| 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 | 31,300 | 46,400 |
| Suezmax, 130 | WAF-UKC | 25,600 | 41,100 |
| Aframax, 70 | CAR-USG | 30,900 | 67,500 |
| Panamax, 50 | CAR-USG | 37,600 | 53,100 |
| CLEAN TANKER (KT - $/day) | VOYAGE | SPOT TCE EARNINGS | 2020 AVG. RATE |
| MR, 37 | UKC-USAC | 25,200 | 19,200 |
| MR, 38 | USG-UKC | 14,600 | 14,100 |
| LR1, 55 | AG-FE | 12,300 | 10,900 |
| LR2, 75 | AG-FE | 19,800 | 16,300 |
| TIME CHARTER (KDWT) | 1YR ECO RATE ($/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) | 63.49 | 48,480 | |
| BUNKERS ($/mt) | VLFSO | HSFO | MGO |
| US Gulf | 466.0 | 341.0 | 570.5 |
| Rotterdam | 394.0 | 286.0 | 519 |
| Singapore | 441.0 | 307.0 | 509 |
ENERGY NEWS
Oil extends gains on expectations for coordinated effort to offset coronavirus impact.
Oil prices extended gains on Tuesday on expectations that central banks will provide financial stimulus to offset the impact of the coronavirus outbreak and on growing optimism that OPEC will order deeper output cuts this week
Coronavirus impact on container shipping grows albeit at slower pace.
Whilst the outbreak of the coronavirus (COVID-19) continues to have an impact on container shipping, the fallout is slowing down, according to analyst Sea-Intelligence.
Coronavirus hits global factories, policy easing prospects rise.
Global factories took a beating in February from the coronavirus outbreak with activity in China shrinking at a record pace, surveys showed on Monday, raising the prospect of a coordinated policy response by central banks to prevent a global recession.
Hellenic Shipping News March 3, 2020
South Korea boosts support for maritime sector as coronavirus escalates.
South Korea is to bolster its support for shipping companies affected by the fallout from the coronavirus outbreak, it has been confirmed.
| COMMODITIES, (8:30 am CT ) | ||||
| CRUDE | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| Brent | ICE | $/bbl | 52.79 | +0.89 |
| WTI | NYMEX | $/bbl | 47.53 | +0.78 |
| Dubai (Spot) | Reuters | $/bbl | 0.00 | - |
| PRODUCTS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| RBOB Gasoline | NYMEX | ₵/gal | 154.65 | +0.69 |
| Heating Oil | NYMEX | ₵/gal | 153.90 | +1.03 |
| NATURAL GAS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| US Henry Hub | NYMEX | $/MMBtu | 1.82 | +0.07 |
| UK National Balancing Point | ICE | $/MMBtu | 2.99 | +0.11 |
| NATURAL GAS LIQUIDS | SOURCE | LAST PRICE (₵/gal) | LAST PRICE ($/mt) | Δ PRIOR DAY CLOSE(₵/gal) |
| US Mont Belvieu Propane (Spot) | Reuters | 39.50 | 205.80 | -0.13 |
| PRICE SPREADS ($/bbl) | SOURCE | LAST PRICE | Δ PRIOR DAY CLOSE | |
| Brent 3-2-1 Crack | ICE | 11.95 | -0.41 | |
MARKETS
| MARKETS | ||||
| EQUITIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| S&P 500 | United States | 3,069.39 | -20.84 | |
| FTSE 100 | United Kingdom | 6,762.53 | +107.64 | |
| DAX | Germany | 12,085.72 | +227.85 | |
| SH Composite | China | 2,992.90 | +21.97 | |
| CURRENCIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| £/$ | United Kingdom | 1.28 | +0.01 | |
| €/$ | European Union | 1.12 | +0.00 | |
| $/JPY ¥ | Japan | 107.84 | -0.46 | |
| $/CNY ¥ | China | 6.97 | +0.01 | |
Mar 9-11: OPES 2020