| SHIPPING RATES & BUNKERS ( 10:30am ET ) | |||
| DIRTY TANKER (KT - $/day) | VOYAGE | SPOT TCE EARNINGS | 2019 AVG. RATE |
| VLCC, 270 | AG-FE | 108,000 | 40,500 |
| Suezmax, 130 | WAF-UKC | 72,600 | 23,700 |
| Aframax, 70 | CAR-USG | 81,500 | 17,100 |
| Panamax, 50 | CAR-USG | 49,200 | 18,900 |
| CLEAN TANKER (KT - $/day) | VOYAGE | SPOT TCE EARNINGS | 2019 AVG. RATE |
| MR, 37 | UKC-USAC | 26,000 | 11,000 |
| MR, 38 | USG-UKC | 11,300 | 4,500 |
| LR1, 55 | AG-FE | 30,100 | 15,000 |
| LR2, 75 | AG-FE | 40,200 | 21,300 |
| TIME CHARTER (KDWT) | 1YR ECO RATE ($/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 - $/day) | VOYAGE | WEEKLY SPOT RATE | 2019 AVG. RATE |
| Handy, 38 | USG-USAC | 61,977 | 62,057 |
| LNG ($/day) as of 23-Dec-2019 | WEEKLY SPOT RATE | CURRENT MONTH RATE | 2019 AVG. RATE |
| 160M3 Tri-fuel diesel electric (West) | 93,000 | 97,000 | 70,137 |
| 138-150M3 Steam turbine (West) | 75,000 | 75,000 | 49,765 |
| 160M3 Tri-fuel diesel electric (East) | 87,000 | 91,333 | 67,392 |
| 138-150M3 Steam turbine (East) | 70,000 | 70,000 | 47,137 |
| LPG (KT) | LAST POSTED SPOT RATE ($/mt) | SPOT TCE RATE ($/day) | |
| VLGC, 44 (AG-Japan) | 66.86 | 58,551 | |
| BUNKERS ($/mt) | IFO 380 | MDO | |
| US Gulf | 362.0 | 641.8 | |
| Rotterdam | 277.5 | 591.0 | |
| Singapore | 335.8 | 658.3 | |
ENERGY NEWS
Oil rises on supply cut pledges and slow return of Gulf field.
Oil prices rose on Tuesday in thin pre-Christmas trading after Russia said cooperation with OPEC on supply cuts would continue and amid signs Saudi Arabia and Kuwait could take as much as a year to bring a major field back to full capacity.
Reuters December 24, 2019A much-anticipated and historic rule change to shipping fuel standards will come into force in less than two weeks,
leaving energy market participants braced for a period of confusion and uncertainty.
Israel ministry briefly postpones start of Leviathan gas.
Israel's Environmental Protection Ministry temporarily postponed the start of production at the offshore Leviathan gas field, and the project's partners said on Tuesday that they were working with the ministry to bring the field online within a few days.
Americas tanker rates rising as IMO 2020 deadline nears.
Americas clean and dirty freight rates have risen so far in December and are expected to climb into the first quarter of 2020.
| COMMODITIES, (8:30 am CT ) | ||||
| CRUDE | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| Brent | ICE | $/bbl | 66.74 | +0.35 |
| WTI | NYMEX | $/bbl | 60.75 | +0.23 |
| Dubai (Spot) | Reuters | $/bbl | 0.00 | - |
| PRODUCTS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| RBOB Gasoline | NYMEX | ₵/gal | 171.83 | +1.32 |
| Heating Oil | NYMEX | ₵/gal | 203.04 | +0.82 |
| NATURAL GAS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| US Henry Hub | NYMEX | $/MMBtu | 2.17 | -0.04 |
| UK National Balancing Point | ICE | $/MMBtu | 4.29 | -0.17 |
| NATURAL GAS LIQUIDS | SOURCE | LAST PRICE (₵/gal) | LAST PRICE ($/mt) | Δ PRIOR DAY CLOSE(₵/gal) |
| US Mont Belvieu Propane (Spot) | Reuters | 48.25 | 251.38 | -1.00 |
| PRICE SPREADS ($/bbl) | SOURCE | LAST PRICE | Δ PRIOR DAY CLOSE | |
| Brent 3-2-1 Crack | ICE | 5.44 | +0.16 | |
MARKETS
| MARKETS | ||||
| EQUITIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| S&P 500 | United States | 3,224.01 | +2.79 | |
| FTSE 100 | United Kingdom | 7,632.24 | +8.65 | |
| DAX | Germany | 13,300.98 | -17.92 | |
| SH Composite | China | 2,982.68 | +19.93 | |
| CURRENCIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| £/$ | United Kingdom | 1.30 | +0.00 | |
| €/$ | European Union | 1.11 | -0.00 | |
| $/JPY ¥ | Japan | 109.40 | +0.01 | |
| $/CNY ¥ | China | 7.01 | -0.01 | |
MARKET ANALYSIS
LNG: Chartering activity in the West has picked up on the back of Major/Projects structural needs, discharge delays in Europe, FOB/DES cargo tenders and prompt incremental USG volume.
LPG: Quebec and Ontario markets were status quo last week.
Feb 12 - 14: Platts LNG
Feb 25-26: LNG USA Summit