| 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 | 30,000 | 45,400 |
| Suezmax, 130 | WAF-UKC | 24,000 | 40,000 |
| Aframax, 70 | CAR-USG | 29,100 | 65,100 |
| Panamax, 50 | CAR-USG | 37,800 | 52,100 |
| CLEAN TANKER (KT - $/day) | VOYAGE | SPOT TCE EARNINGS | 2020 AVG. RATE |
| MR, 37 | UKC-USAC | 25,200 | 19,500 |
| MR, 38 | USG-UKC | 16,700 | 14,100 |
| LR1, 55 | AG-FE | 19,100 | 11,400 |
| LR2, 75 | AG-FE | 29,000 | 17,000 |
| TIME CHARTER (KDWT) | 1YR ECO RATE ($/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) | 59.98 | 44,760 | |
| BUNKERS ($/mt) | VLFSO | HSFO | MGO |
| US Gulf | 459.5 | 325.5 | 569 |
| Rotterdam | 399.5 | 281.5 | 523.5 |
| Singapore | 444.5 | 301.0 | 503 |
ENERGY NEWS
Oil plunges to lowest since 2017 after Russia rejects steep OPEC cut.
Oil prices tanked more than 7% on Friday to their lowest levels since mid-2017 after Reuters reported that Russia balked at OPEC’s proposed steep production cuts to stabilize prices.
Canada’s LNG dreams fade as blockades add new costs to industry.
Hopes that Canada could turn into a gas export powerhouse seem to be waning fast.
US ports taking a major hit from the coronavirus.
Supply chain disruptions due to the coronavirus (COVID-19) crisis have followed the wavelike spread of the disease, moving from Asia - notably China, but also South Korea - to the US.
Seatrade Maritime News March 6, 2020
China provides relief for domestic maritime certification.
Beijing has issued a temporary waiver for maritime surveys on China-flagged vessels in domestic trades amid travel restrictions to contain the spread of the coronavirus. However, the move will provide little help for companies facing problems in the international markets.
| COMMODITIES, (8:30 am CT ) | ||||
| CRUDE | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| Brent | ICE | $/bbl | 46.78 | -3.21 |
| WTI | NYMEX | $/bbl | 43.10 | -2.80 |
| Dubai (Spot) | Reuters | $/bbl | 0.00 | - |
| PRODUCTS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| RBOB Gasoline | NYMEX | ₵/gal | 143.16 | -9.02 |
| Heating Oil | NYMEX | ₵/gal | 141.09 | -7.76 |
| NATURAL GAS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| US Henry Hub | NYMEX | $/MMBtu | 1.74 | -0.03 |
| UK National Balancing Point | ICE | $/MMBtu | 2.88 | -0.03 |
| NATURAL GAS LIQUIDS | SOURCE | LAST PRICE (₵/gal) | LAST PRICE ($/mt) | Δ PRIOR DAY CLOSE(₵/gal) |
| US Mont Belvieu Propane (Spot) | Reuters | 38.50 | 200.59 | -1.50 |
| PRICE SPREADS ($/bbl) | SOURCE | LAST PRICE | Δ PRIOR DAY CLOSE | |
| Brent 3-2-1 Crack | ICE | 13.01 | -0.28 | |
MARKETS
| MARKETS | ||||
| EQUITIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| S&P 500 | United States | 2,967.70 | -56.24 | |
| FTSE 100 | United Kingdom | 6,491.12 | -214.31 | |
| DAX | Germany | 11,598.79 | -345.93 | |
| SH Composite | China | 3,034.51 | -37.17 | |
| CURRENCIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| £/$ | United Kingdom | 1.30 | +0.01 | |
| €/$ | European Union | 1.13 | +0.01 | |
| $/JPY ¥ | Japan | 105.40 | -0.76 | |
| $/CNY ¥ | China | 6.93 | -0.01 | |
Mar 9-11: OPES 2020