| 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 | 30,900 | 46,700 |
| Suezmax, 130 | WAF-UKC | 25,700 | 41,400 |
| Aframax, 70 | CAR-USG | 31,200 | 68,400 |
| Panamax, 50 | CAR-USG | 37,900 | 53,400 |
| CLEAN TANKER (KT - $/day) | VOYAGE | SPOT TCE EARNINGS | 2020 AVG. RATE |
| MR, 37 | UKC-USAC | 24,100 | 19,000 |
| MR, 38 | USG-UKC | 14,700 | 14,100 |
| LR1, 55 | AG-FE | 12,500 | 10,900 |
| LR2, 75 | AG-FE | 18,100 | 16,300 |
| TIME CHARTER (KDWT) | 1YR ECO RATE ($/day) | NEWBUILD PRICE ($M ) | SECONDHAND 5YR PRICE ($M) |
| VLCC , 200+ | 38,000 | 92.0 | 76.5 |
| Suezmax, 130-200 | 32,500 | 61.0 | 53.0 |
| Aframax, 80-130 | 24,500 | 51.0 | 41.0 |
| LR2, 80-130 | 24,500 | 53.0 | 43.0 |
| LR1, 60-80 | 19,500 | 43.0 | 32.0 |
| MR, 42-60 | 17,000 | 35.0 | 30.0 |
| Handymax. 30-42 | 16,500 | 33.0 | 24.0 |
| US FLAG (KT - $/day) | VOYAGE | WEEKLY SPOT RATE | 2020 AVG. RATE |
| Handy, 38 | USG-USAC | 65,186 | 68,676 |
| LNG ($/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) | 64.33 | 49,668 | |
| BUNKERS ($/mt) | VLFSO | HSFO | MGO |
| US Gulf | 453.5 | 326.0 | 571 |
| Rotterdam | 399.5 | 286.5 | 512.5 |
| Singapore | 437.0 | 293.0 | 504 |
ENERGY NEWS
Oil up as hopes of OPEC cut, stimulus counter virus gloom.
Oil prices rose on Monday, reversing an earlier fall to multi-year lows as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak.
Trafigura and Philipps 66 in Corpus Christi offshore terminal jv.
Trading company Trafigura Group and Houston-based Phillips 66 announced today that they have formed a 50/50 joint venture to build up to two single point mooring (SPM) buoys.
Clean tanker freight gains seen limited despite strong demand to load China cargoes.
Clean tanker freight rates for North Asia loadings have firmed in recent weeks due to strong demand to load cargoes from coronavirus-hit China and South Korea, but the gains have been limited by a sharp fall in supply of oil products from the Middle East, market participants said.
Hellenic Shipping News March 2, 2020
Mercantile & Maritime steers away from Venezuelan tanker trade.
Mercantile & Maritime has suggested it could cut ties with Rosneft Trading after the Geneva-based trading subsidiary of Russian oil giant Rosneft was put on the sanctions list last month by Washington for transporting Venezuelan oil.
| COMMODITIES, (8:30 am CT ) | ||||
| CRUDE | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| Brent | ICE | $/bbl | 50.98 | +0.46 |
| WTI | NYMEX | $/bbl | 46.18 | +1.42 |
| Dubai (Spot) | Reuters | $/bbl | 0.00 | - |
| PRODUCTS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| RBOB Gasoline | NYMEX | ₵/gal | 148.65 | +9.10 |
| Heating Oil | NYMEX | ₵/gal | 149.00 | -0.06 |
| NATURAL GAS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| US Henry Hub | NYMEX | $/MMBtu | 1.74 | +0.06 |
| UK National Balancing Point | ICE | $/MMBtu | 2.84 | -0.17 |
| NATURAL GAS LIQUIDS | SOURCE | LAST PRICE (₵/gal) | LAST PRICE ($/mt) | Δ PRIOR DAY CLOSE(₵/gal) |
| US Mont Belvieu Propane (Spot) | Reuters | 39.50 | 205.80 | -0.13 |
| PRICE SPREADS ($/bbl) | SOURCE | LAST PRICE | Δ PRIOR DAY CLOSE | |
| Brent 3-2-1 Crack | ICE | 11.35 | -1.02 | |
MARKETS
| MARKETS | ||||
| EQUITIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| S&P 500 | United States | 2,998.56 | +44.34 | |
| FTSE 100 | United Kingdom | 6,664.23 | +83.62 | |
| DAX | Germany | 11,837.83 | -52.52 | |
| SH Composite | China | 2,970.93 | +90.63 | |
| CURRENCIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| £/$ | United Kingdom | 1.28 | -0.01 | |
| €/$ | European Union | 1.11 | +0.01 | |
| $/JPY ¥ | Japan | 107.90 | -0.17 | |
| $/CNY ¥ | China | 6.96 | -0.03 | |
Mar 9-11: OPES 2020