Crooked Bough News Round-up

+ Spike in domestic oil prices not justified—Key factors such as international crude prices, exchange rates, subsid...

+ Asia’s physical crude oil isn’t as tight as Brent pricing suggests—When a market gets behind a narrative it’s tempting to discount factor...

+ The Commodities Feed: Key OPEC+ meeting this week—Energy Oil prices have had a strong start to the week, with ICE Brent ...

+ OPEC oil output drops in February as Saudi makes further cut: survey—OPEC oil output dropped in February as a voluntary cut by Saudi Arabia...

+ Oil down more than 1% on Chinese fuel demand doubts, OPEC supply concerns—Oil prices fell more than 1% on Monday as fears that Chinese oil crude...

+ Asia crude: Key market indicators this week—The crude oil market in Asia was rangebound March 1 as participants aw...

+ UAE’s Abu Dhabi forms new board for ADNOC amid spending spree—The UAE’s emirate of Abu Dhabi has formed a new board of directo...

+ DUBAI FUTURES: Brent/Dubai April EFS narrows; Focus on OPEC+ meet, Asian buying trends—Front-month exchange of futures for swaps narrowed mid-morning on Marc...

+ Aramco seeks one-year extension on $10 billion loan: sources—Saudi Aramco has asked banks to extend by a year a $10 billion loan it...

+ Oil jumps on vaccine optimism, U.S. stimulus—Oil prices rose on Monday, supported by optimism about COVID-19 vaccin...

+ Crude oil’s fate could be in hands of commodity supercycle—The battle lines have been drawn in the oil supercycle debate. On one ...

+ Big freeze completes rebalancing of U.S. gas market—Following last week’s extreme cold weather, U.S. gas prices have falle...

+ US natural gas production hits 11-month high as V-shaped recovery takes hold—A rapid recovery in output from shale basins hard hit by the mid-Febru...

+ Oil jumps on vaccine optimism, U.S. stimulus—Oil prices rose more than $1 on Monday, supported by optimism over COV...

+ Here’s what the oil market thinks OPEC+ should do next—Major oil producers will put their negotiation skills to the test when...

+ UAE says OPEC adding 1.5 mil b/d in April hinges on vaccine rollout, demand recovery—The chance of OPEC and its allies agreeing to increase crude output by...

+ REFINERY NEWS ROUNDUP: China’s Zhejiang to raise capacity by 2025; Japan’s runs down on earthquake—China’s Zhejiang province in the eastern coast aims to have 90 m...

+ Rising volatility in marine markets lifts hedging against Platts instruments: ICE—Big swings in marine fuel prices and freight rates due to IMO 2020 and...

+ Review of the global oil demand trend—The historical drop in global oil demand of 9.7 mb/d y-o-y in 2020, as...

+ ‘Saudi surprise’ output cut fuels oil price surge past $60 a barrel—The price of crude oil rose above $60 a barrel on Monday for the first...

show more ...

see all...

As of 3/2/21 2:59am. Last new 3/1/21 5:30pm.

+ UKMTO Weekly Piracy Report 21 Feb – 27 Feb 2021—Warnings, advisories and piracy incidents in the Indian Ocean Area by ...

+ Annual Report Dryad Global—A year like no other. In 2020, the global economy endured its deepest ...

+ Why is piracy increasing on the Gulf of Guinea?—The container ship Mozart was more than 200 nautical miles (370 kilome...

+ UKMTO Weekly Piracy Report 14 Feb – 20 Feb 2021—Warnings, advisories and piracy incidents in the Indian Ocean Area by ...

+ Safety Risk Through Pirate Servicing—Unauthorised servicing of life saving equipment could jeopardise more ...

+ Sailors kidnapped off Nigeria return to Turkey, describe death threats and forest captivity—Fifteen Turkish sailors kidnapped by pirates last month in the Gulf of...

+ Turkish sailors freed after kidnapping off Nigeria: company executive—Fifteen Turkish sailors kidnapped by pirates last month in the Gulf of...

+ UKMTO Weekly Piracy Report 07 Feb – 13 Feb 2021—Warnings, advisories and piracy incidents in the Indian Ocean Area by ...

+ ‘Bridge Cards’ for use in high-risk areas—As highlighted in our previous alert “Maritime security recommendation...

+ ReCAAP ISC: Seven Incidents Against Ships In Asia In January 2021—In January 2021, seven incidents of armed robbery against ships¹ were ...

+ What will eventually happen with the Integration of Cyber Security in the ship’s SMS doc – The Adaptation of Cyberculture to the Maritime Industry—With the help of BIMCO, NIST, ISO 27K etc., the IMO Directive for the ...

+ Coalition Announces Stakeholders Conference—The International Maritime Security Construct (IMSC) has announced its...

show more ...

see all...

As of 3/2/21 2:59am. Last new 2/28/21 6:22pm.

+ SembMarine losses likely to continue, ‘multiple headwinds’ ahead: analyst—The recovery of marine and offshore engineering group Sembcorp Marine ...

+ Tender Document for the operation of the Balboa Shipyard in Panama Compras—The Panama Maritime Authority (AMP), in order to strengthen the auxili...

+ Samsung Heavy Industries to Pay Settlement Money in Brazil—Samsung Heavy Industries announced on Feb. 23 that it reached an agree...

+ Cochin Shipyard to build big dredgers with technology support from IHC Holland—In a significant breakthrough, state-run Cochin Shipyard Ltd will buil...

+ Sembcorp Posts Underlying FY2020 Net Profit of S$301 Million Amid a Challenging Year—Sembcorp Industries (Sembcorp) posted a Group net profit of S$301 mill...

+ Korea Leading Global Shipbuilding Industry—South Korea topped the global ranking in shipbuilding orders in Januar...

+ KOSE joins Korea’s tanker hot streak with new orders of $489 mn—Korea Shipbuilding & Offshore Engineering Co. (KSOE) extended Kore...

+ 5G eases shipbuilder’s manufacturing work—Zhang Hua’s work at a shipyard in Dalian, Liaoning province, has...

+ Samsung Heavy wins near $1 billion LNG-powered ship order this week—South Korea’s Samsung Heavy Industries Co. extends winning streak in t...

+ Vyborg Shipyard : Raising of flag of Russian Federation on trawler Barentsevo More—On February 4, there was held an official Russian Federation flag-rais...

+ GTT: 2020 full-year results – Excellent performance and objectives achieved—GTT (Gaztransport & Technigaz), a technology and engineering compa...

+ Samsung Heavy Industries Books Order for 4 LNG-powered VLCCs—Samsung Heavy Industries announced on Feb. 18 that it has won an order...

+ Yangzijiang Shipbuilding incorporates new subsidiary for RMB10 mil—Yangzijiang Shipbuilding (Holdings), has, through its indirect wholly-...

+ Latest thinking on UK Shipbuilding Strategy to be revealed at SMI annual conference—Maritime businesses and professionals from across the UK and the world...

+ Damen Shipyards Cape Town holds blessing ceremony for first IPV—On 12th February, the South African Navy (SAN) held a blessing ceremon...

+ Daewoo Shipbuilding & Marine Engineering to Supply Four Container Ships to European Shipowner—Daewoo Shipbuilding & Marine Engineering announced on Feb. 16 that...

+ Deep Freeze Shuts Houston Ship Channel As Energy Closures Mount—A deep freeze continued to wreak havoc on the U.S. energy sector, brin...

+ Petronas invites bids for building of 16 OSVs—In view of its ageing fleet of offshore support vessels (OSVs) for the...

+ With its “NH3 Ready” membrane tanks and their alternative “1 barg” tank pressure rating recognized by Bureau Veritas, GTT technology offers increased flexibility to ship-owners—GTT has obtained two Approvals in Principle (AiP) from Bureau Veritas,...

show more ...

see all...

As of 3/2/21 2:59am. Last new 3/1/21 10:01am.

+ UK factory output grows at slowest since May, consumer lending slides—British manufacturers reported their slowest output growth since May l...

+ Strong exports lift German factory activity to three-year high in February: PMI—Higher demand from China, the United States and Europe drove growth in...

+ Economy reviving, but renewed surge of Covid-19 infections poses risk: RBI—Economic activity is gaining steam, but considerable uncertainty surro...

+ European Retail Credit Pressures Should Gradually Subside—There are unlikely to be further large-scale defaults or bankruptcies ...

+ The Economy, Oil Demand And Prices—Given data lags and uncertainty, it is often said that the Fed guidanc...

+ Has China lifted 100 million people out of poverty?—Chinese President Xi Jinping says his country has reached the ambitiou...

+ Leveraged Lending a Growing but Manageable Risk for U.S. Banks—Credit risk for those U.S. banks and non-bank entities active in corpo...

+ French factory activity grows faster in February: PMI—French manufacturing activity expanded at a faster rate in February, a...

+ New opportunities for world in higher-level opening-up—Starting March 1, China Daily will invite scholars and experts to take...

+ Exports To China: Stellar growth begins to slow—However, in the following months, export growth moderated, partly beca...

+ Turkey emerges from COVID-19-hit 2020 with 1.8% economic growth—Turkey’s economy grew 5.9% in the fourth quarter tmsnrt.rs/3dVom...

+ Pent-up demand driving global factory revival—Demand for manufactured goods drove extended growth in factories acros...

+ China Private Factory Gauge Weakens to Nine-Month Low—China’s manufacturing activity eased in February, posting the sl...

+ China’s aging population is a bigger challenge than its ‘one-child’ policy, economists say—China’s decades-old one-child policy gained renewed attention in the l...

+ US owes India $216 bn as American debt soars to $29 trillion: Lawmaker—The US, the world’s largest economy, owes India $216 billion in ...

+ WTO to hold ministerial meeting in Geneva in late 2021: sources—World Trade Organization members agreed on Monday to hold the next maj...

+ Dubai GDP to return to pre-crisis levels only in 2023 – S&P—Economic recovery in Dubai, the Middle East business hub, will be subd...

+ France steps up economic stimulus rollout with more cash for industry—The French government is accelerating the rollout of its economic stim...

+ U.S. manufacturing activity hits three-year high; cost pressures accelerating—U.S. manufacturing activity increased to a three-year high in February...

+ Euro zone factories buzzing in February as demand soars—Euro zone factory activity raced along in February thanks to soaring d...

show more ...

see all...

As of 3/2/21 2:59am. Last new 3/1/21 5:31pm.

+ IMF to propose ways to improve transparency of trade in SDR currency reserve—The International Monetary Fund said it would propose ways to improve ...

+ IMF to propose ways to improve transparency of trade in SDR currency reserve (25)—The International Monetary Fund said it would propose ways to improve ...

+ Governments should harness benefits of digital cash, address risks: IMF—Policymakers should aim to harness the benefits of digital currencies ...

+ OECD calls on countries to crack down on the professionals enabling tax and white collar crimes—Countries should increase efforts to better deter, detect and disrupt ...

+ G20 needs to deliver $650 billion IMF boost, extend debt relief: campaigners—The 20 biggest economies need to back a $650 billion boost to the Inte...

+ IMF chief urges G20 action to reverse global economy’s ‘dangerous divergence’—Group of 20 countries should take strong policy actions to reverse a “...

+ ‘Financial crisis compelled govt to turn to IMF’—Federal Minister for Finance Dr Abdul Hafeez Shaikh has said the gover...

show more ...

see all...

As of 3/2/21 2:59am. Last new 2/28/21 6:22pm.

+ TORM acquires Team Tankers’ MR fleet—Danish shipping company TORM has entered into an agreement to buy eigh...

+ Watch: Odyssey of the Seas squeezes down the Ems River in reverse—Odyssey of the Seas, Royal Caribbean International’s brand-new s...

+ LNG bunkering barge Q-LNG 4000 arrives at Port Canaveral—Quality Liquefied Natural Gas Transport's (QLNG) newbuild arrived at F...

+ Israel clears Minerva Helen from oil spill links, expands investigation to more ships—A team of investigators led by the Ministry of Environmental Protectio...

+ Total granted LNG bunkering license in Singapore—The Maritime and Port Authority of Singapore (MPA) said it has granted...

+ Ferus Smit to build Ecobox XL pair for Symphony—Dutch shipbuilder Ferus Smit to build two Ecobox XL ships for Symphon...

+ Containerships Borealis completes maiden voyage—Containerships Borealis, the newest LNG-powered vessel of CMA CGM's un...

+ Port of Corpus Christi, Port of Rotterdam join forces—The U.S. energy export gateway Port of Corpus Christi has teamed up wi...

+ Fincantieri posts EUR 245 million loss for 2020—Italian shipbuilding heavyweight Fincantieri reported a net loss of EU...

show more ...

see all...

As of 3/2/21 2:59am. Last new 3/2/21 2:59am.