-fuel diesel electric (East)||65,000||63,333||53,515|
|138-150M3 Steam turbine (East)||45,000||43,333||36,424|
|LPG (KT)||LAST POSTED SPOT RATE ($/mt)||SPOT TCE RATE ($/day)|
|VLGC, 44 (AG-Japan)||61.14||48,941|
|BUNKERS ($/mt)||IFO 380||MDO|
Qatar May Be Losing the Top Spot as World’s Biggest LNG Exporter
The US Energy Information Administration (EIA) says Australia is on track to consistently export more LNG than Qatar.CNBC August 23, 2019
The US Tends to Produce Lighter Crude Oil and Import Heavier Crude Oil
The increase in light crude oil production is largely the result of the growth in crude oil production from shale and tight rock formations, which are now more accessible because of improvements in horizontal drilling and hydraulic fracturing.EIA August 22, 2019
Frontline to Buy up to 14 Suezmaxes From Trafigura in $675m-Plus Deal
Frontline seals it biggest deal since 2012 bailout as it moves to refresh and expand its ageing crude tanker fleet.
Gas Prices Are Falling Just in Time for Labor Day
The summer driving season isn’t over yet, but gasoline prices at the pump are already declining, with the potential to drop 10% or more from current prices before the year is done.
|COMMODITIES, (8:30 am CT )|
|CRUDE||SOURCE||UNIT||LAST PRICE||Δ PRIOR DAY CLOSE|
|PRODUCTS||SOURCE||UNIT||LAST PRICE||Δ PRIOR DAY CLOSE|
|NATURAL GAS||SOURCE||UNIT||LAST PRICE||Δ PRIOR DAY CLOSE|
|US Henry Hub||NYMEX||$/MMBtu||2.13||-0.03|
|UK National Balancing Point||ICE||$/MMBtu||3.63||-0.12|
|NATURAL GAS LIQUIDS||SOURCE||LAST PRICE (₵/gal)||LAST PRICE ($/mt)||Δ PRIOR DAY CLOSE(₵/gal)|
|US Mont Belvieu Propane (Spot)||Reuters||38.00||197.98||-|
|PRICE SPREADS ($/bbl)||SOURCE||LAST PRICE||Δ PRIOR DAY CLOSE|
|Brent 3-2-1 Crack||ICE||4.88||-0.14|
|EQUITIES||REGION/COUNTRY||LAST VALUE||Δ PRIOR DAY CLOSE|
|S&P 500||United States||2,922.95||-1.48|
|FTSE 100||United Kingdom||7,137.24||+9.06|
|CURRENCIES||REGION/COUNTRY||LAST VALUE||Δ PRIOR DAY CLOSE|
LNG: Given the tightness in tonnage availability in both Basin’s last week, Charterers with prompt requirements are likely to be met with limited options, especially given further restrictions such as capacity and vessel condition. That said, large, modern tonnage delivering in 2H 2019 and vessels coming out of dry dock and completing repair work could help alleviate some of this pressure.
Asphalt: Last week, asphalt barge range got lower, with flux barge prices unchanged on the Gulf Coast.
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.