Crooked Bough News Round-up

+ Middle East seeks refuge in petchems amid bleak oil demand forecasts—Despite global oil demand plunging an unprecedented 8% this year and d...

+ U.S. oil producer ConocoPhillips to shed up to 500 workers—ConocoPhillips, the largest U.S. independent oil producer, said on Tue...

+ Brazil prosecutors sue Trafigura over irregular Petrobras contracts- statement—Brazilian federal prosecutors have filed a lawsuit seeking damages fro...

+ Positive oil outlook draws in fund managers—Hedge funds are becoming increasingly bullish on the outlook for oil p...

+ Global Oil & Gas Sector Outlook Improving; Majors Cut Emissions—Gradual improvements in the global oil and gas (O&G) sector’...

+ Prices at stake: If OPEC+ increases output in January, a 200 million-barrel glut will build through May—As the world is aching to put an end to a devastating 2020, oil produc...

+ Oil prices rise on UK vaccine approval; signs OPEC+ may maintain output cuts—Oil prices settled higher on Wednesday as Britain’s approval of a COVI...

+ U.S. crude stockpiles dip slightly, fuel inventories rise: EIA—U.S. crude stocks fell while gasoline and distillate inventories rose,...

+ OPEC hopes to salvage a deal from Saudi-UAE standoff with a few days of oil diplomacy—OPEC is hoping a couple of days away from the market’s glare wil...

+ U.S. crude oil inventories up last week: API—The American Petroleum Institute (API) on Tuesday reported an increase...

+ Around three quarters of North American midstream projects that got impacted are in the US, says GlobalData—Over 70% of the total midstream projects that have been impacted are i...

+ REFINERY MARGIN TRACKER: US refining margins inch up ahead of Thanksgiving holiday travel—US refining margins ticked higher last week despite anemic demand by T...

+ Russia’s Novatek completes trial delivery to China of LNG in ISO containers—Russia’s Novatek has completed its first trial delivery of LNG s...

+ India’s November diesel sales plunge after rising in October—India’s diesel sales fell 7% in November from a year earlier, after ri...

+ Middle East producers may raise Jan OSPs, but OPEC+ decision key—Middle East producers led by Saudi Arabia are widely expected to raise...

+ Oil prices steady as market awaits output deal—Oil prices were steady on Wednesday as the market awaits a pact from p...

+ ExxonMobil to prioritize capital investments on high-value assets—ExxonMobil has completed a review of its forward business plans and wi...

+ Japan signs oil storage deal with Kuwait’s KPC—Japan’s Ministry of Economy, Trade and Industry signed on Dec. 1...

+ Lacklustre European gasoline demand weighs on octane blendstock—European light ends have continued to find demand, with trans-Atlantic...

+ The U.S. and China are spiraling into an ‘alarming’ power play, says oil expert Dan Yergin—The U.S. and China remain locked in a wrestle for power, and it’s worr...

show more ...

see all...

As of 12/2/20 11:44pm. Last new 12/2/20 3:36pm.

+ Nigeria: Greek crew held hostage after kidnapping off West Africa—The owner of a fuel tanker is in talks to secure the release of three ...

+ Kidnapping – 75nm South Lomé—Reporting indicates that the MV AGISILAOS (IMO: 9315745) was boarded b...

show more ...

see all...

As of 12/2/20 11:44pm. Last new 11/30/20 12:35pm.

+ GTT entrusted by DSME with the tank design of six ARC7 ice-breaking LNG Carriers—GTT has received an order from the Korean shipyard Daewoo Shipbuilding...

+ Damen Signs With Hst Marine For First Multi Cat 2309—Damen Shipyards Group has recently signed a contract with HST Marine f...

+ DSME fined ￦15.3 billion for mistreating subcontractors—Daewoo Shipbuilding & Marine Engineering (DSME) was hit with a 15....

+ Order Backlog of Daewoo Shipbuilding & Marine Engineering Increasing Fast—Daewoo Shipbuilding & Marine Engineering recently signed a letter ...

+ Samsung shipyard wins new LNG carrier order from unspecified Oceania client—Samsung Heavy Industries, a major shipbuilder in South Korea, has rece...

+ Ship recycling at Alang Sosiya: NGT asks project proponent to ensure process is environment friendly—The National Green Tribunal has refused to interfere in the grant of E...

+ Korea’s remedial order on French GTT may aid LNG building by Korean dockyards—Korea’s Fair Trade Commission (KFTC)’s fining 12.52 billion won ($11.3...

+ Keppel secures contract worth about S$100 million for FPSO project—Keppel Offshore & Marine Ltd (Keppel O&M) has through its whol...

+ Cochin shipyard to build electric vessels for Norway—CSL said it signed contracts for construction and supply of the two au...

+ Samsung Heavy Industries: Order Recovery vs Demanding Valuation—Having recently secured a large-scale order, SHI is showing signs of a...

+ Russia to build $2.2 bln metal plant in Far East to supply shipbuilding -Rosneft CEO—Russia plans to build a metals plant in the Far East at an estimated c...

+ Partnership Aims To Develop Hydrogen Ferry For Oslo-Copenhagen—DFDS and its partners have applied for EU support for development of a...

+ KSOE Wins Order for 2 LPG Carriers Worth 116 Bil. Won—Korea Shipbuilding & Offshore Engineering (KSOE), a shipbuilding a...

+ Jeddah’s ‘ship’ building dismantled—The Jeddah Mayoralty announced, through its Twitter account, the disma...

+ DSME Develops Industry’s First Digital Radiographic Testing Robot—Daewoo Shipbuilding & Marine Engineering (DSME) announced on Nov. ...

+ GTT Is Fined By the Korea Fair Trade Commission—The Korea Fair Trade Commission (KFTC) announced yesterday, in a press...

+ Damen launches its first Middle East-built cutter suction dredger, type CSD650—This week a Cutter Suction Dredger (CSD) 650 has been launched at Albw...

+ South Korean Shipbuilders Anticipating Increase in LPG-powered Vessel Orders—South Korean shipbuilders are expected to win an increasing number of ...

+ Damen delivers FCS 1204 to Total Offshore—On 18th November, Damen Shipyards Group delivered a Fast Crew Supplier...

+ Samsung shipyard secures $2.5 bln order from unnamed European company—Samsung Heavy Industries, a major shipbuilder in South Korea, has secu...

show more ...

see all...

As of 12/2/20 11:44pm. Last new 12/2/20 4:22am.

+ The Indian economic recovery seems led by profits, not wages—The first estimates of economic growth in the September quarter indica...

+ Chinese banks’ improved third-quarter earnings show nascent turnaround—Earnings of Chinese banks in the third quarter slipped by a smaller ma...

+ EU’s Barnier says UK trade deal still hangs in balance – source—The European Union’s Brexit negotiator told the 27 national envoys to ...

+ UK economy won’t reach pre-COVID-19 level for at least two years – Reuters poll—Britain’s economy will contract this quarter and it will take at least...

+ What Janet Yellen’s nomination as Treasury secretary means for U.S. policy on China and trade—Former Federal Reserve Chair Janet Yellen has been nominated by Presid...

+ German retail sales rebound before partial lockdown—German retail sales rebounded more than expected in October, data show...

+ Gradual change seen in euro area payment behaviour—Euro area consumers are gradually shifting towards cards for in-person...

+ UK sets up new unit to minimize post-Brexit trade disruption—The British government is setting up the Border Operations Centre to m...

+ Euro zone producer prices up in October, unemployment falls—Euro zone producer prices rose more than expected month-on-month in Oc...

+ Conditions to improve for India Inc in 2021 as economy revives: Moody’s—The earnings of most Indian companies will grow in 2021 as demand star...

+ Wary Turks aren’t buying Erdogan’s economic promise yet—Turkish President Tayyip Erdogan’s promise of a new economic era trigg...

+ Fed’s Evans says economy ‘screams out’ for more fiscal help—The U.S. central bank is already doing “quite a lot” to boost the econ...

+ U.S. government releases more data on millions of businesses that took pandemic aid—The Trump administration late on Tuesday released the names of more th...

+ Deal on new rules for EU regional, cohesion and social funds over next 7 years—Parliament’s and Council’s negotiators agreed that the tot...

+ U.S. bank profits recover from early 2020 turmoil, still down from year prior—U.S. bank profits were significantly higher in the third quarter than ...

+ Near-Term Ratings Risks Ease for Global Financial Institutions—Actions on global financial institutions’ ratings since 1 June 2...

+ Euro zone economy suffering even as infections ease – ECB’s Lagarde—A second wave of coronavirus cases may be slowing down in Europe but t...

+ China says it will accelerate implementation of RCEP trade deal—China will accelerate the implementation of trade liberalisation measu...

+ NDRC official shares China’s economic recovery experience with Japan—Su Wei, deputy secretary general of the National Development and Refor...

+ Euro zone factory recovery faltered in November, vaccine hopes drive optimism: PMI—Euro zone factory growth cooled last month as renewed coronavirus lock...

show more ...

see all...

As of 12/2/20 11:44pm. Last new 12/2/20 5:19pm.

+ Shaping a Data Economy—The world needs a new system of governance for the buying and selling ...

+ OECD Economic Outlook: Turning hope into reality—For the first time since the pandemic began, there is now hope for a b...

+ IMF: Greek debt sustainable despite pandemic-linked spike—The International Monetary Fund said Monday that Greece’s huge p...

+ Continued fiscal support and public health action needed to make hope of recovery a reality—The prospect of a number of COVID-19 vaccines becoming widely availabl...

+ Euro zone may need more fiscal, monetary support because of second COVID wave: IMF—Euro zone governments and the European Central Bank may need to provid...

+ Governments should strike a balance between encouraging philanthropy through tax support and ensuring effective public policy—Governments should continue providing support to the philanthropic sec...

+ G20 international merchandise trade rebounds in Q3 of 2020 but remains below pre-pandemic level—G20 international merchandise trade rebounded sharply in the third qua...

show more ...

see all...

As of 12/2/20 11:44pm. Last new 12/2/20 4:28pm.

+ Gallery: Colossal section of Golden Ray cut and loaded onto a barge—A giant section of the Golden Ray wreck has been cut and lifted onto [...

+ Orange Marine to build new cable ship—Orange Marine said on Wednesday it will build a new cable ship that wi...

+ ONE Apus boxship loses containers in severe weather while transiting the Pacific—Japanese-flagged containership MV ONE Apus, deployed on Ocean Network ...

+ BW agrees VLGC duo sale—BW LPG has entered to sell two very large gas carriers (VLGC) BW Confi...

+ UN adopts resolution on key worker status of seafarers—The United Nations has adopted a resolution that calls on its members ...

+ GTT bags tank design order for six ice-class LNG tankers—French LNG containment specialist GTT has been contracted to design ta...

+ Soren Toft starts his CEO role at MSC—Soren Toft started his new role as Chief Executive Officer of Mediterr...

+ Celsius charters LNG tanker trio to Cheniere—Celsius Tankers, a unit of the Copenhagen-based Celsius Shipping, has ...

+ ZeroNorth, Veson Nautical join forces to unlock better vessel performance, cut CO2 emissions—ZeroNorth, a digital spin-off from Maersk Tankers, and maritime softwa...

+ Wärtsilä reliquefaction tech picked for Knutsen LNG pair—The Finnish technology group Wärtsilä has been contracted to supply it...

+ Pacific Carriers fined $12 million for dumping oily water and garbage in US waters—Pacific Carriers Limited (PCL), a Singapore-based company that owns su...

+ Many seafarers could quit the industry over mishandling of COVID-19 crew change crisis—Nearly 90% of British seafarers have been affected by the pandemic and...

+ Norwegian shipowner sentenced for involvement in Harrier’s scrapping case—Norwegian shipowner Georg Eide has been sentenced for having aided Sin...

+ SHI scores first LNG tanker order Since November 2019—South Korean shipbuilder Samsung Heavy Industries (SHI) has won an ord...

+ Drewry: Vessel operating costs surge in 2020 amid COVID-19 impact—Vessel operating costs have risen at their fastest pace in over a deca...

+ Overseas Shipholding Group opts for oneTank—Tanker shipping company Overseas Shipholding Group (OSG) has chosen on...

+ Waterfront Shipping orders 8 methanol dual-fuel ships from Hyundai Mipo Dockyard—Canada-based Waterfront Shipping Company (WFS), a wholly-owned subsidi...

+ Gallery: Odyssey of the Seas floated out—German shipbuilder Meyer Werft has floated out Odyssey of the Seas, Ro...

+ Gasum completes its first LNG bunkering in Emden—The Nordic energy company Gasum has completed its first LNG bunkering ...

+ Clarksons: 27% of the order book to run on alternative fuels—Alternative fuels are gaining traction in the maritime industry amid g...

show more ...

see all...

As of 12/2/20 11:44pm. Last new 12/2/20 8:57am.