October 11, 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 300,100 22,800
Suezmax, 130  WAF-UKC 114,600 12,700
Aframax, 70 CAR-USG 48,000 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 14,100 10,300
MR, 38  USG-UKC 5,700 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) 81.14 72,569  
       
BUNKERS ($/mt) IFO 380  MDO   
US Gulf 409.5 630.0  
Rotterdam 329.0 577.0  
Singapore 445.5 583.5  

ENERGY NEWS

BP warns of third-quarter charges as it spurs $10 billion divestment target.

BP will take charges of $2 to $3 billion in the third quarter, the British energy firm said on Friday.

Reuters October 11, 2019

Iran confirms attacks on Iranian oil tanker in Red Sea.

Iran’s foreign ministry confirmed that the Iranian-owned oil tanker Sabiti had been attacked in the Red Sea on Friday.

Reuters October 11, 2019

China's CNOOC looks to replace COSCO-linked LNG tankers after U.S. sanctions.

CNOOC is on the hunt for liquefied natural gas (LNG) tankers to charter looking to replace ships it had previously hired .

Reuters October 11, 2019  

 

Greek Ship Owners Dominate the LNG market.

Greece has recently overtaken Japan as the top owning country, ordering a large number of vessels since 2018. 

Hellenic October 11, 2019

COMMODITIES

COMMODITIES, (8:30 am CT )
         
CRUDE SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
Brent  ICE $/bbl 59.57 +0.47
WTI NYMEX $/bbl 53.86 +0.31
Dubai (Spot) Reuters $/bbl 0.00 -
         
PRODUCTS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
RBOB Gasoline  NYMEX ₵/gal 162.74 +0.41
Heating Oil  NYMEX ₵/gal 194.25 +2.17
         
NATURAL GAS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
US Henry Hub  NYMEX $/MMBtu 2.22 -0.00
UK National Balancing Point ICE $/MMBtu 5.31 +0.05
         
NATURAL GAS  LIQUIDS SOURCE LAST PRICE (₵/gal) LAST PRICE ($/mt) Δ PRIOR DAY CLOSE(₵/gal)
US Mont Belvieu Propane (Spot) Reuters 48.00 250.08 -1.00
         
PRICE SPREADS ($/bbl) SOURCE LAST PRICE Δ PRIOR DAY CLOSE
Brent 3-2-1 Crack  ICE 6.59 -0.20

MARKETS

MARKETS
         
EQUITIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
S&P 500 United States 2,938.13 +18.73
FTSE 100 United Kingdom 7,223.23 +36.87
DAX Germany 12,403.48 +239.28
SH Composite China 2,973.66 +25.95
         
CURRENCIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
£/$ United Kingdom 1.26 +0.02
€/$ European Union 1.11 +0.00
$/JPY ¥ Japan 108.35 +0.39
$/CNY ¥ China 7.10 -0.02

MARKET ANALYSIS

LNG: In the West, although shipping is likely to remain tight, some vessels currently floating cargoes are expected to discharge in the coming weeks, and there may be small pockets of length as lifters receive clarity on new project volumes/ additional US Gulf volumes and try to free up tonnage to take advantage of winter rates.



Asphalt
: Gulf Coast retail asphalt and flux prices are assessed unchanged for last week.


 
    

                                                       
              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!