August 23, 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 43,700 22,200
Suezmax, 130  WAF-UKC 13,600 12,700
Aframax, 70 CAR-USG 1,200 10,000
Panamax, 50  CAR-USG 12,300 16,000
       
CLEAN TANKER (KT - $/day) VOYAGE SPOT TCE EARNINGS 2019 AVG. RATE
MR, 37  UKC-USAC 5,200 10,700
MR, 38  USG-UKC 4,100 3,600
       
TIME CHARTER (KDWT) 1YR ECO RATE ($/day) NEWBUILD PRICE ($M ) SECONDHAND 5YR PRICE ($M)
VLCC , 200+ 38,000 91.5 69.0
Suezmax, 130-200 27,000 62.0 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 23.0
       
US FLAG (KT - $/day) VOYAGE WEEKLY SPOT RATE 2019 AVG. RATE
Handy, 38 USG-USAC 61,966 63,144
       
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   
US Gulf 307.5 597.0  
Rotterdam 299.0 546.5  
Singapore 379.0 577.5  

ENERGY NEWS

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.

Bloomberg August 22, 2019

 

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.

TradeWinds  August 22, 2019

COMMODITIES

COMMODITIES, (8:30 am CT )
         
CRUDE SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
Brent  ICE $/bbl 58.85 -1.07
WTI NYMEX $/bbl 53.87 -1.48
Dubai (Spot) Reuters $/bbl 0.00 -
         
PRODUCTS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
RBOB Gasoline  NYMEX ₵/gal 163.20 -3.55
Heating Oil  NYMEX ₵/gal 180.67 -3.46
         
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

MARKETS

MARKETS
         
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
DAX Germany 11,713.86 -33.18
SH Composite China 2,897.43 +13.99
         
CURRENCIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
£/$ United Kingdom 1.22 -0.00
€/$ European Union 1.11 -0.00
$/JPY ¥ Japan 106.46 +0.04
$/CNY ¥ China 7.08 +0.00

MARKET ANALYSIS

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.



                                                       
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