| 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 | 219,000 | 64,400 |
| Suezmax, 130 | WAF-UKC | 112,900 | 46,000 |
| Aframax, 70 | CAR-USG | 48,200 | 61,700 |
| Panamax, 50 | CAR-USG | 46,500 | 50,800 |
| CLEAN TANKER (KT - $/day) | VOYAGE | SPOT TCE EARNINGS | 2020 AVG. RATE |
| MR, 37 | UKC-USAC | 28,300 | 20,400 |
| MR, 38 | USG-UKC | 20,900 | 15,000 |
| LR1, 55 | AG-FE | 36,700 | 14,000 |
| LR2, 75 | AG-FE | 54,000 | 20,600 |
| TIME CHARTER (KDWT) | 1YR ECO RATE ($/day) | NEWBUILD PRICE ($M ) | SECONDHAND 5YR PRICE ($M) |
| VLCC , 200+ | 70,000 | 92.0 | 77.5 |
| Suezmax, 130-200 | 45,000 | 61.0 | 54.5 |
| Aframax, 80-130 | 34,500 | 51.0 | 42.0 |
| LR2, 80-130 | 34,500 | 53.0 | 44.0 |
| 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 - $/day) | VOYAGE | WEEKLY SPOT RATE | 2020 AVG. RATE |
| Handy, 38 | USG-USAC | 68,173 | 68,300 |
| LNG ($/day) as of 13-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) | 59.10 | 50,767 | |
| BUNKERS ($/mt) | VLFSO | HSFO | MGO |
| US Gulf | 319.0 | 212.5 | 362 |
| Rotterdam | 250.5 | 183.0 | 297 |
| Singapore | 303.5 | 204.5 | 312.5 |
ENERGY NEWS
U.S. crude hits 18-year low as lockdowns spread.
Oil prices fell for a third session on Wednesday, with U.S. crude futures tumbling to an 18-year low and Brent hitting a more than 16-year low as travel and social lockdowns to counter the coronavirus raised prospect of the steepest ever annual fall in oil demand.
Posidonia postponed to end October. In view of the escalating challenges as a result of the Coronavirus-COVID-19 pandemic.
Posidonia 2020, Greece’s international shipping exhibition has been re-scheduled from the first week of June to the end of October 2020.
Shipowner organisations highlight the risks of banning crew changes.
Shipowner organisations are highlighting the difficulties that regulations aimed at preventing the spread of the coronavirus – COVID-19 – are having on crew changes, and as well as inspections and repairs.
Seatrade Maritime News March 18, 2020
Russia lines up LNG ship-to-ship transfer trial off Kildin Island.
Two LNG carriers have been identified as likely candidates for a ship-to-ship (STS) transfer test operation that Russian gas company Novatek wants to carry out at a new location in domestic waters.
| COMMODITIES, (8:30 am CT ) | ||||
| CRUDE | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| Brent | ICE | $/bbl | 26.48 | -2.25 |
| WTI | NYMEX | $/bbl | 23.51 | -3.44 |
| Dubai (Spot) | Reuters | $/bbl | 0.00 | - |
| PRODUCTS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| RBOB Gasoline | NYMEX | ₵/gal | 68.41 | -2.73 |
| Heating Oil | NYMEX | ₵/gal | 98.12 | -5.45 |
| NATURAL GAS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| US Henry Hub | NYMEX | $/MMBtu | 1.64 | -0.09 |
| UK National Balancing Point | ICE | $/MMBtu | 2.63 | -0.07 |
| NATURAL GAS LIQUIDS | SOURCE | LAST PRICE (₵/gal) | LAST PRICE ($/mt) | Δ PRIOR DAY CLOSE(₵/gal) |
| US Mont Belvieu Propane (Spot) | Reuters | 31.54 | 164.34 | -2.00 |
| PRICE SPREADS ($/bbl) | SOURCE | LAST PRICE | Δ PRIOR DAY CLOSE | |
| Brent 3-2-1 Crack | ICE | 2.57 | +1.10 | |
MARKETS
| MARKETS | ||||
| EQUITIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| S&P 500 | United States | 2,421.46 | -107.73 | |
| FTSE 100 | United Kingdom | 5,129.63 | -165.27 | |
| DAX | Germany | 8,564.42 | -374.68 | |
| SH Composite | China | 2,728.76 | -50.88 | |
| CURRENCIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| £/$ | United Kingdom | 1.18 | -0.03 | |
| €/$ | European Union | 1.09 | -0.01 | |
| $/JPY ¥ | Japan | 108.11 | +0.44 | |
| $/CNY ¥ | China | 7.04 | +0.04 | |
The safety of our clients and employees is of the utmost importance, so we have decided to postpone event participation due to the public gathering risks associated with Covid-19. Please watch our social media channels for further updates.