| 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 | 65,300 | 45,500 |
| Suezmax, 130 | WAF-UKC | 28,600 | 39,500 |
| Aframax, 70 | CAR-USG | 33,300 | 63,800 |
| Panamax, 50 | CAR-USG | 39,600 | 51,600 |
| CLEAN TANKER (KT - $/day) | VOYAGE | SPOT TCE EARNINGS | 2020 AVG. RATE |
| MR, 37 | UKC-USAC | 25,600 | 19,800 |
| MR, 38 | USG-UKC | 19,600 | 14,300 |
| LR1, 55 | AG-FE | 24,700 | 11,900 |
| LR2, 75 | AG-FE | 34,100 | 17,600 |
| TIME CHARTER (KDWT) | 1YR ECO RATE ($/day) | NEWBUILD PRICE ($M ) | SECONDHAND 5YR PRICE ($M) |
| VLCC , 200+ | 38,000 | 92.0 | 75.5 |
| 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 | 16,750 | 35.0 | 30.0 |
| Handymax. 30-42 | 16,500 | 33.0 | 24.0 |
| US FLAG (KT - $/day) | VOYAGE | WEEKLY SPOT RATE | 2020 AVG. RATE |
| Handy, 38 | USG-USAC | 65,041 | 68,312 |
| LNG ($/day) as of 06-Mar-2020 | WEEKLY SPOT RATE | CURRENT MONTH RATE | 2020 AVG. RATE |
| 160M3 Tri-fuel diesel electric (West) | 37,000 | 37,000 | 67,300 |
| 138-150M3 Steam turbine (West) | 30,000 | 30,000 | 52,900 |
| 160M3 Tri-fuel diesel electric (East) | 37,000 | 37,000 | 60,400 |
| 138-150M3 Steam turbine (East) | 30,000 | 30,000 | 46,600 |
| LPG (KT) | SPOT RATE ($/mt) | SPOT TCE RATE ($/day) | |
| VLGC, 44 (AG-Japan) | 58.07 | 46,402 | |
| BUNKERS ($/mt) | VLFSO | HSFO | MGO |
| US Gulf | 415.0 | 307.0 | 466 |
| Rotterdam | 300.5 | 249.5 | 350 |
| Singapore | 337.5 | 263.5 | 402 |
ENERGY NEWS
Saudi Arabia, Russia raise stakes in oil standoff.
Saudi Arabia will raise its crude supply to a record high in April, the kingdom announced on Tuesday, as it ratcheted up a standoff with Moscow over market share and appeared to reject Russian overtures for new talks.
Coronavirus: Chinese oil production takes a hit as bunker fuel demand shrinks.
As the coronavirus continues its march, demand for oil in China has taken a hit. As economic activity slowed down, oil prices plunged by 14% in the last week of February.
Shipping organisations flag-up freedom of movement restrictions in coronavirus fight.
The Roundtable of shipping organisations has flagged up the potential implications on the growing number of restrictions by ports on the free movement of seafarers in an effort to stop the spread of the coronavirus (COVID-19).
Seatrade Maritime News March 10, 2020
Oil price war boosts tanker rates and share prices.
Tanker earnings and shares are rising as shipowners turn bullish on more opportunities for floating storage and forecast rising crude exports from Middle East.
| COMMODITIES, (8:30 am CT ) | ||||
| CRUDE | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| Brent | ICE | $/bbl | 36.50 | +2.14 |
| WTI | NYMEX | $/bbl | 33.08 | +1.95 |
| Dubai (Spot) | Reuters | $/bbl | 0.00 | - |
| PRODUCTS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| RBOB Gasoline | NYMEX | ₵/gal | 115.27 | +1.58 |
| Heating Oil | NYMEX | ₵/gal | 123.75 | +7.46 |
| NATURAL GAS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| US Henry Hub | NYMEX | $/MMBtu | 1.90 | +0.12 |
| UK National Balancing Point | ICE | $/MMBtu | 2.96 | +0.12 |
| NATURAL GAS LIQUIDS | SOURCE | LAST PRICE (₵/gal) | LAST PRICE ($/mt) | Δ PRIOR DAY CLOSE(₵/gal) |
| US Mont Belvieu Propane (Spot) | Reuters | 32.16 | 167.55 | -1.50 |
| PRICE SPREADS ($/bbl) | SOURCE | LAST PRICE | Δ PRIOR DAY CLOSE | |
| Brent 3-2-1 Crack | ICE | 12.17 | -1.22 | |
MARKETS
| MARKETS | ||||
| EQUITIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| S&P 500 | United States | 2,787.95 | +41.39 | |
| FTSE 100 | United Kingdom | 5,988.11 | +22.34 | |
| DAX | Germany | 10,625.16 | +0.14 | |
| SH Composite | China | 2,996.76 | +53.47 | |
| CURRENCIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| £/$ | United Kingdom | 1.30 | -0.01 | |
| €/$ | European Union | 1.14 | -0.01 | |
| $/JPY ¥ | Japan | 103.46 | +1.12 | |
| $/CNY ¥ | China | 6.96 | +0.01 | |
Mar 9-11: OPES 2020