Crooked Bough News Round-up

+ Bakken shale production growth will be constrained by flaring restrictions and infrastructure bottlenecks, says GlobalData—There is considerable potential to raise the crude oil production in t...

+ Demurrage costs mount for owners of contaminated Urals crude—Demurrage costs for holding contaminated Urals crude are mounting, wit...

+ Oil prices slide as U.S.-China trade war escalates—Oil prices fell on Friday after China unveiled retaliatory tariffs aga...

+ Brent/Dubai EFS widens from 3-week low after fresh oil rig data—The spread between ICE Brent futures and Dubai crude futures widened m...

+ Chinese CNPC-led group discovers new oil field in South Sudan: minister—A consortium led by China’s state-run CNPC has made a new oil di...

+ Asian refiner profits hammered by free-fall in fuel oil margins—Asian refining margins have tumbled more than 50% since mid-July on an...

+ Cheyenne Hub futures bearish despite possible connector project delays—Two of the most anticipated pipeline projects in the Rockies — e...

+ Canada’s Alberta extends oil curtailments through 2020 due to slow pipeline progress—The government of Canada’s main oil-producing province, Alberta,...

+ Mexican agency approves plans for Pemex to develop two Gulf of Mexico fields—Mexico’s National Hydrocarbons Commission has approved plans by ...

+ Argentina seeks to stabilize currency as oil companies fret about price freeze—Argentina’s newly installed economy minister, Hernan Lacunza, sa...

+ Aramco still part of west coast refinery project, says Hindustan Petroleum chief—Nothing to my knowledge which says that the deal is not on, says Suran...

+ Asian gasoline lends support to light ends while naphtha, LPG sag on oversupply—The light ends market in Asia is showing a mixed picture, with gasolin...

+ Oil prices nudge higher, eyes on speech by Fed chair—Oil prices clawed back the previous day’s losses on Friday, with...

+ Oman crude price to be sold in October 2019 crosses $60 a barrel—The marker price of Oman crude that will be sold in October 2019 has o...

+ Trade tariffs seen muting IMO 2020 impact for US refiners—Weakening export demand for US-made products is skewing the impact of ...

+ OPEC daily basket price stood at $60.50 a barrel Thursday, 22 August 2019—The price of OPEC basket of fourteen crudes stood at $60.50 a barrel o...

+ ADNOC awards Tenaris long-term agreement for tubulars and services—Tenaris announced that the Abu Dhabi National Oil Company (ADNOC) has ...

+ Next Geosolutions leads the way in OH&΄S—International geoscience and offshore engineering support service cont...

+ Australian heavy sweet crude Van Gogh premium falls from record high -sources—The spot premium for Australian heavy sweet crude Van Gogh loading in ...

+ US shale industry turns cash flow positive—In a remarkable turnaround, the second quarter of 2019 is the first th...

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As of 8/23/19 3:41pm. Last new 8/23/19 3:41pm.

+ Port chaplain shocked at kidnapping of seafarers—A Stella Maris port chaplain has spoken of meeting the crew of the car...

+ Guidance on Abduction of Crew in the Sulu-Celebes Seas and Waters off Eastern Sabah—The ReCAAP ISC has produced the “Guidance on Abduction of Crew in the ...

+ Securing Maritime Assets Demands a New Approach—At this moment, cyber-attacks threaten thousands of vulnerable cargo s...

+ Pirates kidnap 8 crew members in raid on German ship off Cameroon—Pirates have kidnapped eight crew members of a German-owned ship in a ...

+ UKMTO Weekly Piracy Report 11 – 17 August 2019—Warnings, advisories and piracy incidents in the Indian Ocean Area by ...

+ ARES Security unveils new SaaS solution—ARES Security Corporation announces the release of its first multi-ten...

+ Did the UK just blink in its standoff with Iran?—At 1340 UTC the detained VLCC Grace 1 signalled a new destination of M...

+ UKMTO Weekly Piracy Report 4 – 10 August 2019—Warnings, advisories and piracy incidents in the Indian Ocean Area by ...

+ Maritime Security Report—Southeast Asia Indonesia: Robbers steal from tug at Batam 23 July Four...

+ ABS Appoints Global Head of Cyber Security to Meet Increasing Industry Challenges: Maritime Digitization Driving Demand for New Approaches to Cyber Security—ABS has appointed well-known cyber expert Ian Bramson as its Global He...

+ Temporary Agreement for Strait of Hormuz issued by Warlike Operations Area Committee—Further to the club’s web alerts on 17 June and 22 July and news artic...

+ China might escort ships in Gulf under U.S. proposal – envoy—China might escort Chinese commercial vessels in Gulf waters under a U...

+ UKMTO Weekly Piracy Report 28 July – 3 August 2019—Warnings, advisories and piracy incidents in the Indian Ocean Area by ...

+ Protection Vessels International: Weekly Maritime Security Report—Southeast Asia Indonesia: Armed robbers steal engine spares from tanke...

+ UKMTO Weekly Piracy Report 21 – 27 July 2019—Warnings, advisories and piracy incidents in the Indian Ocean Area by ...

+ West Africa piracy threatens regional trade plans: Ghana minister—Piracy in the waters off West Africa threatens plans to bolster region...

+ Piracy-related incidents rise in Singapore Straits: ReCAAP—There has been an increase in sea robbery and piracy related incidents...

+ Protection Vessels International: Weekly Maritime Security Report—South East Asia Indonesia: Robbers board tug boat in Singapore Strait ...

+ Britain to create European maritime mission to counter Iran’s ‘piracy’—Britain will create a European-led maritime protection mission to ensu...

+ Early Warning Intelligence to Protect Ships and Sailors against Piracy Threat—Piracy and armed robbery incidents at sea are on the rise, with mariti...

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As of 8/23/19 3:41pm. Last new 8/23/19 3:41pm.

+ Tests of the unique replenishment system on the «Akademik Pashin tanker» were successful—Crew of tanker continues testing of unique replenishment system which ...

+ Damen wins UX Design Award for Human Machine Interface for Tugs—Damen Shipyards Group has won an award for the Human Machine Interface...

+ Completion of the European research project SHIPLYS to advance ship design and production process—SHIPLYS (Ship life cycle software solutions) is a three-year project t...

+ DOF has been awarded two AHTS contracts to support drilling operations in New Zealand—DOF has been awarded two AHTS contracts to support drilling operations...

+ «Kalas» has gone on sea trials—On 17 of August multipurpose small-draft salvage ship of MPSV12 projec...

+ Financial Report 2nd quarter for DOF ASA—The Group’s operating income for 2nd quarter (management reporti...

+ Scotline Confirm Third Newbuild – Scot Ranger—Scotline Marine Holdings are pleased to announce that we’ve ordered a ...

+ Contract for DEME’s TSHD Nile River—Alewijnse Marine has won the contract for the supply of a new alarm an...

+ SHI to win orders for 10 LNG-fueled vessels—Samsung Heavy Industries has announced on August 19 that it received o...

+ Samsung Heavy to advance smart ship technology in cooperation with equipment producers—– On August 16, SHI has signed an MOU with MAN-ES of Germany for...

+ Damen Shipyards Cape Town joins Women’s International Shipping & Trading Association—Damen Shipyards Cape Town has joined the Women’s International Shippin...

+ DEME Opts for SCHOTTEL—The DEME’s new trailing suction hopper dredger (TSHD) ‘Bonny River’, b...

+ Ten deliveries of the same concept solution to ESVAGT—Norwegian Electric Systems (NES) has signed a contract for the deliver...

+ Niestern Sander Is Committed To Build More Sustainable Work Vessels—GEO RANGER Shipyard Royal Niestern Sander is committed to build more s...

+ Caspian Offshore Construction Takes Swift Delivery Of Damen Stan Tug 1606 ICE—Caspian Offshore Construction has recently taken delivery of a Damen S...

+ GRSE launches its 5th Fast Patrol Vessel for Indian Coast Guard—Miniratna Category 1 Defence PSU and premier warship builder Garden Re...

+ Ship recycling: Wallenius Wilhelmsen recognised with another major award—Wallenius Wilhelmsen’s founding role in the Ship Recycling Transparenc...

+ CMB And Tsuneishi Join Forces To Build A Hydrogen-Powered Ferry—CMB and Tsuneishi Facilities & Craft (TFC) are pleased to announce...

+ Launching Of Ro Pax Vessels For Inland Waterways Authority Of India By Cochin Shipyard Limited—The launching of two Ro Pax vessels designed and built by Cochin Shipy...

+ Third s. T. Marine Support Multi Cat Named At Damen Shipyards Hardinxveld—On 2nd August, Damen Shipyards Hardinxveld hosted a naming ceremony fo...

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As of 8/23/19 3:41pm. Last new 8/23/19 6:08am.

+ German economy is not in recession, ministry says, after second quarter contraction—Germany is not in recession, a spokeswoman for the Economy Ministry sa...

+ Moody’s cuts India GDP growth forecast to 6.2% for 2019—Moody’s Investors Service on Friday cut India’s GDP growth forecast fo...

+ Tony Soprano Now Runs The World Economy—China sent a clear message to the global economy with the shock resign...

+ Mexican Economy Stagnated in Second Quarter — Update—Mexico’s economic activity was flat in the second quarter as a m...

+ As economy flashes warning signs, Trump suggests remedies, then argues they’re not needed—As the economy flashed warning signs of a possible downturn, President...

+ Singapore cuts 2019 core inflation forecast as prices hit 3-year low—Singapore’s core inflation eased to its slowest pace in more than thre...

+ Eurozone Private Sector Logs Subdued Expansion In August—The euro area private sector growth improved unexpectedly in August fr...

+ The US economy created half a million fewer jobs last year than previously thought—The nation’s job market is strong — just not quite a stron...

+ Is the U.S. economy sinking or the strongest ever? For the Fed, no clear answer—The U.S. Federal Reserve is under pressure from President Donald Trump...

+ ECB Policymakers Saw Need For Stimulus Package: Minutes—The European Central Bank policymakers supported the proposal to desig...

+ Singapore Inflation Moderates More Than Forecast—Singapore’s inflation slowed more-than-expected in July, data fr...

+ Ireland could try to block Mercosur trade deal on Amazon concerns – Varadkar—As wildfires rage through the Brazilian Amazon, Irish Prime Minister L...

+ Japan Inflation Data Due On Friday—Japan will on Friday release July figures for nationwide consumer conf...

+ EU hopes to ease trade tension with U.S. at G7 summit, official says—The European Union hopes to ease trade tensions with U.S. President Do...

+ Eurozone output beats expectations in August but economy remains weak—The euro has climbed against the dollar after survey data showed priva...

+ Trade woes are slowing U.S. economy, U.S. budget experts say—Higher trade barriers, including President Donald Trump’s tariff...

+ Trump says he had to “take China on” even if it briefly affects US economy—Fanning the flames of a Sino-US trade row further, US President Donald...

+ Investors eyeing Fed minutes for clues on the economy—Wall Street has its eyes on Jackson Hole, Wyoming this week. That̵...

+ Vietnam market dull on thin supply; trade picks up in Indonesia—Coffee trading in Vietnam continued on a sluggish note this week as st...

+ NITI Aayog for extraordinary steps to deal with economic slowdown—Niti Aayog vice-chairman Rajiv Kumar says nobody had faced this sort o...

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As of 8/23/19 3:41pm. Last new 8/23/19 3:00pm.

+ IMF’s Gopinath says U.S. monetary policy being accommodative and data driven—International Monetary Fund chief economist Gita Gopinath said on Frid...

+ IMF: Currency Devaluations Due To Policy Easing Cannot Improve Trade Balance—The International Monetary Fund cautioned that monetary policy easing ...

+ S.Africa debt “becoming uncomfortable”, but no bailout requested – IMF—South Africa’s public debt, which is approaching rating agencies’ red ...

+ China’s Economic Outlook in Six Charts—China’s economic growth is moderating and is projected to be 6.2 perce...

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As of 8/23/19 3:41pm. Last new 8/23/19 12:56pm.

+ Klaveness’ CLEANBU in Wet-Dry Cargo Switch—The company's 83,600 dwt Baru converted from tanker to dry bulk mode a...

+ Croatia Gives 3. Maj Guarantees for up to USD 22.5 Mn Loan—The state guarantee will allow the shipyard to seek loans from banks. ...

+ NorthStar Midstream Orders LNG Bunker Barge for US East Coast Ops—The barge, to be built by Fincantieri Bay Shipbuilding, will provide L...

+ StealthGas to Add Two LPG Units to Its Fleet—The acquisitions marked the company's expansion into new areas of LPG....

+ Drewry: Stronger US-China Ethane Trade to Boost Demand for VLECs—Ethane trade on the U.S.-China route has the potential to create deman...

+ Frontline Buying Up to 14 Suezmax Tankers from Trafigura—The company signed a deal to purchase ten 2019-built tankers, with opt...

+ DP World’s Profit Surges in Uncertain Trade Environment—Profit for the period increased to USD 753 million, representing a gro...

+ iContainers: Two Factors to Further Disrupt 2019 Peak Season—IMO 2020 sulphur cap, earlier than usual 2020 Chinese New Year would "...

+ Vista Shipping to Finance New Tankers with USD 111 Mn Loan—The loan would be used to finance four new LR1 product tankers being b...

+ Wallenius Wilhelmsen Hit with Criminal Cartel Charges in Australia—The alleged cartel conduct is related to shipping of certain vehicles ...

+ Seasonal Variations Push Höegh LNG into the Red—The company's net loss was at USD 3.6 million, against a profit of USD...

+ Stena Bulk Meets Iran’s Foreign Minister over Stena Impero Release—The company and Iran's Foreign Minister had "a constructive dialogue" ...

+ GriegMaas Welcomes Latest Ultramax to Its Fleet—The Ultramax is the fifth vessel in the joint venture's fleet. [[ Thi...

+ Drewry: Misdeclared Cargo Fines Unlikely to Change Rogue Shippers—Eight fire incidents occurred aboard ships carrying containers this ye...

+ Global Ports Holding Vying for Puerto Rico Cruise Port—The company has secured two cruise port concessions in America so far ...

+ UK Ports’ Performance Not Hurt by Political Uncertainties in 2018—2018 data showed stable port freight tonnages overall, with only a 0.1...

+ ADS Crude Carriers to Pay More for Scrubber Installations—The expected investment increased to around USD 6.5 million, from the ...

+ Navios Acquisition Agrees Sale and Leaseback for 10 Ships—The transactions are expected to reduce Navios Acquisition's debt by U...

+ Alphaliner: HMM to Add 34 Ships to THE Alliance’s Network in 2020—The company would contribute 519,000 TEU in ships to the network, Alph...

+ CSSC (Hong Kong) Shipping Secures USD 600 Mn Loan—On August 20, the company confirmed it received a financing letter fro...

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As of 8/23/19 3:41pm. Last new 8/23/19 6:08am.