Crooked Bough News Round-up

+ Saudi Arabia urges greater compliance with OPEC+ oil cuts as talks begin in Vienna—Saudi energy minister Prince Abdulaziz bin Salman on Friday exhorted h...

+ What deeper OPEC+ oil output cuts mean for the market—OPEC and allied oil producers plan deeper oil output cuts to help aver...

+ Saudi Arabia agrees to quota of 10.151 mil b/d, Russia 11.121 mil b/d: source—OPEC kingpin Saudi Arabia and key oil ally Russia on Friday finalized ...

+ Goldman expects 2020 oil demand to recover, helped by new fuel rules—Goldman Sachs on Wednesday revised down its oil demand forecast for th...

+ North American Shale Supply Set To Grow Even If Oil Prices Drop—North American shale supply will continue growing even in an environme...

+ Oil companies press Mexican president to resume suspended auctions—Big oil companies operating in Mexico have launched a drive to convinc...

+ No Riyadh rush as many global investors steer clear of Aramco IPO—The Saudi Aramco IPO was supposed to be a cornerstone of Crown Prince ...

+ W&T Offshore Announces Additional Crude Oil Hedge Positions—W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) announ...

+ Middle East crude complex mixed on OPEC+ production cut proposal—Benchmark Dubai crude futures’ spreads rose slightly in mid-morn...

+ Qatar Nov crude price differentials hit 6-year high vs Dubai—Price differentials for the state-owned Qatar Petroleum’s Land a...

+ Curacao court calls for auction of seized Venezuelan crude—A court in the Caribbean island nation of Curacao has initiated a publ...

+ Oil rises sharply this week as OPEC+ agrees on deeper output cuts—Oil prices rose more than 1% on Friday and posted sharp weekly gains a...

+ 40% Of Norway’s Offshore Production Electrified By 2025—Norway has over the years taken several steps to reduce its upstream e...

+ Russia expects slight increase in oil output this year – ministry magazine—Russia still expects an increase in 2019 oil output C-RU-OUT to a reco...

+ Brazil attending as observer at OPEC+ oil producers meeting -Venezuelan minister—Brazil is participating as an observer at a meeting of OPEC and non-OP...

+ Deepwater rising: The state of the global deepwater industry—The global deepwater industry is set to continue to grow: output is ex...

+ Oil on track for weekly gain as OPEC+ agree output cuts—Oil prices dipped on Friday but were on track for weekly gains as a me...

+ The Lonely Oil Giant That’s Saving Norway’s Crude Production—The giant Johan Sverdrup oil field is coming to the rescue of Norway’s...

+ Conditions Right For Oil Market Rally Post 2020—It’s hard to imagine a spike in oil prices in the current market where...

+ U.S. diesel demand drops as manufacturers struggle, silver lining for shipowners—U.S. diesel consumption is declining as manufacturing output shrinks a...

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As of 12/6/19 5:42pm. Last new 12/6/19 3:20pm.

+ Hijacked Tanker Highlights Hidden Menace of Crew Kidnappings—The boarding by pirates of a supertanker near Nigeria has highlighted ...

+ Japan plans to send 270 sailors to Middle East to guard ships -Nikkei—Japan is working on a plan to send about 270 seamen to the Middle East...

+ Weekly Maritime Security Report—East Africa and the Indian Ocean Mauritius: Authorities arrest 3 Briti...

+ Pirates kidnap 19 crew members from Greek tanker off Nigeria—Pirates have kidnapped 19 crew members from a crude oil tanker off Nig...

+ Pirates Board a Navios Supertanker Off Nigeria, Kidnap 19 Crew Members—Pirates boarded a fully loaded supertanker off the coast of Nigeria, a...

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As of 12/6/19 5:42pm. Last new 12/6/19 3:20pm.

+ Hyundai Heavy’s DSME takeover hits snag in Singapore—The ongoing process of Hyundai Heavy Industries’ takeover of Dae...

+ Damen Shiprepair Amsterdam MD Receives Harbour Medal—On Friday 29th November, managing director of Damen Shiprepair Amsterd...

+ Damen Shiprepair Amsterdam Md Receives Harbour Medal—On Friday 29th November, managing director of Damen Shiprepair Amsterd...

+ GTT receives an order from Samsung Heavy Industries for the tank design of two new LNG Carriers—GTT has received an order from the Korean shipyard Samsung Heavy Indus...

+ SBM Offshore orders two additional Fast4Ward® hulls, bringing the construction program to a total of five hulls—SBM Offshore is pleased to announce that it has signed contracts for t...

+ Accenture Assists Navantia in Design, Development and Implementation of Advanced Technologies to Improve Shipbuilding—Accenture (NYSE: ACN) has been selected to assist Navantia, Spain’s la...

+ Hyundai Heavy says trying to allay Singapore concerns over Daewoo shipyard merger—Hyundai Heavy Industries Holdings Co Ltd (267250.KS) said it is workin...

+ China’s large buoy working ship delivered—China’s large buoy working ship Xiangyanghong 22 was delivered t...

+ MHI-MME Begins Use of the HoloLens 2 Mixed Reality Device in MET Turbocharger Maintenance Training—Mitsubishi Heavy Industries Marine Machinery & Equipment Co., Ltd....

+ Highly anticipated hybrid electric superyacht launched by luxury sailing yacht builder—Danfoss Editron has provided the electrical power equipment and contro...

+ GTT and WISON sign a Technical Assistance and License Agreement for the construction of membrane tank systems—GTT has signed a Technical Assistance and License Agreement (TALA) wit...

+ EU Maritime study reveals rapid rise in shipbuilding ‘patent protection’—A major maritime study has revealed a rapid rise in shipbuilding paten...

+ Korean Shipyard Mega-Merger Hits a Bump in Singapore—A South Korean plan to create a shipbuilding behemoth controlling roug...

+ Damen And VSTEP Simulation In Joint Venture To Establish Simulation Research Laboratory—Damen Shipyards Group and VSTEP Simulation, a leading provider of trai...

+ World’s Largest Dual Fuel Engine Completed—Mitsubishi Heavy Industries Marine Machinery & Equipment Co., Ltd....

+ Samsung Heavy wins W187b order for 2 oil tankers—Samsung Heavy Industries Co., a major shipbuilder in South Korea, said...

+ 70 Years Of Business At Damen Shiprepair Oranjewerf—Damen Shiprepair Oranjewerf is celebrating 70 years of delivering repa...

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As of 12/6/19 5:42pm. Last new 12/6/19 1:07pm.

+ Imports sustain China’s trade despite overall slowdown in growth—The DHL Global Trade Barometer (GTB) indicates a further contraction i...

+ Global economy will recover in the second half of 2020, says UBS Global Wealth Management—Global growth will see “significant recovery going into the second hal...

+ Asian Governments Step Up Stimulus as Economic Growth Stalls—Asian governments are starting to do their bit to revive economic grow...

+ World Bank adopts $1 billion-plus annual China lending plan over U.S. objections—The World Bank on Thursday adopted a plan to aid China with $1 billion...

+ Japan firms brace for economic contraction after Olympics, seek more stimulus – Reuters poll—Japanese firms are overwhelmingly expecting the economy to contract af...

+ Italy’s economic growth set to remain weak in near term – ISTAT—Italy’s economy is likely to remain weak in the near term, natio...

+ Understanding The U.S. Economy: Lots Of Rotten Jobs—“It doesn’t make any difference whether a country makes computer chips...

+ Euro zone banks repay 147 billion euros in ECB loans before new auction—Euro zone banks are set to repay 146.8 billion euro worth of multi-yea...

+ U.K. Labor Market Freezes Amid Brexit, Election Uncertainty—Political uncertainty is “playing havoc” with the U.K. labor market, w...

+ BOJ’s Harada says no need to take additional policy steps—Bank of Japan board member Yutaka Harada said on Thursday that he saw ...

+ Major European investors urge EU to enshrine climate goal in law—European investors representing over six trillion euros in assets are ...

+ China’s new yuan loans expected to rise in November from 22-month lows—China’s new bank loans are expected to rebound in November from ...

+ America’s Worst Economy Is Still Waiting for Its Trump Bump—West Virginia, a state President Donald Trump campaigned on reviving, ...

+ GDP Doesn’t Include Proceeds of Crime. Should It?—When the U.S. calculates its gross domestic product, it only includes ...

+ German Industrial Production Declined in October—German industrial production fell more than expected in October, after...

+ November Jobs Report Affirms Fed Officials’ Make-No-Moves Stance—Federal Reserve officials will feel comfortable maintaining their wait...

+ American Firms Import Fewer Chinese Goods—Imports of Chinese goods fell in October as the U.S. imposed new tarif...

+ Britain and EU expected to agree free trade deal, cable to gain – Reuters poll—Britain will leave the European Union with a free trade deal, economis...

+ Trump’s Tax Cuts Push U.S. Burden Lower in World—President Trump’s 2017 tax cuts reduced the U.S. tax burden to o...

+ Shoppers Won’t Save the U.S. Economy—Reports of strong sales on Black Friday and Cyber Monday have strength...

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As of 12/6/19 5:42pm. Last new 12/6/19 3:20pm.

+ Tax revenues have reached a plateau—Tax revenues in advanced economies reached a plateau during 2018, with...

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As of 12/6/19 5:42pm. Last new 12/5/19 3:24pm.

+ Maersk’s OceanPro Concludes 2nd, Unveils 3rd Cohorts of Tech Startups—Maersk's startup accelerator OceanPro announced a successful conclusio...

+ CMV Expanding Fleet with P&O Australia’s Duo—Cruise & Maritime Voyages adds two more cruise ships increasing it...

+ China Shipbuilding Boasts USD 4.2 Billion Deals Galore—China Shipbuilding Corp has been on a roll over the past week bringing...

+ TEN Extends Charter for LNG Carrier at Higher Rate—Tsakos Energy Navigation extends a charter contract of one of its LNG ...

+ IRClass, FMT to Develop New Bulk Carrier Designs—Indian Register of Shipping and Further Marine Technology are to coope...

+ AET Bags USD 245 Mn Charter Deal with Shell—AET Tanker Holdings pens three time charter contracts for three shuttl...

+ Advantage Tankers Buys VLCC Pair from CMES—Advantage Tankers buys two very large crude carriers. [[ This is a co...

+ Petredec Adds Two More Ethylene Carriers at Jiangnan Shipyard—Petredec books the construction of two additional 22,000 cbm ethylene ...

+ Titan LNG to Launch Tender for 8,000 cbm Bunker Barge—Titan LNG has contracted Fearnleys AS to run the tender process for a ...

+ Seabourn Lays Keel for Seabourn Venture—Seabourn hosts the keel laying for Seabourn Venture at the T. Mariotti...

+ Meyer Turku Hands Over Costa Smeralda—Meyer Turku delivers LNG-fuelled Costa Smeralda to its Italian owner. ...

+ Bahri Chemicals Joins Maersk Tankers, Cargill as Pool Partner—Bahri Chemicals has joined Maersk Tankers and Cargill's joint MR pool....

+ ABS Partners Up with MAN, SDARI on Ammonia-Fueled Feeder Ship—ABS has joined forces with MAN and SDARI to develop an ammonia-fueled ...

+ Norden Grows Its Commitment to Biofuel—The project will see the duo explore the characteristics of biofuel an...

+ Kitack Lim to Lead IMO for Another 4 Years—The Assembly of the IMO has approved the renewal of Kitack Lim's appoi...

+ 25,000 TEU LNG-Fuelled Boxship Design Secures AIP—Industry heralds the development of the 25,000 TEU LNG-fuelled boxship...

+ Video: 14 Crew Rescued from Listing Cargo Ship in Greek Waters—14 crew members abandon listing cargo vessel New Leo in Greek waters. ...

+ CIB Provides USD 228 Mn for Port of Montreal’s New Container Terminal—Canada Infrastructure Bank is investing CAD 300 million in the Port of...

+ Ocean Yield Adds LR2 Tanker Trio with Long-Term Charters—Ocean Yield ASA has taken delivery of three long range 2 (LR2) product...

+ SBM Offshore Books Two More FPSO Hulls in China—SBM Offshore has returned to Chinese shipbuilders for two more FPSO hu...

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As of 12/6/19 5:42pm. Last new 12/6/19 7:38am.