| 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 | 19,900 | 48,800 |
| Suezmax, 130 | WAF-UKC | 23,100 | 43,100 |
| Aframax, 70 | CAR-USG | 39,300 | 72,300 |
| Panamax, 50 | CAR-USG | 40,800 | 54,900 |
| CLEAN TANKER (KT - $/day) | VOYAGE | SPOT TCE EARNINGS | 2020 AVG. RATE |
| MR, 37 | UKC-USAC | 19,500 | 18,700 |
| MR, 38 | USG-UKC | 5,000 | 14,400 |
| LR1, 55 | AG-FE | 13,500 | 10,800 |
| LR2, 75 | AG-FE | 19,900 | 16,000 |
| TIME CHARTER (KDWT) | 1YR ECO RATE ($/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) | 66.02 | 48,854 | |
| BUNKERS ($/mt) | VLFSO | HSFO | MGO |
| US Gulf | 502.5 | 354.0 | 600 |
| Rotterdam | 456.5 | 297.0 | 541 |
| Singapore | 485.0 | 317.0 | 530.5 |
ENERGY NEWS
Oil slips for 3rd day as virus fears outweigh supply cuts.
Oil slipped towards $56 a barrel on Tuesday, falling for a third day, as concerns about the spread of the coronavirus and its impact on oil demand outweighed OPEC output cuts and Libyan supply losses.
Container shipping ‘riding the storm’ of coronavirus.
Container shipping is “riding the storm” amidst the coronavirus outbreak even as disruption to China’s manufacturing output and port operations are creating a big reduction in the supply of containerised goods
Development of long-delayed mega projects crucial for Indonesia’s LNG supply outlook, says GlobalData.
IGas supply may pick up from 2026 but this depends on the progression of two announced mega natural gas and LNG projects – Gendalo-Gehem and Abadi.
Capesize rates slip amid improving dry bulk market.
Rates for capesize bulkers on Monday fell further into negative territory, while those for the sector's other asset classes maintained slow but steady improvement begun almost two weeks ago.
| COMMODITIES, (8:30 am CT ) | ||||
| CRUDE | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| Brent | ICE | $/bbl | 55.48 | -0.82 |
| WTI | NYMEX | $/bbl | 50.48 | -0.95 |
| Dubai (Spot) | Reuters | $/bbl | 0.00 | - |
| PRODUCTS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| RBOB Gasoline | NYMEX | ₵/gal | 156.27 | -4.64 |
| Heating Oil | NYMEX | ₵/gal | 158.97 | -2.35 |
| NATURAL GAS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| US Henry Hub | NYMEX | $/MMBtu | 1.85 | +0.02 |
| UK National Balancing Point | ICE | $/MMBtu | 2.94 | +0.04 |
| NATURAL GAS LIQUIDS | SOURCE | LAST PRICE (₵/gal) | LAST PRICE ($/mt) | Δ PRIOR DAY CLOSE(₵/gal) |
| US Mont Belvieu Propane (Spot) | Reuters | 40.88 | 212.98 | -2.62 |
| PRICE SPREADS ($/bbl) | SOURCE | LAST PRICE | Δ PRIOR DAY CLOSE | |
| Brent 3-2-1 Crack | ICE | 14.53 | -1.12 | |
MARKETS
| MARKETS | ||||
| EQUITIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| S&P 500 | United States | 3,187.54 | -38.35 | |
| FTSE 100 | United Kingdom | 7,017.88 | -138.95 | |
| DAX | Germany | 12,790.49 | -244.75 | |
| SH Composite | China | 3,013.05 | -18.18 | |
| CURRENCIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| £/$ | United Kingdom | 1.30 | +0.01 | |
| €/$ | European Union | 1.09 | +0.00 | |
| $/JPY ¥ | Japan | 110.11 | -0.60 | |
| $/CNY ¥ | China | 7.01 | -0.02 | |
Feb 25-26: LNGgc Asia
Feb 25-26: LNG USA Summit