| 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 | 31,200 | 46,100 |
| Suezmax, 130 | WAF-UKC | 25,400 | 40,700 |
| Aframax, 70 | CAR-USG | 29,500 | 66,700 |
| Panamax, 50 | CAR-USG | 38,100 | 52,700 |
| CLEAN TANKER (KT - $/day) | VOYAGE | SPOT TCE EARNINGS | 2020 AVG. RATE |
| MR, 37 | UKC-USAC | 24,800 | 19,300 |
| MR, 38 | USG-UKC | 14,700 | 14,100 |
| LR1, 55 | AG-FE | 16,300 | 11,000 |
| LR2, 75 | AG-FE | 22,500 | 16,500 |
| TIME CHARTER (KDWT) | 1YR ECO RATE ($/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) | 62.18 | 46,937 | |
| BUNKERS ($/mt) | VLFSO | HSFO | MGO |
| US Gulf | 448.5 | 328.5 | 558 |
| Rotterdam | 406.0 | 292.0 | 527 |
| Singapore | 441.5 | 297.5 | 491.5 |
ENERGY NEWS
Oil rises $1 as OPEC, allies work on big output cut.
Brent oil prices rose on Wednesday on expectations that major producers have moved closer to an agreement to enact deeper output cuts aimed at offsetting the slump in demand caused by the coronavirus outbreak.
Wartsila to supply cargo handling system for LNG bunker vessel.
Technology group Wartsila announced that it will supply a cargo handling system for a new 18,000 cu m LNG bunkering vessel being built for Korea Line at Hyundai Mipo Dockyard (HMD) in South Korea.
Multibillion LNG projects set for delays as negotiations hit wall.
The decision by the government of Papua New Guinea (PNG) to halt talks with ExxonMobil about the state’s share of revenues from the planned P’nyang gas field development is set to delay two key LNG projects that would double the country’s gas output, Rystad Energy estimates show.
China’s stimulus takes shape – but no large, immediate benefits for shipowners.
While China has started to presenmarch t some stimulus measures for shipping and the wider economy, some industry observers warn it could be months before freight markets feel any positive impact, if ever.
| COMMODITIES, (8:30 am CT ) | ||||
| CRUDE | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| Brent | ICE | $/bbl | 52.25 | +0.39 |
| WTI | NYMEX | $/bbl | 47.76 | +0.58 |
| Dubai (Spot) | Reuters | $/bbl | 0.00 | - |
| PRODUCTS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| RBOB Gasoline | NYMEX | ₵/gal | 155.89 | +2.76 |
| Heating Oil | NYMEX | ₵/gal | 154.56 | +1.26 |
| NATURAL GAS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| US Henry Hub | NYMEX | $/MMBtu | 1.82 | +0.02 |
| UK National Balancing Point | ICE | $/MMBtu | 2.92 | -0.01 |
| NATURAL GAS LIQUIDS | SOURCE | LAST PRICE (₵/gal) | LAST PRICE ($/mt) | Δ PRIOR DAY CLOSE(₵/gal) |
| US Mont Belvieu Propane (Spot) | Reuters | 40.38 | 210.38 | -0.12 |
| PRICE SPREADS ($/bbl) | SOURCE | LAST PRICE | Δ PRIOR DAY CLOSE | |
| Brent 3-2-1 Crack | ICE | 12.76 | +0.67 | |
MARKETS
| MARKETS | ||||
| EQUITIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| S&P 500 | United States | 3,052.12 | +48.75 | |
| FTSE 100 | United Kingdom | 6,787.52 | +69.32 | |
| DAX | Germany | 12,069.41 | +84.02 | |
| SH Composite | China | 3,011.67 | +18.77 | |
| CURRENCIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| £/$ | United Kingdom | 1.28 | +0.00 | |
| €/$ | European Union | 1.11 | -0.00 | |
| $/JPY ¥ | Japan | 107.26 | +0.14 | |
| $/CNY ¥ | China | 6.92 | -0.03 | |
Mar 9-11: OPES 2020