February 24, 2020 

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SHIPPING RATES & BUNKERS

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.           

Reuters February 24, 2020                                

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.

Seatrade Maritime News February 24, 2020

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.                          

 TradeWinds February 24, 2020

COMMODITIES

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
         
                                                       
            EVENTS

Feb 25-26: LNGgc Asia

Feb 25-26: LNG USA Summit