| SHIPPING RATES & BUNKERS ( 10:30am ET ) Spot TCE earnings for vessels using compliant fuel (no scrubbers) | |||
| DIRTY TANKER (KT - $/day) | VOYAGE | SPOT TCE EARNINGS | 2020 AVG. RATE |
| VLCC, 270 | AG-FE | 17,600 | 49,500 |
| Suezmax, 130 | WAF-UKC | 24,200 | 43,600 |
| Aframax, 70 | CAR-USG | 39,100 | 73,100 |
| Panamax, 50 | CAR-USG | 40,600 | 55,300 |
| CLEAN TANKER (KT - $/day) | VOYAGE | SPOT TCE EARNINGS | 2020 AVG. RATE |
| MR, 37 | UKC-USAC | 19,400 | 18,700 |
| MR, 38 | USG-UKC | 4,800 | 14,600 |
| LR1, 55 | AG-FE | 13,700 | 10,700 |
| LR2, 75 | AG-FE | 19,300 | 15,900 |
| TIME CHARTER (KDWT) | 1YR ECO RATE ($/day) | NEWBUILD PRICE ($M ) | SECONDHAND 5YR PRICE ($M) |
| VLCC , 200+ | 39,000 | 92.0 | 76.5 |
| Suezmax, 130-200 | 33,500 | 61.0 | 53.0 |
| Aframax, 80-130 | 25,500 | 51.0 | 41.0 |
| LR2, 80-130 | 25,000 | 53.0 | 43.0 |
| LR1, 60-80 | 19,500 | 43.0 | 33.0 |
| MR, 42-60 | 17,000 | 35.0 | 30.0 |
| Handymax. 30-42 | 16,500 | 33.0 | 24.0 |
| US FLAG (KT - $/day) | VOYAGE | WEEKLY SPOT RATE | 2020 AVG. RATE |
| Handy, 38 | USG-USAC | 69,914 | 69,112 |
| LNG ($/day) as of 21-Feb-2020 | WEEKLY SPOT RATE | CURRENT MONTH RATE | 2020 AVG. RATE |
| 160M3 Tri-fuel diesel electric (West) | 43,000 | 52,667 | 74,750 |
| 138-150M3 Steam turbine (West) | 33,000 | 40,000 | 58,625 |
| 160M3 Tri-fuel diesel electric (East) | 40,000 | 48,333 | 66,250 |
| 138-150M3 Steam turbine (East) | 30,000 | 36,000 | 51,000 |
| LPG (KT) | SPOT RATE ($/mt) | SPOT TCE RATE ($/day) | |
| VLGC, 44 (AG-Japan) | 66.17 | 48,406 | |
| BUNKERS ($/mt) | VLFSO | HSFO | MGO |
| US Gulf | 508.0 | 358.5 | 603.5 |
| Rotterdam | 464.0 | 304.5 | 546.5 |
| Singapore | 505.0 | 324.0 | 535 |
ENERGY NEWS
Oil slides 4% on demand concerns as coronavirus spreads.
Oil prices slumped by 4% on Monday as the rapid spread of the coronavirus in countries outside China added to investor concerns over the impact on demand for crude.
Navigating uncertainty – IMO 2020.
In the wake of IMO 2020, the Chinese New Year and the coronavirus, the more than usual uncertainty has generated rough sailing throughout all sectors of shipping.
LNG bunkering operations triple in Spain in 2019.
Ship operators carried out 195 liquefied natural gas (LNG) bunkering operations at Spanish ports in 2019, 135 more than in the previous year, Spanish authorities said.
Hellenic Shipping News February 24, 2020
Coronavirus contagion hammers western shipping stocks after Asian fall.
The surge of Covid-19 coronavirus cases in Italy has seen European shipping stocks fall sharply on Monday morning, following earlier sell-offs in Asia. South Korea's Kospi index closed down nearly 3.9% on Monday, its worst day since October 2018, as confirmed virus cases topped 800.
| COMMODITIES, (8:30 am CT ) | ||||
| CRUDE | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| Brent | ICE | $/bbl | 55.67 | -2.83 |
| WTI | NYMEX | $/bbl | 50.94 | -2.44 |
| Dubai (Spot) | Reuters | $/bbl | 0.00 | - |
| PRODUCTS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| RBOB Gasoline | NYMEX | ₵/gal | 158.51 | -6.55 |
| Heating Oil | NYMEX | ₵/gal | 159.29 | -9.37 |
| NATURAL GAS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| US Henry Hub | NYMEX | $/MMBtu | 1.84 | -0.06 |
| UK National Balancing Point | ICE | $/MMBtu | 2.93 | -0.01 |
| NATURAL GAS LIQUIDS | SOURCE | LAST PRICE (₵/gal) | LAST PRICE ($/mt) | Δ PRIOR DAY CLOSE(₵/gal) |
| US Mont Belvieu Propane (Spot) | Reuters | 43.50 | 226.64 | -0.50 |
| PRICE SPREADS ($/bbl) | SOURCE | LAST PRICE | Δ PRIOR DAY CLOSE | |
| Brent 3-2-1 Crack | ICE | 15.45 | -0.02 | |
MARKETS
| MARKETS | ||||
| EQUITIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| S&P 500 | United States | 3,243.06 | -94.69 | |
| FTSE 100 | United Kingdom | 7,137.51 | -266.41 | |
| DAX | Germany | 13,024.13 | -555.20 | |
| SH Composite | China | 3,031.23 | -8.44 | |
| CURRENCIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| £/$ | United Kingdom | 1.29 | -0.00 | |
| €/$ | European Union | 1.09 | +0.00 | |
| $/JPY ¥ | Japan | 110.60 | -0.97 | |
| $/CNY ¥ | China | 7.03 | +0.00 | |
Feb 25-26: LNGgc Asia
Feb 25-26: LNG USA Summit