March 19, 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 188,200 66,600
Suezmax, 130  WAF-UKC 77,700 46,600
Aframax, 70 CAR-USG 49,000 61,500
Panamax, 50  CAR-USG 47,200 50,700
       
CLEAN TANKER (KT - $/day) VOYAGE SPOT TCE EARNINGS 2020 AVG. RATE
MR, 37  UKC-USAC 28,800 20,500
MR, 38  USG-UKC 19,200 15,000
LR1, 55 AG-FE 37,300 14,400
LR2, 75 AG-FE 54,600 21,200
       
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) 59.90 51,961  
       
BUNKERS ($/mt) VLFSO  HSFO  MGO
US Gulf 292.5 207.5 351.5
Rotterdam 233.0 181.5 289
Singapore 281.5 199.0 313

ENERGY NEWS

Oil up after three-day plunge but coronavirus curbs gains.

U.S. oil prices rose 10% on Thursday after a three-day sell-off as the spread of the coronavirus and a battle for market share between Saudi Arabia and Russia drove prices to their lowest in almost 20 years.

Reuters March 19, 2020                                

The Panama Canal announces precautionary actions against COVID-19.

The Panama Canal is closely monitoring the evolving COVID-19 outbreak and has adopted a series of measures to protect its personnel and prevent further spread of the virus, it said in a statement Wednesday.

Seatrade Maritime News March 19, 2020

PetroChina’s pipeline gas supply cuts unlikely to boost prompt LNG demand.

Chinese state-owned PetroChina’s move to reduce its pipeline gas imports after two months of weak domestic demand due to COVID-19 is unlikely to boost short-term LNG imports because of high inventories and a slow demand recovery.

Hellenic Shipping News March 19, 2020

 

AET scores healthy price for 17-year-old VLCC as values rise.

Malaysian tanker owner AET has sold its oldest VLCC at a price that demonstrates rising values for VLCCs, even for one that's 17 years old. European brokers said the company has sold the 300,000-dwt Bunga Kasturi (built 2003) for $32m. The buyer is undisclosed.

TradeWinds News March 19, 2020

COMMODITIES

COMMODITIES, (8:30 am CT )
         
CRUDE SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
Brent  ICE $/bbl 27.00 +2.12
WTI NYMEX $/bbl 24.11 +3.74
Dubai (Spot) Reuters $/bbl 0.00 -
         
PRODUCTS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
RBOB Gasoline  NYMEX ₵/gal 66.18 +2.41
Heating Oil  NYMEX ₵/gal 99.10 +3.68
         
NATURAL GAS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
US Henry Hub  NYMEX $/MMBtu 1.65 +0.05
UK National Balancing Point ICE $/MMBtu 2.65 +0.10
         
NATURAL GAS  LIQUIDS SOURCE LAST PRICE (₵/gal) LAST PRICE ($/mt) Δ PRIOR DAY CLOSE(₵/gal)
US Mont Belvieu Propane (Spot) Reuters 28.92 150.68 -4.00
         
PRICE SPREADS ($/bbl) SOURCE LAST PRICE Δ PRIOR DAY CLOSE
Brent 3-2-1 Crack  ICE 1.41 -0.84
         

 

MARKETS

MARKETS
         
EQUITIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
S&P 500 United States 2,435.93 +37.83
FTSE 100 United Kingdom 5,139.64 +59.06
DAX Germany 8,579.10 +137.39
SH Composite China 2,702.13 -26.63
         
CURRENCIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
£/$ United Kingdom 1.17 +0.01
€/$ European Union 1.07 -0.02
$/JPY ¥ Japan 110.04 +1.98
$/CNY ¥ China 7.11 +0.06
         
                                                       
            EVENTS

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.