November 8, 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 57,900 35,600
Suezmax, 130  WAF-UKC 30,800 20,700
Aframax, 70 CAR-USG 20,100 14,600
Panamax, 50  CAR-USG 14,900 18,400
       
CLEAN TANKER (KT - $/day) VOYAGE SPOT TCE EARNINGS 2019 AVG. RATE
MR, 37  UKC-USAC 11,600 10,200
MR, 38  USG-UKC 11,900 3,800
       
TIME CHARTER (KDWT) 1YR ECO RATE ($/day) NEWBUILD PRICE ($M ) SECONDHAND 5YR PRICE ($M)
VLCC , 200+ 55,000 91.5 74.0
Suezmax, 130-200 36,500 62.0 53.0
Aframax, 80-130 28,000 51.0 40.0
LR2, 80-130 29,000 53.0 42.0
LR1, 60-80 21,000 43.0 32.0
MR, 42-60 18,500 36.0 29.0
Handymax. 30-42 16,000 34.0 24.0
       
US FLAG (KT - $/day) VOYAGE WEEKLY SPOT RATE 2019 AVG. RATE
Handy, 38 USG-USAC 59,985 62,193
       
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) 76.14 68,592  
       
BUNKERS ($/mt) IFO 380  MDO   
US Gulf 333.5 625.8  
Rotterdam 257.3 558.0  
Singapore 374.5 587.5  

ENERGY NEWS

The Permian paradox: Texas shale players go green to drill more.

As the thirst for electricity to power drilling rigs in West Texas drives the state’s energy needs to new highs. 

Reuters November 8, 2019

Oil falls 1.5% after spike in US inventory.

Oil prices fell on Wednesday after a much larger-than-expected build in U.S. crude inventories and reports that U.S.-China trade deal could be delayed until December.

CNBC November 8, 2019

South Africa eyes LNG terminal as gas key to energy future.

South Africa believes gas plays an important role in the country’s energy future, with plans to create an LNG terminal in Coega.

Reuters November 8, 2019  

 

Spain becomes Europe's cheapest gas market on flood of low-cost LNG.

The Spanish gas market has become the cheapest in Europe for the first time.

Reuters November 8, 2019

COMMODITIES

COMMODITIES, (8:30 am CT )
         
CRUDE SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
Brent  ICE $/bbl 61.20 -1.09
WTI NYMEX $/bbl 56.13 -1.02
Dubai (Spot) Reuters $/bbl 0.00 -
         
PRODUCTS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
RBOB Gasoline  NYMEX ₵/gal 161.13 -2.42
Heating Oil  NYMEX ₵/gal 188.16 -3.87
         
NATURAL GAS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
US Henry Hub  NYMEX $/MMBtu 2.81 +0.03
UK National Balancing Point ICE $/MMBtu 5.41 -0.04
         
NATURAL GAS  LIQUIDS SOURCE LAST PRICE (₵/gal) LAST PRICE ($/mt) Δ PRIOR DAY CLOSE(₵/gal)
US Mont Belvieu Propane (Spot) Reuters 51.50 268.32 +0.37
         
PRICE SPREADS ($/bbl) SOURCE LAST PRICE Δ PRIOR DAY CLOSE
Brent 3-2-1 Crack  ICE 6.01 +0.14

MARKETS

MARKETS
         
EQUITIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
S&P 500 United States 3,085.18 +8.40
FTSE 100 United Kingdom 7,364.58 -41.83
DAX Germany 13,234.97 -54.49
SH Composite China 2,964.18 -14.53
         
CURRENCIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
£/$ United Kingdom 1.28 -0.00
€/$ European Union 1.10 -0.00
$/JPY ¥ Japan 109.31 +0.04
$/CNY ¥ China 6.99 +0.01

MARKET ANALYSIS

LNG: A handful of Owners are still marketing vessels for multi-month periods, but Charterers appear to be holding off on taking positions for 2020 in hope that the market may turn in their favour shortly.

Asphalt: Some Rocky Mountain retail markets are assessed in lower ranges this week. Rocky Mountain wholesale asphalt prices go lower for November supply.





    

                                                       
             EVENTS

November 5-7: EAGC

November 13: Marine Money

December 3-5: Argus LPG

 
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