October 09, 2019 

Download PDF

SHIPPING RATES & BUNKERS

SHIPPING RATES & BUNKERS ( 10:30am ET )
       
DIRTY TANKER (KT - $/day) VOYAGE SPOT TCE EARNINGS 2019 AVG. RATE
VLCC, 270   AG-FE 126,800 22,800
Suezmax, 130  WAF-UKC 103,400 12,700
Aframax, 70 CAR-USG 36,000 10,100
Panamax, 50  CAR-USG 37,400 15,900
       
CLEAN TANKER (KT - $/day) VOYAGE SPOT TCE EARNINGS 2019 AVG. RATE
MR, 37  UKC-USAC 12,600 10,300
MR, 38  USG-UKC 2,900 3,600
       
TIME CHARTER (KDWT) 1YR ECO RATE ($/day) NEWBUILD PRICE ($M ) SECONDHAND 5YR PRICE ($M)
VLCC , 200+ 38,000 91.5 70.0
Suezmax, 130-200 27,000 62.0 50.0
Aframax, 80-130 23,750 51.0 36.0
LR2, 80-130 24,000 53.0 37.0
LR1, 60-80 19,000 43.0 30.0
MR, 42-60 17,500 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 59,480 62,959
       
LNG ($/day) WEEKLY SPOT RATE CURRENT MONTH RATE 2019 AVG. RATE
160M3 Tri-fuel diesel electric (West) 70,000 70,000 57,472
138-150M3 Steam turbine (West) 49,000 39,917 39,917
160M3 Tri-fuel diesel electric (East) 67,000 67,000 54,639
138-150M3 Steam turbine (East) 46,000 46,000 37,222
       
LPG (KT) LAST POSTED SPOT RATE ($/mt) SPOT TCE RATE ($/day)  
VLGC, 44 (AG-Japan) 79.43 72,153  
       
BUNKERS ($/mt) IFO 380  MDO   
US Gulf 409.5 630.0  
Rotterdam 329.0 577.0  
Singapore 445.5 583.5  

ENERGY NEWS

Guyana Nears Oil and Gas Turning Point.

A developing English-speaking country on South America’s Atlantic coast, Guyana is about to become a major oil producer.

Rigzone October 9, 2019

Qatar Invites Big Oil to Bid For LNG Expansion Projects.

Qatar has invited international oil and gas majorsto file bids for the expansion of the Qatari part of the world’s largest gas field and the country’s liquefied natural gas (LNG) export capacity.

Oilprice October 9, 2019

Exxon will not take final decision on Mozambique LNG project this week.

Exxon Mobil will stop short of taking a final investment decision (FID) on its massive $30 billion liquefied natural gas (LNG) project in Mozambique

Reuters October 9, 2019  

 

Oil rises on signs of easing US-China tensions.

Oil rose on Wednesday following media reports that China was open to agreeing a partial trade deal with the United States.

CNBC October 9, 2019

COMMODITIES

COMMODITIES, (8:30 am CT )
         
CRUDE SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
Brent  ICE $/bbl 58.73 +0.49
WTI NYMEX $/bbl 53.10 +0.47
Dubai (Spot) Reuters $/bbl 0.00 -
         
PRODUCTS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
RBOB Gasoline  NYMEX ₵/gal 159.39 +1.30
Heating Oil  NYMEX ₵/gal 191.87 +0.86
         
NATURAL GAS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
US Henry Hub  NYMEX $/MMBtu 2.28 -0.00
UK National Balancing Point ICE $/MMBtu 5.13 -0.01
         
NATURAL GAS  LIQUIDS SOURCE LAST PRICE (₵/gal) LAST PRICE ($/mt) Δ PRIOR DAY CLOSE(₵/gal)
US Mont Belvieu Propane (Spot) Reuters 47.25 246.17 +0.50
         
PRICE SPREADS ($/bbl) SOURCE LAST PRICE Δ PRIOR DAY CLOSE
Brent 3-2-1 Crack  ICE 6.02 +0.03

MARKETS

MARKETS
         
EQUITIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
S&P 500 United States 2,911.53 +18.47
FTSE 100 United Kingdom 7,170.14 +26.99
DAX Germany 12,090.54 +120.34
SH Composite China 2,924.86 +11.29
         
CURRENCIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
£/$ United Kingdom 1.22 +0.00
€/$ European Union 1.10 +0.00
$/JPY ¥ Japan 107.39 +0.32
$/CNY ¥ China 7.13 -0.01

MARKET ANALYSIS

LNG: At least four vessels were fixed last week for spot voyages loading in October ex all three basins.



Asphalt: East Coast retail asphalt and flux prices lower in many areas to start October.  Asphalt barge prices assessed firmer or flat on the East Coast, flux barges steadfast.  


 
    

                                                       
              POTEN EVENTS

October 21-23: North American Gas Conference

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

October 23-25: Energy Trading Risk

 
SUBSCRIBE NOW!