| 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 | 30,500 | 47,100 |
| Suezmax, 130 | WAF-UKC | 25,500 | 41,800 |
| Aframax, 70 | CAR-USG | 30,500 | 69,200 |
| Panamax, 50 | CAR-USG | 37,300 | 53,800 |
| CLEAN TANKER (KT - $/day) | VOYAGE | SPOT TCE EARNINGS | 2020 AVG. RATE |
| MR, 37 | UKC-USAC | 24,100 | 18,900 |
| MR, 38 | USG-UKC | 13,400 | 14,000 |
| LR1, 55 | AG-FE | 12,300 | 10,800 |
| LR2, 75 | AG-FE | 19,700 | 16,200 |
| TIME CHARTER (KDWT) | 1YR ECO RATE ($/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 - $/day) | VOYAGE | WEEKLY SPOT RATE | 2020 AVG. RATE |
| Handy, 38 | USG-USAC | 69,914 | 68,676 |
| LNG ($/day) as of 28-Feb-2020 | WEEKLY SPOT RATE | CURRENT MONTH RATE | 2020 AVG. RATE |
| 160M3 Tri-fuel diesel electric (West) | 38,000 | 49,000 | 70,667 |
| 138-150M3 Steam turbine (West) | 30,000 | 37,500 | 55,444 |
| 160M3 Tri-fuel diesel electric (East) | 37,000 | 45,500 | 63,000 |
| 138-150M3 Steam turbine (East) | 28,000 | 34,000 | 48,444 |
| LPG (KT) | SPOT RATE ($/mt) | SPOT TCE RATE ($/day) | |
| VLGC, 44 (AG-Japan) | 64.99 | 49,936 | |
| BUNKERS ($/mt) | VLFSO | HSFO | MGO |
| US Gulf | 477.0 | 344.0 | 584 |
| Rotterdam | 397.5 | 292.0 | 517 |
| Singapore | 440.0 | 307.0 | 504 |
ENERGY NEWS
Oil prices on track for biggest weekly fall in four years.
Oil prices slumped to their lowest in more than a year on Friday and were set for their steepest weekly fall in four years as the global spread of the coronavirus stokes demand fears.
Nine shipping and port companies sign up to global digital collaboration.
Nine shipping companies and terminal operators have signed an agreement indicating their intention to become shareholders of the proposed Global Shipping Business Network.
New Fortress Energy Advances Construction of LNG Terminal in Mexico.
New Fortress Energy LLC continues to advance construction of a liquefied natural gas (LNG) receiving and regasification terminal in the port of Pichilingue, Baja California Sur, Mexico.
Financial Post February 28, 2020
Coronavirus will slow shipyards further, warns Stefan Rindfleisch.
Chinese shipyards are likely to be forced to issue more warnings to shipowners that they will not be able to deliver new ships when planned due to the impact of the coronavirus crisis, a leading German shipping lawyer has warned.
| COMMODITIES, (8:30 am CT ) | ||||
| CRUDE | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| Brent | ICE | $/bbl | 50.31 | -1.87 |
| WTI | NYMEX | $/bbl | 44.19 | -2.90 |
| Dubai (Spot) | Reuters | $/bbl | 0.00 | - |
| PRODUCTS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| RBOB Gasoline | NYMEX | ₵/gal | 136.83 | -4.23 |
| Heating Oil | NYMEX | ₵/gal | 146.56 | -2.36 |
| NATURAL GAS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| US Henry Hub | NYMEX | $/MMBtu | 1.69 | -0.07 |
| UK National Balancing Point | ICE | $/MMBtu | 2.97 | +0.02 |
| NATURAL GAS LIQUIDS | SOURCE | LAST PRICE (₵/gal) | LAST PRICE ($/mt) | Δ PRIOR DAY CLOSE(₵/gal) |
| US Mont Belvieu Propane (Spot) | Reuters | 39.63 | 206.47 | +0.25 |
| PRICE SPREADS ($/bbl) | SOURCE | LAST PRICE | Δ PRIOR DAY CLOSE | |
| Brent 3-2-1 Crack | ICE | 11.69 | -0.59 | |
MARKETS
| MARKETS | ||||
| EQUITIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| S&P 500 | United States | 2,896.36 | -82.40 | |
| FTSE 100 | United Kingdom | 6,539.32 | -257.08 | |
| DAX | Germany | 11,865.43 | -502.03 | |
| SH Composite | China | 2,880.30 | -111.03 | |
| CURRENCIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| £/$ | United Kingdom | 1.28 | -0.01 | |
| €/$ | European Union | 1.10 | -0.00 | |
| $/JPY ¥ | Japan | 108.00 | -1.58 | |
| $/CNY ¥ | China | 6.99 | -0.01 | |
Mar 9-11: OPES 2020