January 10, 2020

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SHIPPING RATES & BUNKERS

SHIPPING RATES & BUNKERS ( 10:30am ET )
       
DIRTY TANKER (KT - $/day) VOYAGE SPOT TCE EARNINGS 2020 AVG. RATE
VLCC, 270   AG-FE 119,800 128,500
Suezmax, 130  WAF-UKC 80,200 77,600
Aframax, 70 CAR-USG 141,300 127,500
Panamax, 50  CAR-USG 99,400 73,800
       
CLEAN TANKER (KT - $/day) VOYAGE SPOT TCE EARNINGS 2020 AVG. RATE
MR, 37  UKC-USAC 24,300 26,100
MR, 38  USG-UKC 21,200 18,100
LR1, 55 AG-FE 27,000 29,700
LR2, 75 AG-FE 38,400 42,500
       
TIME CHARTER (KDWT) 1YR ECO RATE ($/day) NEWBUILD PRICE ($M ) SECONDHAND 5YR PRICE ($M)
VLCC , 200+ 53,500 91.5 74.0
Suezmax, 130-200 39,000 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 2020 AVG. RATE
Handy, 38 USG-USAC 64,960 67,503
       
LNG ($/day) WEEKLY SPOT RATE CURRENT MONTH RATE 2020 AVG. RATE
160M3 Tri-fuel diesel electric (West) 70,000 70,000 93,000
138-150M3 Steam turbine (West) 49,000 39,917 75,000
160M3 Tri-fuel diesel electric (East) 67,000 67,000 85,000
138-150M3 Steam turbine (East) 46,000 46,000 70,000
       
LPG (KT) SPOT RATE ($/mt) SPOT TCE RATE ($/day)  
VLGC, 44 (AG-Japan) 64.85 35,404  
       
BUNKERS ($/mt) IFO 380  MDO   
US Gulf 342.0 655.5  
Rotterdam 297.5 589.5  
Singapore 385.0 717.0  

ENERGY NEWS

Oil slips towards $65 as Middle East tensions ease.

Oil slipped further towards $65 a barrel on Friday as tensions in the Middle East over Iran eased for now and investors focused on rising U.S. inventories and other signs of ample supply.

Reuters January 10, 2020  

Rising prices show tighter supplies of cleaner fuel for global shipping.

The price of very low-sulfur fuel oil (VLSFO) has risen in recent months, a sign of increasing worry there is not enough of the fuel to comply with new global shipping laws that took effect this year.

 Reuters January 10, 2020

Japan gas operators sell surplus LNG to China in dribs and drabs.

Local Japanese gas companies are shipping unsold inventories to Chinese clients in relatively small amounts now that demand at home has stagnated and parts of China unserved by pipelines are eager to buy.                       

 Nikkei Asian Review January 10, 2020

 

Bulgaria to acquire 20% of Alexandroupolis LNG project in Greece.

The Council of Ministers of the Bulgarian Government has approved the participation of Bulgaria’s state gas transmission company, Bulgartransgaz, by a percentage of 20% in the share capital of Gastrade.

New Europe January 10, 2020

COMMODITIES

COMMODITIES, (8:30 am CT )
         
CRUDE SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
Brent  ICE $/bbl 65.40 +0.03
WTI NYMEX $/bbl 59.29 -0.27
Dubai (Spot) Reuters $/bbl 0.00 -
         
PRODUCTS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
RBOB Gasoline  NYMEX ₵/gal 167.43 +2.16
Heating Oil  NYMEX ₵/gal 194.21 -0.80
         
NATURAL GAS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
US Henry Hub  NYMEX $/MMBtu 2.21 +0.04
UK National Balancing Point ICE $/MMBtu 4.00 -0.02
         
NATURAL GAS  LIQUIDS SOURCE LAST PRICE (₵/gal) LAST PRICE ($/mt) Δ PRIOR DAY CLOSE(₵/gal)
US Mont Belvieu Propane (Spot) Reuters 52.00 239.66 +0.75
         
PRICE SPREADS ($/bbl) SOURCE LAST PRICE Δ PRIOR DAY CLOSE
Brent 3-2-1 Crack  ICE 5.30 +0.82

MARKETS

MARKETS
         
EQUITIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
S&P 500 United States 3,275.70 +1.00
FTSE 100 United Kingdom 7,587.85 -10.27
DAX Germany 13,483.31 -11.75
SH Composite China 3,092.29 -2.59
         
CURRENCIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
£/$ United Kingdom 1.31 -0.00
€/$ European Union 1.11 +0.00
$/JPY ¥ Japan 109.49 -0.02
$/CNY ¥ China 6.92 -0.01
                                                      
             EVENTS

Feb 10-12: LNGA 2020

Feb 12 - 14: Platts LNG

Feb 12-14: Future Energy Asia

Feb 19-20: South Asia LPG Expo

Feb 25-26: LNGgc Asia

Feb 25-26: LNG USA Summit