Crooked Bough News Round-up

+ Iran’s oil minister calls U.S. sanctions a “war with no blood”—Iranian oil minister Bijan Zanganeh said on Monday that the United Sta...

+ Shell launches major cost-cutting drive to prepare for energy transition—Royal Dutch Shell is looking to slash up to 40% off the cost of produc...

+ OPEC watching Libyan oil restart closely, needs time to assess-sources—OPEC and its allies are watching efforts to resume oil output in Libya...

+ Oil recovery waits for international flying to return—Jet fuel consumption remains the hardest hit section of the global oil...

+ The Commodities Feed: Libyan oil set to make a return—Energy While oil did rebound over the course of last week, momentum ap...

+ Azerbaijani energy minister stresses importance of co-op within OPEC + format—All OPEC’s interests and goals in its 60 year-activity are based...

+ DUBAI FUTURES: Contango weakens slightly as trading ebbs off—The contango for benchmark Dubai crude futures weakened slightly at no...

+ Asia Distillates-Gasoil cash differentials inch up, front-month spread narrows—Asia’s cash differentials for 10 ppm gasoil ticked higher on Mon...

+ Possible hurricane may threaten Gulf oil, chems in US—A tropical depression in the Gulf of Mexico could strengthen into a hu...

+ Oil prices slip on potential Libyan output return, storm supports—Oil prices fell on Monday, weakened by the possible return of Libyan p...

+ Global oil demand to fully recover in Q2 2021, says Novak—The recovery of global oil demand is expected in the second quarter of...

+ Overcoming Digitization Challenges In The Oil And Gas Industry—We are in the middle of the digital transformation process in each ind...

+ Deteriorating financial situation due to COVID-19 leads to productivity decline of South American oil and gas pipeline sector, says GlobalData—The South American oil and gas pipelines sector has been impacted by w...

+ U.S. Gas Exporters Eye Europe’s Surging Prices—Natural-gas prices have surged in Europe following a plunge in the spr...

+ Growth across major Asian economies to drive petrochemicals demand in the region, says GlobalData—COVID-19 pandemic has significantly impacted the global economy in 202...

+ Oil prices slip on potential return of Libyan output; Gulf storm supports—Oil prices fell on Monday on the potential return of output from Libya...

+ China’s crude oil output up 2.3 pct in August—China’s crude oil output went up 2.3 percent year on year to 16....

+ New storm stirs in U.S. Gulf as oil production recovers from Sally—A new Tropical Storm stirred in the Gulf of Mexico off the coast of Me...

+ How the coronavirus crisis forced the largest oil supply cut in history—Early last spring, global oil markets were in free fall as the economi...

+ Bloated diesel stocks weigh down global oil market—Global distillate markets remain heavily oversupplied, sending margins...

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As of 9/22/20 4:09am. Last new 9/21/20 4:32pm.

+ “We are here to de-escalate and reassure merchant shipping”—Just appointed, the new command team of the European Maritime Awarenes...

+ Ship owner engaged in talks with pirates who abducted Russian sailors in May—Owners of the ship that Russian sailors have previously been abducted ...

+ ReCAAP: Six Armed Robbery Incidents in Asia During August—ReCAAP Information Sharing Centre released the August 2020 Report on t...

+ Piracy, other high seas crimes rise in Asia: report—Despite the coronavirus pandemic, piracy and other crimes have surged ...

+ Pirates kidnap two Russians from refrigerator ship in Gulf of Guinea—Pirates kidnapped two Russians from the refrigerator ship Water Phoeni...

+ Combined Maritme Forces And EUNAVFOR Discuss Counter-Piracy Campaigns—THE Combined Maritime Forces (CMF) and EUNAVFOR have held discussions ...

+ Continued Security Vigilance Recommended For Vessels Transiting Arabian Gulf (Ag), Straits Of Hormuz (Soh), Gulf Of Oman (Goo), Red Sea, Gulf Of Aden (Goa) And Indian Ocean—Increasing threats to, and intimidation of, commercial vessels have be...

+ Maritime piracy in Mexico… a ticking time bomb—Communication equipment, diving equipment, tools, wiring, metal caps, ...

+ Tackling piracy in Nigeria—The threat of piracy and kidnap has been persistent in the Niger Delta...

+ NIMASA lauds Nigerian Navy on enforcement of new anti-piracy law—The Director-General and Chief Executive Officer of Nigerian Maritime ...

+ Incidents at Batangas Anchorage, Philippines—Within an interval of seven days, two incidents of armed robbery again...

+ Somali police not guilty of piracy, EU says—The EU’s anti-piracy military mission in the Indian Ocean, Atala...

+ Somali pirates release last three hostages as armed men attack Panama-flagged ship—Somali pirates have released three Iranian hostages held for five year...

+ Somali pirates release last 3 hostages as armed men attack Panama-flagged ship—Somali pirates have released three Iranian hostages held for five year...

+ Iranian Forces Detain UAE Flagged Vessel—Reporting suggests that Emirati Coast Guard vessels shot at a number o...

+ How to achieve type approval for cyber security—Cyber security is a major concern for vessels at sea today. The impact...

+ Sea Piracy: NIMASA indicates turnaround in maritime security—The Director-General of the Nigerian Maritime Administration and Safet...

+ Nigeria convicts first pirates under new maritime law—A Nigerian court made the first convictions under a new anti-piracy la...

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As of 9/22/20 4:09am. Last new 9/21/20 4:32pm.

+ Damen And TCS Receive Innovation Award For Triton – A Connected Vessel Platform—Damen Shipyards Group and Tata Consultancy Services (TCS) have receive...

+ China’s Jan-Aug new ship orders down 4.5% on year—China’s shipbuilders received new vessel orders totalling about 15 mil...

+ Damen Launches Marine Aggregate Dredger For Hanson—On 11th September, Damen Shipyards Group launched a Marine Aggregate D...

+ 1000 Retrofit Engineering Projects: A Significant Milestone For Aries Marine Achieved By Employing Green Solutions—UAE based Aries Marine has acquired a significant milestone for comple...

+ Samsung Heavy likely to win $3bn order to build icebreakers for Russia’s Zvezda—Samsung Heavy Industries Co. is one step closer to winning a 3.6 trill...

+ Hyundai Samho delivers world’s first LNG-powered very large container ship—South Korean shipbuilder Hyundai Samho Heavy Industries Co Ltd said on...

+ Korean Shipbuilders Suffering a Drought of VLCC Orders—Korean shipbuilders are suffering a severe order drought. Even orders ...

+ Fincantieri taps TMC for MSC’s ultra-luxury cruise ships—International compressor supplier TMC Compressors (TMC) has won a cont...

+ Are shipyards short-sighted? Why shipping needs to change focus for a sustainable future—Asbjørn Halsebakke, Director, Technical Solutions, Marine, Yaskawa Env...

+ Korea, China and Japan Competing for LNG-powered Vessel Orders—Shipbuilders in Korea, China, and Japan are having fierce competition ...

+ Korean Shipbuilders in Competition to Develop Eco-friendly and Fuel-saving Smart Ships—Recently, competition is heating up among domestic shipbuilders to dev...

+ Zvezda shipyard to construct 15 Arc7 tankers for Arctic LNG 2—Arctic LNG 2 entered into long-term charter agreements on 14 Arc7 ice-...

+ Panama Announces Market Consultation For The Renovation, Development, Administration And Operation Of The Only Shipyard In The Whole Pacific Region—The Minister of Maritime Affairs, Arch. Noriel Araúz announced that he...

+ Korean shipyards top global order book for 2nd straight month in August—South Korean shipbuilders topped the global order book for the second ...

+ DSCT lays keel for second Project BIRO vessel—On 28th August, Damen Shipyards Cape Town (DSCT) held a keel-laying. T...

+ Damen delivers FCS 2710 ‘Green Waves’ to Rederij Groen—On 4th September, Damen Shipyards Group delivered a Fast Crew Supplier...

+ GTT receives an order for the design of the tanks of six new LNG Carriers—GTT has received an order from Korean shipyards Hyundai Heavy Industri...

+ Cochin Shipyard eyes opportunities in inland water, fishing segments: CMD—Cochin Shipyard Ltd (CSL), which has embarked on a 10-year strategy to...

+ NIMASA partners South Korea in Nigeria’s shipping sector development—The federal government, through the Nigerian Maritime Administration a...

+ Mitsubishi Shipbuilding Marine SOx Scrubber System “DIA-SOx” Installation Completed Onboard 22 Ships Year-to-Date—DIA-SOx that the marine SOx scrubbers produced by Mitsubishi Shipbuild...

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As of 9/22/20 4:09am. Last new 9/21/20 5:05pm.

+ Global Trade Returns Faster Than Expected—Global trade is rebounding much more quickly this year than it did aft...

+ Global banks seek to contain damage over $2 trillion of suspicious transfers—Global banks faced a fresh scandal about dirty money on Monday as they...

+ China: Development transforming to new model—China’s economic growth will be increasingly driven by domestic ...

+ China’s trust assets shrink in second quarter—The assets of China’s trust industry have been shrinking amid ti...

+ ‘FinCEN’ documents reportedly show banks moved illicit funds – BuzzFeed, ICIJ—Several global banks moved large sums of allegedly illicit funds over ...

+ European Central Bank to review bond-buying tool launched in response to pandemic – FT—The European Central Bank (ECB) will review its emergency bond purchas...

+ ECB wants to cut reporting burden for banks—The European Central Bank wants to simplify reporting requirements for...

+ More long-term thinking is needed to protect the UK economy—What a difference a matter of weeks makes – in that little time Englan...

+ UK manufacturers see little sign of ‘V’-shaped recovery—British manufacturers see no evidence of a ‘V’-shaped recovery from th...

+ It’s the economy, stupid: Biden frames the choice as between Scranton and Park Avenue—When this presidential campaign began, the economy was supposed to be ...

+ EU sanctions more firms accused of breaking Libya arms embargo, diplomats say—European Union foreign ministers agreed on Monday to impose economic s...

+ China keeps lending benchmark lending rate steady for 5th straight month—China kept its benchmark lending rate for corporate and household loan...

+ Shanghai to play top-class role as int’l financial center—Shanghai is expected to play an increasingly important role as a finan...

+ Regulators warn banks against pressure tactics in debt raisings—Banks advising companies taking on debt to recover from the pandemic m...

+ Deutsche Bank: Global GDP to hit pre-COVID-19 levels in mid-2021—World economic output will return to its pre-pandemic level by mid-202...

+ HSBC and StanChart shares tumble after reports claim they moved suspicious funds; Hong Kong leads losses in Asia-Pacific—Hong Kong-listed shares of Standard Chartered and HSBC tumbled on Mond...

+ Fairer Economies: What are the challenges in making economies more sustainable?—Without a doubt, human life has improved a great deal in recent decade...

+ China releases details on its own blacklist, raising uncertainty for foreign businesses—The Chinese government is stepping up pressure on foreign businesses n...

+ Taiwan export orders grow at fastest pace in over two-and-a-half years—Taiwan’s export orders grew at their fastest pace in more than two-and...

+ Italy sees GDP down 9% this year, rising more than 5% in 2021 – sources—Italy expects its coronavirus-hit economy to grow by more than 5% next...

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As of 9/22/20 4:09am. Last new 9/22/20 4:09am.

+ Friends of Europe: In Conversation with Kristalina Georgieva on Pursuing a Green Economic Recovery—As prepared for delivery Let me first start by saying how impressive t...

+ Building confidence crucial amid an uncertain economic recovery—With the COVID-19 pandemic continuing to threaten jobs, businesses and...

+ More can be done to ensure a green recovery from COVID-19 crisis—Many countries are making “green” recovery measures a central part of ...

+ Unprecedented falls in GDP in most G20 economies in second quarter of 2020—COVID-19 containment measures weighed heavily on economic activity in ...

+ IMF says coronavirus crisis ‘far from over’, more support needed—The International Monetary Fund on Wednesday warned that the coronavir...

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As of 9/22/20 4:09am. Last new 9/17/20 3:50pm.

+ Hempel rolls out underwater hull inspection service with ROVs—Denmark-based coatings manufacturer Hempel has launched an underwater ...

+ ITF warns of shipping’s backslide on safety & seafarers’ rights amid COVID-19 impact—The COVID-19 pandemic’s impact on the shipping industry goes bey...

+ Over 1 tonne of drugs found in container onboard Maersk Sembawang—More than a tonne of drugs – 1,196 kilogrammes of heroin and morphine ...

+ UK: Over 1 tonne of drugs found on Maersk Sembawang—More than a tonne of drugs – 1,196 kilogrammes of heroin and morphine ...

+ Keppel secures FSRU conversion job—Singapore’s Keppel Offshore & Marine has secured a couple of contr...

+ Penglai Zhongbai Jinglu Shipbuilding wins order for MR2 pair from Raffles Shipping—Singapore-based Raffles Shipping International has placed an order for...

+ VIDEO: “The luxury of fossil fuels is over”—“We need to find the next solution after fossil fuels, luxury is...

+ US senators introduce bill to enable resumption of cruising—Last week, US senators Rick Scott and Senator Marco Rubio introduced t...

+ SOV for Hornsea Two OWF launched in Turkey—Louis Dreyfus Armateurs’ (LDA’s) new service operations ve...

+ Watch Kotug tugboat operate autonomously—Maritime service provider KOTUG International, ship design company Rot...

+ Seacat Services orders next-generation CTVs—UK-based offshore energy support vessel operator Seacat Services has o...

+ Hyundai LNG Shipping’s LPG carrier gets CS Ready notation—The Korean Register has issued the world’s first Cyber Security (CS Re...

+ MUA calls off industrial action plans for DPWA as liners battle congestion—The Maritime Union of Australia (MUA) withdrew its industrial action a...

+ Minerva Gas lays keel for LNG tanker newbuild—Minerva Gas, the Greek LNG carrier owner and operator, has completed t...

+ OSM to acquire SeaTeam from Frontline, Golden Ocean—Norwegian maritime services provider OSM Maritime (OSM) revealed that ...

+ Baleària launches LNG-fueled ferry—Spanish ferry operator Baleària has launched its LNG-fueled fast-ferry...

+ Viking ship runs aground off Finland, all passengers evacuated—A ferry operated by Finnish company Viking Line has run aground in the...

+ World’s largest LNG bunker vessel named in Rotterdam—The world’s largest LNG bunker vessel, Gas Agility, has been officiall...

+ Nakilat transitions Al Rekayyat to in-house management—Qatari LNG shipping giant Nakilat has taken the next step in the secon...

+ Sri Lanka to charge New Diamond captain, seek $1.9M in damages—The captain of the fire-stricken very large crude carrier New Diamond ...

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As of 9/22/20 4:09am. Last new 9/22/20 4:09am.