| 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 | 24,700 | 47,500 |
| Suezmax, 130 | WAF-UKC | 25,300 | 42,200 |
| Aframax, 70 | CAR-USG | 26,400 | 70,200 |
| Panamax, 50 | CAR-USG | 41,200 | 54,300 |
| CLEAN TANKER (KT - $/day) | VOYAGE | SPOT TCE EARNINGS | 2020 AVG. RATE |
| MR, 37 | UKC-USAC | 20,100 | 18,800 |
| MR, 38 | USG-UKC | 7,700 | 14,100 |
| LR1, 55 | AG-FE | 11,600 | 10,800 |
| LR2, 75 | AG-FE | 18,000 | 16,100 |
| TIME CHARTER (KDWT) | 1YR ECO RATE ($/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) | 65.25 | 49,177 | |
| BUNKERS ($/mt) | VLFSO | HSFO | MGO |
| US Gulf | 483.5 | 347.0 | 590.5 |
| Rotterdam | 419.0 | 292.0 | 527.5 |
| Singapore | 459.5 | 309.5 | 513.5 |
ENERGY NEWS
Oil prices slide for fifth day to lowest in a year as virus fears grow.
Oil prices plunged more than 4% on Thursday, down for a fifth day to their lowest since January 2019 as more new coronavirus cases outside China fed fears of a pandemic that could slow the global economy and dent demand for crude..
Frontline confident on long-term tanker market outlook despite current headwinds.
Despite the impact of the coronavirus (COVID-19) on the tanker market at present John Fredriksen’s Frontline remains confident on the longer-term outlook.
Another Canadian LNG project blocked as hits keep coming for natural gas producers.
The Coastal GasLink pipeline connected to a massive liquefied natural gas export project in Kitimat is not the only gas project facing challenges on the West Coast.
Financial Post February 27, 2020
Tanker boom propels Frontline to biggest profit in 11 years.
John Fredriksen tanker company Frontline has posted its best profit figures in more than a decade following a surge in tanker rates.The Oslo and New York-listed shipowner logged net earnings of nearly $109m in the final three months of 2019, compared with $25.5m a year ago.
| COMMODITIES, (8:30 am CT ) | ||||
| CRUDE | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| Brent | ICE | $/bbl | 51.46 | -1.97 |
| WTI | NYMEX | $/bbl | 46.41 | -2.32 |
| Dubai (Spot) | Reuters | $/bbl | 0.00 | - |
| PRODUCTS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| RBOB Gasoline | NYMEX | ₵/gal | 139.18 | -6.31 |
| Heating Oil | NYMEX | ₵/gal | 145.02 | -4.92 |
| NATURAL GAS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| US Henry Hub | NYMEX | $/MMBtu | 1.74 | -0.08 |
| UK National Balancing Point | ICE | $/MMBtu | 2.96 | -0.04 |
| NATURAL GAS LIQUIDS | SOURCE | LAST PRICE (₵/gal) | LAST PRICE ($/mt) | Δ PRIOR DAY CLOSE(₵/gal) |
| US Mont Belvieu Propane (Spot) | Reuters | 39.38 | 205.17 | -0.87 |
| PRICE SPREADS ($/bbl) | SOURCE | LAST PRICE | Δ PRIOR DAY CLOSE | |
| Brent 3-2-1 Crack | ICE | 11.73 | -0.55 | |
MARKETS
| MARKETS | ||||
| EQUITIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| S&P 500 | United States | 3,036.68 | -79.71 | |
| FTSE 100 | United Kingdom | 6,783.80 | -258.67 | |
| DAX | Germany | 12,353.71 | -421.17 | |
| SH Composite | China | 2,991.33 | +3.40 | |
| CURRENCIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| £/$ | United Kingdom | 1.29 | -0.00 | |
| €/$ | European Union | 1.10 | +0.01 | |
| $/JPY ¥ | Japan | 109.98 | -0.44 | |
| $/CNY ¥ | China | 7.00 | -0.02 | |
Feb 25-26: LNGgc Asia
Feb 25-26: LNG USA Summit