December 2, 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 89,100 38,500
Suezmax, 130  WAF-UKC 49,100 22,300
Aframax, 70 CAR-USG 42,300 15,800
Panamax, 50  CAR-USG 19,900 18,400
       
CLEAN TANKER (KT - $/day) VOYAGE SPOT TCE EARNINGS 2019 AVG. RATE
MR, 37  UKC-USAC 21,100 10,700
MR, 38  USG-UKC 9,900 4,200
       
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 38,000 60.0 53.0
Aframax, 80-130 28,500 50.0 40.0
LR2, 80-130 28,500 52.0 42.0
LR1, 60-80 21,000 43.0 32.0
MR, 42-60 19,000 35.0 29.0
Handymax. 30-42 16,500 33.0 24.0
       
US FLAG (KT - $/day) VOYAGE WEEKLY SPOT RATE 2019 AVG. RATE
Handy, 38 USG-USAC 60,017 62,060
       
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) 69.50 62,746  
       
BUNKERS ($/mt) IFO 380  MDO   
US Gulf 354.0 620.0  
Rotterdam 241.0 571.0  
Singapore 294.0 588.0  

ENERGY NEWS

Saudi Arabia wants OPEC+ to deepen oil cuts due to Aramco IPO.

OPEC and its allies plan to deepen oil cuts and have the deal in place so it runs at least until June 2020.

Reuters December 2, 2019

Putin and Xi oversee launch of landmark Russian gas pipeline to China.

Russian President Vladimir Putin and his Chinese counterpart Xi Jinping on Monday oversaw the launch of a landmark pipeline.

Reuters December 2, 2019

China's new Russian natural gas pipeline won't worry LNG, oversupply will.

The Power of Siberia pipeline was scheduled on Monday to start delivering natural gas from Russia to China’s northeast.

Reuters December 2, 2019  

 

British wholesale gas prices fall on rising LNG, Norway gas supplies.

Prompt British wholesale gas prices fell on Monday morning as rising demand was offset by stronger supplies of LNG.

Reuters December 2, 2019

COMMODITIES

COMMODITIES, (8:30 am CT )
         
CRUDE SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
Brent  ICE $/bbl 61.62 -0.81
WTI NYMEX $/bbl 56.39 +1.22
Dubai (Spot) Reuters $/bbl 0.00 -
         
PRODUCTS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
RBOB Gasoline  NYMEX ₵/gal 161.27 +1.57
Heating Oil  NYMEX ₵/gal 191.26 +3.37
         
NATURAL GAS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
US Henry Hub  NYMEX $/MMBtu 2.32 +0.04
UK National Balancing Point ICE $/MMBtu 5.34 +0.10
         
NATURAL GAS  LIQUIDS SOURCE LAST PRICE (₵/gal) LAST PRICE ($/mt) Δ PRIOR DAY CLOSE(₵/gal)
US Mont Belvieu Propane (Spot) Reuters 55.00 286.55 -
         
PRICE SPREADS ($/bbl) SOURCE LAST PRICE Δ PRIOR DAY CLOSE
Brent 3-2-1 Crack  ICE 6.40 -0.09

MARKETS

MARKETS
         
EQUITIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
S&P 500 United States 3,134.55 -6.43
FTSE 100 United Kingdom 7,323.10 -23.43
DAX Germany 13,098.49 -137.89
SH Composite China 2,875.81 +3.83
         
CURRENCIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
£/$ United Kingdom 1.29 -0.00
€/$ European Union 1.10 +0.00
$/JPY ¥ Japan 109.52 +0.01
$/CNY ¥ China 7.04 +0.01

MARKET ANALYSIS

LNG: There has been a steady stream of activity this week, with chartering interest surfacing for prompt loadings East of Suez and to meet structural requirements in the Atlantic during January.


Asphalt: East Coast retail asphalt and flux prices had no changes this week, with assessments flat. Asphalt barge and flux prices are assessed steadfast on the East Coast.

  


                                                       
             EVENTS


December 3-5: Argus LPG in Houston

December 3-6: CWC World LNG Summit in Rome

 
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