March 13, 2020 

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SHIPPING RATES & BUNKERS

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 243,000 54,200
Suezmax, 130  WAF-UKC 110,700 41,200
Aframax, 70 CAR-USG 46,300 62,500
Panamax, 50  CAR-USG 44,900 51,000
       
CLEAN TANKER (KT - $/day) VOYAGE SPOT TCE EARNINGS 2020 AVG. RATE
MR, 37  UKC-USAC 23,300 19,900
MR, 38  USG-UKC 20,200 14,600
LR1, 55 AG-FE 29,200 12,800
LR2, 75 AG-FE 42,100 19,000
       
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 68,300
       
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 64,545
138-150M3 Steam turbine (West) 30,000 30,000 50,818
160M3 Tri-fuel diesel electric (East) 37,000 37,000 58,273
138-150M3 Steam turbine (East) 30,000 30,000 45,091
       
LPG (KT) SPOT RATE ($/mt) SPOT TCE RATE ($/day)  
VLGC, 44 (AG-Japan) 55.81 45,030  
       
BUNKERS ($/mt) VLFSO  HSFO  MGO
US Gulf 358.0 277.0 458
Rotterdam 292.0 241.5 465.5
Singapore 329.0 214.0 355.5

ENERGY NEWS

Oil prices set for biggest weekly drop since 2008.

Oil prices were set for their biggest weekly slide since the 2008 financial crisis despite a 4% bounce on Friday, as the coronavirus outbreak threatened demand and crude producers promised more supply.

Reuters March 13, 2020                                

A Global Natural Gas Market Is Starting to Emerge.

Financial derivatives linked to liquefied natural gas are mushrooming as a market crash and a boom in physical trading creates an appetite to manage risk and provides opportunity to speculate on prices.

Bloomberg News March 13, 2020

Singapore port container volumes up 5.8% in Feb.

Despite the impact of the coronavirus (COVID-19) on the key Chinese container shipping market the Southeast Asian hub port of Singapore reported a 5.8% jump in volumes in February.

Seatrade Maritime News March 13, 2020

 

'Outstanding tanker comeback' boosts MR tanker owner TNG'.

Croatia's Tankerska Next Generation (TNG) has turned a profit thanks to a tanker rebound in the fourth quarter, but said 2020 is presenting a whole new range of challenges.

TradeWinds News March 13, 2020

COMMODITIES

COMMODITIES, (8:30 am CT )
         
CRUDE SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
Brent  ICE $/bbl 33.87 +0.65
WTI NYMEX $/bbl 31.90 +0.40
Dubai (Spot) Reuters $/bbl 0.00 -
         
PRODUCTS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
RBOB Gasoline  NYMEX ₵/gal 91.07 +1.32
Heating Oil  NYMEX ₵/gal 115.11 -0.87
         
NATURAL GAS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
US Henry Hub  NYMEX $/MMBtu 1.88 +0.04
UK National Balancing Point ICE $/MMBtu 2.96 -0.05
         
NATURAL GAS  LIQUIDS SOURCE LAST PRICE (₵/gal) LAST PRICE ($/mt) Δ PRIOR DAY CLOSE(₵/gal)
US Mont Belvieu Propane (Spot) Reuters 31.70 165.15 -
         
PRICE SPREADS ($/bbl) SOURCE LAST PRICE Δ PRIOR DAY CLOSE
Brent 3-2-1 Crack  ICE 4.89 -0.49
         

 

MARKETS

MARKETS
         
EQUITIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
S&P 500 United States 2,538.19 +57.55
FTSE 100 United Kingdom 5,323.75 +86.27
DAX Germany 9,232.08 +70.95
SH Composite China 2,887.43 -36.06
         
CURRENCIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
£/$ United Kingdom 1.24 -0.02
€/$ European Union 1.11 -0.01
$/JPY ¥ Japan 107.72 +3.09
$/CNY ¥ China 7.00 -0.02
         
                                                       
            EVENTS

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