Crooked Bough News Round-up

+ Analysis: Strong exports, refinery demand temper seasonal crude build—US crude inventories fell further behind the five-year average last we...

+ Struggling U.S. shale producers lose profitable niche—Swooning prices for natural gas liquids (NGLs) such as butane and prop...

+ Russia keeps brakes on OPEC proposal for further output cuts—Russia is in no rush to announce its position on additional cuts propo...

+ Libya’s NOC oil output at 122,424 bpd as of Feb. 20—Libya’s National Oil Corporation (NOC) said on Thursday its crude outp...

+ Brazil’s oil, natural gas output hits record high in January—Brazil’s oil and natural gas output hit a record high in January...

+ Nigeria’s Crude Oil Reserves Will Dry Up In 49 Years—The Department of Petroleum Resources has advised the Nigerian governm...

+ Coronavirus: Indian oil companies stare at inventory losses, low fuel margin—A fall in global crude oil prices following China demand concerns, lar...

+ US oil, gas rig count down 5 to 825, gas total lowest since late 2016: Enverus—Total US oil and gas rig counts were down a net five last week to 825,...

+ Report Saudi Arabia to break from OPEC+ alliance is ‘nonsense’ – Saudi Energy Minister—Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman descr...

+ Oil falls $1 on renewed uncertainties over coronavirus outbreak—Oil prices fell on Friday as a rise in new cases of coronavirus and we...

+ Shell sees continued lower Chinese LNG demand into March on coronavirus—Shell expects Chinese LNG demand to remain lower than expected into Ma...

+ Oil prices rise as U.S. crude stocks build less than expected—Oil prices were up slightly on Thursday after the U.S. government repo...

+ Further OPEC action to do little to stem tide of bearish sentiment in oil market—Further OPEC action will do little to stem tide of bearish sentiment i...

+ Petronas raises March crude price factor to record high of $9.30/bbl—* State oil firm Petronas has set the price factor for Malaysian Crude...

+ Coronavirus: Indian oil companies stare at inventory losses, low fuel margin—A fall in global crude oil prices following China demand concerns, lar...

+ India’s crude oil production declines 5.3% in January 2020—India’s crude oil production declined 5.3% to 2.70 million tonne...

+ Brazil’s Petrobras misses quarterly profit estimates amid impairments—Brazilian state-run oil firm Petrobras posted a net income of 8.15 bil...

+ Repsol adjusts its results to become a net zero emissions company by 2050—Repsol posted a net income of -3.816 billion euros in 2019 as a result...

+ Texas Oil Output Set For Monthly Boosts In 2020, But Growth Rate To Slow—Texas’ oil production rose to an estimated 5.4 million barrels per day...

+ Brazil’s oil, natural gas output hits record high in January—Brazil’s oil and natural gas output hit a record high in January...

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As of 2/21/20 4:52pm. Last new 2/21/20 4:52pm.

+ Pirates Attack Tanker Off Nigeria’s Shore, Kidnap 10 Crew Members – Reports—Pirates have attacked a vessel sailing under the Liberian flag in the ...

+ Protection Vessels International: Weekly Maritime Security Report—China: Hong Kong to quarantine travellers from mainland, close cruise ...

+ Cooperating to counter maritime crime—IMO’s ongoing work to counter piracy/armed robbery against ships and o...

+ Oman voices concern over international military presence in Strait of Hormuz—The risk of a military confrontation is higher in the Strait of Hormuz...

+ Attack on Maersk Tema: Group recommends special security for Niger Delta—The National Council of Managing Directors of Customs Licensed Agents ...

+ UKMTO Weekly Piracy Report 09 – 15 February 2020—Warnings, advisories and piracy incidents in the Indian Ocean Area by ...

+ Pirates attack German container ship off West African coast—A vessel operated by Hamburg-based Bernhard Schulte Ship management wa...

+ 29 trainees attending course to combat maritime threats—Twenty-nine trainees from 20 member countries and one from Bahrain are...

+ Protection Vessels International: Weekly Maritime Security Report—East Africa and Indian Ocean Yemen: Mine kills 3 Egyptian fishermen in...

+ ReCAAP: 11 Armed Robberies against Ships in Asia in January 2020, But No Piracy Case Reported—ReCAAP Information Sharing Centre yesterday released the January 2020 ...

+ West Africa maritime security update—The club has identified a marked increase in incidents of piracy and a...

+ Incidents involving Ships while Underway in the Eastbound lane of Singapore Strait—ReCAAP Information Sharing Centre today issued an Incident Alert on in...

+ UKMTO Weekly Piracy Report 02 – 08 February 2020—Warnings, advisories and piracy incidents in the Indian Ocean Area by ...

+ International Chamber of Shipping (ICS) expresses concern at increasing attacks on ships crews—The number of ship’s crewmembers being kidnapped in the Gulf of Guinea...

+ Danish shipping laments piracy spike in west Africa—The Danish shipping industry is increasingly uneasy about falling prey...

+ Protection Vessels International: Weekly Maritime Security Report—Southeast Asia Japan: Authorities quarantine 3,500 people on cruise sh...

+ ECSA raises the alarm about the Gulf of Guinea—At the ECR Conference on Maritime Security and the Blue Economy yester...

+ ReCAAP Information Sharing Centre Upgrades Website to Better Inform Maritime Stakeholders of the Situation of Piracy and Sea Robbery in Asia—ReCAAP Information Sharing Centre (ISC) today launched an upgraded pub...

+ Japanese warship departs for Gulf to patrol oil lifeline—A Japanese destroyer left for the Gulf of Oman on Sunday amid simmerin...

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As of 2/21/20 4:52pm. Last new 2/21/20 12:25pm.

+ LNG Carrier Contracts Expected to be Signed—French oil major Total recently signed letters of intent with Hyundai ...

+ Progress 2019: Lead change in the ship recycling industry—The journey to transform ship recycling continues with investments in ...

+ GTT pursues its development in digital with the acquisition of Icelandic company Marorka, an expert in Smart Shipping—GTT announces the acquisition of 100% of the share capital of Marorka ...

+ Grandweld to build four fast support vessel for Saudi firm—Grandweld Shipyards, a leading UAE-based ship repair and conversion fa...

+ Albwardy Damen Opens Repair Workshop In Sohar—On February 12th Albwardy Damen entered into an agreement with SOHAR f...

+ GTT receives two orders from Hyundai Samho Heavy Industries and Hyundai Heavy Industries—GTT has received two orders from the Korean shipyards, one from Hyunda...

+ Japanese Shipbuilding Industry on the Precipice—Japan is attempting to block the combination between Hyundai Heavy Ind...

+ Japan claims, ‘HHI-DSME merger violates WTO rules’—In the course of the merger between Hyundai Heavy Industries (HHI) and...

+ Damen Has Developed A Bwt Ex Deckhouse That Can Withstand Slamming Of Waves—Damen has developed standard Ballast Water Treatment Ex certified deck...

+ Global ship deliveries hit by coronavirus disruption to China yards—Global ship deliveries have been hit as yards in China struggle to get...

+ Chinese shipbuilder New Times declares force majeure due to coronavirus—A Chinese shipbuilder has declared force majeure on deliveries of two ...

+ Ship-breaking needs to be sustainable—Bangladesh retaining the top spot in the global ship-breaking industry...

+ Japan takes second complaint to WTO over South Korean shipbuilding—Japan launched a second complaint at the World Trade Organization over...

+ BH Global, Penguin International, Strategic Partners sign MoU to Develop Singapore’s first Hybrid Electric Marine Launch—BH Global Corporation Limited (“BH Global”), is pleased to...

+ Korean shipbuilding stocks on uptick on expected boon from Chinese virus outbreak—South Korea’s three major shipbuilders are expected to benefit from th...

+ S. Korea lags behind China in new shipbuilding orders in January—South Korea ranked second behind China in global shipbuilding orders l...

+ Sefine Shipyard Turkey And Stone Marine Shipcare In New Partnership—Stone Marine Shipcare is delighted to be opening a fully equipped prop...

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As of 2/21/20 4:52pm. Last new 2/21/20 5:53am.

+ Coronavirus Hits U.S. Business Activity—U.S. business activity in February fell to its lowest level in more th...

+ Manufacturers entangled in logistical nightmare as virus-hit China limps back to work—Blocked highways. Stranded workers. Dwindling supplies. Shipping and a...

+ Coronavirus outbreak: China’s economy gradually getting back on its feet—China’s economy is slowly getting back on its feet, CGTN’s senior edit...

+ Novel coronavirus impact not to reverse growth of China’s economy: Chinese state councilor—Chinese State Councilor and Foreign Minister Wang Yi said here on Thur...

+ Euro zone February business growth better than expected – PMIs—Business activity in the euro zone accelerated more than expected this...

+ ECB watching for unwanted side effects of negative rates – Lane—European Central Bank chief economist Philip Lane defended his bank...

+ Singapore has the financial buffer to help the economy if virus outbreak drags on, minister says—Singapore still has some financial buffer to support the economy if an...

+ Euro zone inflation’s pick-up in January confirmed by Eurostat—Euro zone inflation grew an annual 1.4% in January, picking up from th...

+ China says to exempt extra tariffs on 65 U.S. goods from Feb. 28—China’s finance ministry said it will begin exempting 65 U.S. go...

+ CRU: Coronavirus to Cause Protracted Disruption to Transport and Labour—Last week, CRU’s China offices in Shanghai and Beijing returned ...

+ EU leaders to look at new budget proposal worth 1.07% of GNI – sources—European Union leaders locked away in Brussels to discuss their next j...

+ China sees only short-term virus impact on Southeast Asia economies—A senior Chinese diplomat on Friday sought to ease concerns about the ...

+ No deal in sight as “Frugal Four” stamp down on EU budget—Denmark, Austria, Sweden and the Netherlands dug in their heels over t...

+ Outbreak will not change China’s commitments to buy U.S. goods – senior U.S. official—The U.S. government expects China to honor its commitments to buy more...

+ UK retail sales see post-election bounce in January—British shoppers started spending again early this year after a sluggi...

+ EU Nations Square Up for Budget Clash After Britain’s Exit—European Union leaders are set to clash Thursday over the bloc’s...

+ Chinese banks’ bad loans may spike by up to $1.1 trillion due to virus hit – S&P Global—China’s banking sector may face a surge of up to 7.7 trillion yu...

+ Japan keeps view economy recovering, flags virus as big risk—Japan’s government kept its view that the economy is recovering modera...

+ Obama takes credit for the economic boom and Trump attacks him for it — here’s why they’re both wrong—Barack Obama generally takes the high road — at least publicly — when ...

+ U.S. Leading Economic Index Rises in January—An economic index that measures U.S. business trends rose 0.8% in Janu...

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As of 2/21/20 4:52pm. Last new 2/21/20 4:09pm.

+ Too early for accurate figures on coronavirus impact on global growth – IMF—It is premature to give precise projections of economic growth in Chin...

+ Corporate bond debt continues to pile up—The volume of corporate debt reached an all time high in real terms of...

+ International Monetary Fund Calls Argentina’s Debt Unsustainable—The International Monetary Fund said Wednesday that Argentina’s ...

+ OECD GDP growth slows to 0.2% in the fourth quarter of 2019—Growth of real gross domestic product (GDP) in the OECD area slowed to...

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As of 2/21/20 4:52pm. Last new 2/21/20 5:53am.

+ BIMCO: Coronavirus Comes at the Worst Time for Shipping—The outbreak of the coronavirus comes at one of the worst time for the...

+ Ships Trading with North Korea Will Not Be Flying Palau Flag—Palau Ship Registry: Vessels violating UNSCRs on trading with North Ko...

+ IMO Urges Unnecessary Delays to Ships amid Coronavirus Are Prevented—IMO urges member states to undertake measures to prevent unnecessary d...

+ Diana Shipping’s 2nd Vessel Sale Falls Through—Both sales were announced back in December 2019. [[ This is a content...

+ Carnival Cruise Line Inks 5-Year Agreement with City of Norfolk—Carnival Cruise Line will operate seasonal cruises from Norfolk's Half...

+ MOL, DSME Join Forces on Cutting FSRUs’ Environmental Impact—MOL, DSME exploring new technology to reduce environmental impact for ...

+ MOL, DSME Join Forces on Cutting FSRUs Environmental Impact—MOL, DSME exploring new technology to reduce environmental impact for ...

+ ABS to Class World’s Largest Type-B Ethane Carriers—ABS to class world’s largest Type-B VLECs by Jiangnan. [[ This is a c...

+ Hunter Nets USD 220 Mln Loan to Finance VLCC Newbuilds—Hunter Tankers AS secures USD 220 million loan facility. [[ This is a...

+ Clarkson Acquires Spanish Shiproker Martankers—Clarksons has acquired 100% of the issued share capital of Spanish shi...

+ Coronavirus Claims the Lives of Two Diamond Princess Passengers—Two passengers from Diamond Princess, who were infected with coronavir...

+ Ten Seafarers Kidnapped from Tanker off Cotonou—Ten crew members have been kidnapped from a crude oil tanker off Coton...

+ More Troubles for Tankers as US Sanctions Rosneft Trading S.A.?—The Trump administration has designated Rosneft Trading S.A. [[ This ...

+ Update: 747 Westerdam Crew Test Negative for COVID-19—Cambodia: All 747 crew members on board Westerdam have tested negative...

+ Maersk Posts Higher Earnings in 2019, Expects Weak Start of 2020 amid Coronavirus Outbreak—Maersk managed to improve earnings and free cash flow in 2019. [[ Thi...

+ Report: Coronavirus Scare on Bulker in India—Two crew members of a bulk carrier arriving from China to Chennai test...

+ AG&P Breaks Ground on LNG Import Facility at Karaikal Port—AG&P has broken ground on its LNG Import Facility at Karaikal Port...

+ Scorpio Tankers Reaps Fruit of Scrubber Project—Scorpio Tankers' scrubber fitted ships have been earning more money th...

+ BC Ferries Christens New Hybrid-Electric Ship Duo—Island Discovery and Island Aurora will enter service in mid-2020. [[...

+ Falkland Islands to Build New Port in Stanley Habour—The Falkland Islands Government has selected a development partner to ...

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As of 2/21/20 4:52pm. Last new 2/21/20 8:15am.