Crooked Bough News Round-up

+ Maersk Drilling awarded contract offshore Brazil with Shell—Maersk Drilling has secured a contract from Shell Brasil for the provi...

+ Gazprom says 800 million cubic metres of gas escaped from pipelines -Tass—A spokesman for Kremlin-controlled gas giant Gazprom (GAZP.MM) on Frid...

+ ENGINE: Americas Bunker Fuel Availability Outlook—North America Prompt VLSFO and LSMGO grades are readily available in t...

+ Weekly oil outlook: Middle East to witness increased spot demand—The spread between Dubai and Brent, also known as the EFS, continued t...

+ OPEC oil output in Sept hits highest since 2020 – survey—OPEC oil output rose in September to its highest since 2020, surpassin...

+ OPEC: Assessment of the global economy—Economic growth is forecast to remain robust at 3.1% in 2022. Consumer...

+ EU edges towards more sanctions on Russia—European Union countries on Friday edged towards agreeing what would b...

+ Oil heads for weekly gain as OPEC+ considers output cut—Oil prices were on track for their first weekly gain in five on Friday...

+ US gasoline stocks tighten amid stronger demand, weak refinery runs—A steep decline in refinery utilization and rising demand contributed ...

+ The Commodities Feed: Price caps and production cuts—Energy Germany gas price cap There is increasing noise that OPEC+ wil...

+ Oil poised for weekly gain on prospect of OPEC+ output cut, weaker dollar—Oil prices were little changed during Asian trade on Friday, though he...

+ 15 EU member states call for price cap on all wholesale gas transactions—A total of 15 EU member states have called on the European Commission ...

+ EU countries to back energy windfall levies, turn to gas price cap—European Union countries began meeting on Friday to approve emergency ...

+ Oman crude oil, condensates output up 10% by August—Oman’s production of crude oil and condensates recorded an increase by...

+ OPEC+ has begun talks on output cut at Oct. 5 meeting – OPEC source—Leading OPEC+ members have begun discussions about an oil output cut a...

+ Upstream producers restore nearly 33,000 b/d of US Gulf oil output as Hurricane Ian moves ashore Florida—Upstream producers in the US Gulf of Mexico restored nearly 33,000 b/d...

+ Oil and coal sectors think more fossil fuels is the solution. Probably not—If there is one thing the oil and coal industries can agree upon, its ...

+ Toyota president calls meeting California zero-emissions requirements ‘difficult’—Toyota Motor Corp (7203.T) President Akio Toyoda said Californias new ...

+ IEA Birol: “very obvious” who was behind the Nord Stream sabotage—Fatih Birol, head of the International Energy Agency (IEA), said on Th...

+ China’s petchem production costs way below Europe’s – exec—China’s production costs for petrochemicals such as ethylene are lower...

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As of 10/1/22 1:59pm. Last new 9/30/22 5:34pm.

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As of 10/1/22 1:59pm. Last new 9/22/22 8:02am.

+ International Maritime Industries championing newly launched Global Maritime Fund, managed by Pelagic Partners—International Maritime Industries (IMI), the largest shipyard in the M...

+ Damen introduces new sustainable Pusher Tug—The newly developed versatile inland vessel Damen Riverbuster 1909 is ...

+ Maritime industry unites to call for earmarking of ETS revenues—European shipowners, ports, the cruise sector, shipyards and equipment...

+ MHI-MME Confirmed the Completion of Shop Trial of a Main Engine Equipped with the World’s Largest Turbocharger (MET90MB)—Mitsubishi Heavy Industries Marine Machinery Equipment Co., Ltd. conf...

+ GTT receives approval in principle from bureau veritas for the design of a LNG-Fuelled & “NH3 ready” very large crude carrier—GTT received an Approval in Principle (AiP) from Bureau Veritas for a ...

+ Keppel O&M secures repeat newbuild FPSO contract worth US$2.8b from Petrobras—Keppel Offshore Marine (Keppel OM)’s wholly owned subsidiary, Keppel ...

+ VARD taps Hydroniq Coolers for Germany-bound trawler—The shipbuilding group VARD has contracted Hydroniq Coolers to deliver...

+ Viking Polaris delivered—We are proud to announce that VARD has delivered Viking Polaris, the s...

+ China’s shipbuilding progress threatens South Korea’s long-held tech dominance in the industry—Even as August marked an end to its months-long stretch with the bigge...

+ GTT receives an Approval in Principle from Lloyd’s Register for its new “POWER” digital solution—GTT has been granted an Approval in Principle (AiP1) from Lloyd’s Regi...

+ Explosive market demand boosts China’s LNG shipbuilding—Chinese shipbuilders have secured growing orders for producing liquefi...

+ Høglund lands six repeat orders to supply integrated automation and control for VLECs at Jiangnan shipyard—Automation specialist Høglund Marine Solutions has signed six more con...

+ Avikus seen as key for Hyundai Heavy heir to inherit group’s control—Avikus has emerged as one of the most important subsidiaries of Hyunda...

+ Dollar dearth, demand drop sink ship-breaking industry—Scrap-ship imports have drastically dropped for dollar dearth and dema...

+ Hanwha signs conditional takeover deal with DSME for W2tr—South Koreas defense-to-energy conglomerate Hanwha Group said Monday i...

+ International Group of P&I Clubs lays out Sustainability report and updated Correspondents Guidelines to global network—The International Group of Protection and Indemnity Clubs (IGPI) has s...

+ Daewoo Shipbuilding plans $1.4 bln capital increase as per agreement with Hanwha Group affiliates—South Koreas Daewoo Shipbuilding Marine Engineering Co Ltd 042660.KS ...

+ QatarEnergy shipbuilding programme ‘set to grow’—QatarEnergy has concluded construction and long-term charter contracts...

+ Shipbuilding: S.Korea finance minister says more FX stabilising measures on the way—South Koreas finance minister said the government would prepare more m...

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As of 10/1/22 1:59pm. Last new 9/30/22 10:39am.

+ China’s services sector activity slows in Sept – official PMI—Chinas services activity expanded at a slower pace in September, an of...

+ Mester: Fed will watch growth concerns after clear progress on inflation—Fed officials at some point will begin balancing concerns about growth...

+ U.S. Core PCE rise keeps aggressive Fed scenario in place—The personal consumption expenditures (PCE) price index rose 0.3% last...

+ Turkish trade deficit jumps 160% in August -stats institute—Turkeys foreign trade deficit surged 159.9% year-on-year to $11.19 bil...

+ Inflation falls in France but pressure is not moderating—A fall in inflation expected, but misleading As expected, consumer pri...

+ Weaker Global Demand Adds to External Risks for African Sovereigns—Deteriorating prospects for global demand in 2023 will add to external...

+ European Commission and the European Bank for Reconstruction and Development deepen their partnership to boost private sector investment in partner countries—Today, Commissioner for International Partnerships, Jutta Urpilainen, ...

+ China central bank makes biggest weekly net cash injection since Jan 2020—Chinas central bank made the biggest weekly liquidity injection on a n...

+ Dollar shock threatens global economy—Rising interest rates and a rapidly appreciating currency are exportin...

+ One-way economy flights from Moscow to Dubai are nearly $5,000 as Russians flee mobilization call—One-way economy flights from Moscow to Dubai are going for as much as ...

+ German unemployment rises in September as Ukrainian refugees enter system—German unemployment rose in September, Labour Office figures showed on...

+ Euro zone inflation hits record high 10%, raising pressure on ECB—Euro zone inflation zoomed past forecasts to hit a fresh record high t...

+ Japan’s data surprises on the upside—Industrial production recorded a third monthly gain in August Industri...

+ EU watchdog says banks need $1.2 billion to meet capital rules in full—Banks in the European Union will collectively need a further 1.2 billi...

+ UK economy grew in Q2 but was below pre-pandemic size—Britains economy grew in the second quarter but was still below its pr...

+ China will consolidate economic recovery -state media citing premier—China will strive to consolidate its economic recovery as the countrys...

+ U.S. consumer spending rebounds, but high inflation eroding demand—U.S. consumer spending increased more than expected in August, but agg...

+ Euro zone unemployment unchanged at record low of 6.6%—Euro zone unemployment was unchanged at a record low of 6.6% of the wo...

+ EU watchdog says banks need $1.2 billion to meet capital rules in full—Banks in the European Union will collectively need a further 1.2 billi...

+ China’s Sept factory activity contracts more sharply as demand slumps – Caixin PMI—Chinas factory activity contracted at a sharper pace in September as s...

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As of 10/1/22 1:59pm. Last new 9/30/22 5:34pm.

+ IMF and Moody’s censure UK policy, Bank of England says will act big—The International Monetary Fund (IMF) and ratings agency Moodys critic...

+ IMF says UK fiscal measures will ‘likely increase inequality,’ urges rethink—The International Monetary Fund on Tuesday took aim at new British fin...

+ Energy, inflation crises risk pushing big economies into recession – OECD—Global economic growth is slowing more than was forecast a few months ...

+ OECD Interim Economic Outlook warns of pervasive global economic slowdown—The global economy has lost momentum in the wake of Russia’s war of ag...

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As of 10/1/22 1:59pm. Last new 9/26/22 4:32pm.

+ BV to class nine green ferries funded by Hong Kong—French classification society Bureau Veritas (BV) has been selected to...

+ Amogy launches operations in Norway; sets sights on commercializing ammonia-to-power technology—US-based ammonia power solutions company Amogyhas launched operations ...

+ CMA CGM launches early container return program to help shippers offset carbon emissions—French container and logistics company CMA CGM Group has launched 'TEU...

+ Onboard carbon capture makes most business sense for large tankers & newbuilds—Onboard carbon capture with chemical absorption on large tankers has t...

+ In focus: Balancing act between energy security and net-zero goals—The global energy crisis has forced nations around the globe to ponder...

+ European maritime industry: ETS revenues should support shipping’s energy transition—European shipowners, ports, the cruise sector, shipyards and equipment...

+ DSME, ABS chart decarbonization path for ship designs—American Burea of Shipping (ABS) and South Koreas shipbuilder Daewoo S...

+ MISC orders LNG carrier duo, secures long-term charter deals with ExxonMobil unit—MISC Berhad (MISC), an owner and operator of liquefied natural gas (LN...

+ EverWind, Svitzer to deploy 1st green fuel-powered tugs in Canso Strait—EverWind Fuels, a Nova Scotia-based developer of green hydrogen and am...

+ IMI champions $1.2 billion Global Maritime Fund, builds partnerships and know-how for full operations—International Maritime Industries (IMI), the largest shipyard in the M...

+ Ports of Halifax and Hamburg forge ties on hydrogen, green energy corridor—The Halifax Port Authority and Hamburg Port Authority have joined hand...

+ Grow Maritime launches on World Maritime Day—On this year's World Maritime Day, Cyprus-based sustainability advisor...

+ PTT, AET to build two zero-emission Aframaxes—Thai state-owned oil and gas company PTT and AET, the petroleum arm of...

+ DSME opens test site for green & smart ship technologies—South Koreas Daewoo Shipbuilding Marine Engineering (DSME) has develo...

+ Höegh Autoliners to run 5pct of its deep-sea operations on green ammonia or methanol by 2030—Norwegian RoRo shipping company Höegh Autolinershas committed to using...

+ Wärtsilä Voyage: Data will be crucial for maritime industry’s green future—Data will play a central role in helping the maritime industry comply ...

+ Matson supports LNG fuel pathway as it joins SEA-LNG coalition—American transportation and logistics company Matson has become the la...

+ Wind-powered cargo capacity surpasses 1 mln dwt milestone—The latest installations of wind propulsion technology on large commer...

+ Wärtsilä lines up first fleet decarbonisation deal for oil & gas segment in Latin America—Wärtsilä has inked “a pioneering agreement” for decarbonisation projec...

+ Fratelli Cosulich orders ammonia bunker tanker in China—Fratelli Cosulich Bunkers Singapore and Nantong CIMC Sinopacific Offsh...

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As of 10/1/22 1:59pm. Last new 9/30/22 9:15am.