Crooked Bough News Round-up

+ Russian energy minister sees no reason to reduce pertoleum products output—Russian energy minister Nikolai Shulginov on Friday said there was no ...

+ U.S. backs smaller version of ConocoPhillips Alaska oil project—President Joe Bidens administration said on Wednesday it would support...

+ U.S. diesel stocks start the year critically low—Slowdowns in manufacturing activity and freight transportation have co...

+ Commodities: Milder winter offers some comfort to energy markets—Drastic change in the natural gas outlook A late start to the 2022/23 ...

+ Iran’s oil, gas incomes surge 40%: Oji—Iranian Oil Minister Javad Oji has said the country’s incomes from the...

+ Sanctions on Russian crude oil have ‘failed completely,’ oil analyst says—Sanctions imposed on Russian crude oil have so far “failed completely”...

+ EU agrees price caps on Russian oil products—EU countries agreed on Friday on a European Commission proposal to set...

+ Benchmarks fall; Jan ESPO loading hits record high—Middle East crude benchmarks Oman, Dubai and Murban edged lower on Fri...

+ ExxonMobil, Chevron’s big cash shows cheap gas isn’t coming back—If you want a quick outlook on whether U.S. gas prices are likely to r...

+ NuStar targets to move 600,000 b/d of Permian crude to US Gulf Coast in 2024—NuStar Energy is targeting to move 600,000 b/d of land-locked crude fr...

+ Indonesia 2023 gasoline demand, imports likely to exceed 2022 records—Gasoline consumption and imports in Indonesia, Asias largest importer ...

+ The Commodities Feed: Russian products ban imminent—Energy EU ban on Russian refined products set to start The EU’s ban o...

+ Oil weakens as market awaits signs of China demand recovery—Oil prices eased on Friday, with major benchmarks headed for their sec...

+ More oil is coming—President Biden spent much of 2022 exhorting US and foreign energy pro...

+ EU regulatory body ACER publishes first daily LNG reference price—EU regulatory body ACER on Feb. 1 published its first daily LNG refere...

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As of 2/5/23 5:58am. Last new 2/3/23 6:30pm.

+ UKMTO Weekly Piracy Report 25 – 31 January 2023—Warnings, advisories and piracy incidents in the Indian Ocean Area by ...

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As of 2/5/23 5:58am. Last new 2/3/23 12:54pm.

+ Philly Shipyard & Avalotis Industrial Services Finalize Transfer of Prime Plate Facility Operations—Philly Shipyard, Inc. (PSI) and Avalotis Industrial Services (AIS), an...

+ KSOE wins $2 billion order for 12 methanol-powered ships—Korea Shipbuilding Offshore Engineering (KSOE) won a 2.53 trillion-wo...

+ Korean Shipbuilders Post KRW7tn in Order Intake in First Month of 2023—Korea’s major shipbuilders are landing orders for high-priced ships. T...

+ Mitsubishi Shipbuilding and INPEX Complete Conceptual Study for Ammonia Bunkering Vessel—Mitsubishi Shipbuilding Co., Ltd., a Mitsubishi Heavy Industries (MHI)...

+ Singapore’s Keppel Corp posts 9% drop in full-year profit—Singapores Keppel Corp said on Thursday its net profit for the year fe...

+ MOL Signs Collaboration Deal with Nagasaki Prefecture for Shipbuilding-Related Industries and Renewable Energy Projects—Mitsui O.S.K. Lines, Ltd. announced the signing of a collaboration agr...

+ GTT Entrusted By Hyundai Samho Heavy Industries With The Tank Design Of Two New LNG Carriers—GTT announces that it has received, at the beginning of 2023, an order...

+ Keppel O&M to deliver Guyana’s third FPSO—Keppel Offshore Marine’s (Keppel OM) wholly-owned subsidiary Keppel S...

+ China leads globally in ship orders, output—China remained the worlds leading shipbuilder in 2022, grabbing the la...

+ Renewal of the License Contract for UE engines with China State Shipbuilding Corporation Diesel Engine Co., Ltd.—Japan Engine Corporation (J-ENG) has recently renewed the License Cont...

+ Significant Fall in Ships Sold for Scrap During 2022—According to new data released today by the NGO Shipbreaking Platform,...

+ Samsung Heavy Industries seals $496.4 million order for LNG carriers—Samsung Heavy Industries (SHI) has bagged a 609.7-billion-won ($496.4 ...

+ DSME contracts TMC for BW LNG’s carriers—Daewoo Shipbuilding and Marine Engineering (DSME) has engaged TMC Comp...

+ Amer Shipping orders two dry cargo vessels from Concordia Damen—Inland shipping construction yard Concordia Damen will deliver two CDS...

+ Deltamarin participates into Socatra sail conversion project—Deltamarin and Socatra have signed a contract for a conversion basic d...

+ SHI reports 854 billion won operating loss in 2022—Samsung Heavy Industries (SHI) reported an operating loss of over 800 ...

+ Three Korean Shipbuilders Focusing on Boosting Profitability—As in 2022, Korean shipbuilders are expected to receive many orders fo...

+ Chinese shipbuilding sector continues to lead in world market in 2022: MIIT—China remained the worlds leading shipbuilder in 2022, taking up nearl...

+ Japan’s No. 2 shipbuilder to start making LNG-fueled vessels—Japan Marine United, the countrys second-largest shipbuilder, will sta...

+ GTT entrusted by Dalian shipbuilding industry with the tank design of two new LNG carriers—GTT announces that it has received, at the beginning of 2023, an order...

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As of 2/5/23 5:58am. Last new 2/3/23 5:17pm.

+ U.S. Bank Earnings Pressured by Higher Deposit Costs, Reserve Building—U.S. bank earnings for 4Q22 declined YoY as banks continued to build l...

+ ECB terminal rate could be above current market pricing: Wunsch—The European Central Bank will continue to raise rates beyond March an...

+ Strong India services growth dipped slightly in January—Robust growth in Indias services industry eased last month after touch...

+ BoE’s Pill says important not to raise interest rates too high—Bank of England Chief Economist Huw Pill said on Friday it was importa...

+ China to consolidate and expand economic recovery, premier says—Chinas economy is picking up and the government will work to consolida...

+ Top trade officials of China, Australia to meet virtually next week: MOFCOM—The Chinese Ministry of Commerce (MOFCOM) confirmed on Thursday that t...

+ Lower gas prices point to a more modest recession in the UK—Lower gas prices are good news for UK consumers Lower gas prices are a...

+ Brazil records strongest trade surplus for January in 17 years—Brazil posted its strongest trade surplus for January in 17 years, acc...

+ ECB set to raise rates again in May, policymakers say—The European Central Bank is likely to raise interest rates again in M...

+ U.S. job growth accelerates in January, wage gains moderate—U.S. job growth accelerated sharply in January amid a persistently res...

+ Strong India services growth dipped slightly in January—Robust growth in Indias services industry eased last month after touch...

+ UK services sector has worst month in two years, PMI shows—Britains services sector kicked off 2023 with its weakest performance ...

+ U.S. service sector rebounds in January – ISM survey—U.S. services industry activity rebounded strongly in January, with ne...

+ Euro zone producer prices rise more than expected in December—Euro zone producer prices decelerated year-on-year in December, but we...

+ Euro zone business activity returned to growth in Jan -PMI—Business activity in the euro zone bounced back to growth in January, ...

+ Euro zone inflation seen just above ECB’s target in 2025, poll shows—Euro zone inflation is set to decline to 2.1% in 2025, just a shade ab...

+ China Jan services activity expands for first time in five months – Caixin PMI—Chinas services activity in January expanded for the first time in fiv...

+ Fed feeds Wall Street’s soft landing hopes, though recession fears still loom—A more dovish-than-expected message from Federal Reserve Chairman Jero...

+ PIMCO: ECB Reaction—Overall, yesterday’s ECB monetary policy decisions have been broadly i...

+ Why the U.S. Inflation Reduction Act has rattled Europe—The European Commission presented its Green Deal Industrial Plan on We...

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As of 2/5/23 5:58am. Last new 2/3/23 6:30pm.

+ China’s Economy is Rebounding, But Reforms Are Still Needed—China’s economy is set to rebound this year as mobility and activity p...

+ Central banks should stick to ‘higher for longer’ interest rate approach – IMF—Global central banks need to make clear to financial markets the proba...

+ IMF tells Latin America’s wealthy to pay fair share of taxes—Latin America and the Caribbean will face rising poverty and food inse...

+ OECD offers final guidance for global minimum corporate tax—The Organisation for Economic Cooperation and Development detailed on ...

+ For ASEAN countries, IMF sees slower global growth outweighing China reopening—International Monetary Fund economists said on Tuesday that Singapore ...

+ IMF lifts 2023 growth forecast on China reopening, strength in U.S., Europe—The International Monetary Fund on Tuesday raised its 2023 global grow...

+ IMF slashes UK growth outlook, adding pressure on finance minister Hunt—Britain is the only Group of Seven nation to have suffered a cut to it...

+ Global Economy to Slow Further Amid Signs of Resilience and China Re-opening—The global economy is poised to slow this year, before rebounding next...

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As of 2/5/23 5:58am. Last new 2/3/23 6:30pm.

+ Euronav CEO: We don’t want to make a bet on a specific future fuel—Being a front-runner, especially in the shipping industry, comes with ...

+ Maersk, Ashdod Port to collaborate on logistics, supply chain innovation—Ashdod Port Company has signed an agreement with Maersk North America ...

+ In Focus: Dealing with the energy trilemma—A new week, new steps in the transformation of the offshore energy sec...

+ GTT receives €4.66M for CO2 capture system design for MerVent 2025—As part of the MerVent 2025 project, French LNG containment specialist...

+ Construction starts on Seaspan’s 1st LNG bunker vessel at CIMC SOE—Chinese shipbuilder CIMC Sinopacific Offshore Engineering (CIMC SOE) ...

+ Offshore wind partners unveil large-scale green hydrogen and e-fuel project in Baltic Sea—The Sweden-based company OX2 and the Bank of Åland, who are jointly de...

+ Spliethoff’s fuel-efficient DP2 newbuild delivered—China’s Mawei Shipyard has delivered the first of two multipurpose DP2...

+ Scale Gas and Knutsen launch first LNG bunker vessel built in Spain—Enagás subsidiary Scale Gas and Norwegian vessel operator Knutsen Grou...

+ Preem hires Sirius Shipping’s eco-friendly tanker for sustainable transportation—Sweden fuel company Preem has signed a time-charter agreement with Sir...

+ Greenabl Shippers Association: Logistics industry launches green supply chain coalition—The logistics industry is taking a major step towards sustainability w...

+ NYK Line receives 1st LNG-powered car carrier from China Merchants—China Merchants Jinling Shipyard (Nanjing) Co. has delivered the first...

+ Fincantieri floats out eco-friendly cruise ship for Regent Seven Seas Cruises—Italian shipbuilder Fincantieri has launched a new eco-friendly cruise...

+ Hyundai Intelligent Navigation Assistant System secures backing from KR, Liberian Registry—The Korean Register and Liberian Registry have awarded Approval in Pri...

+ EU’s Green Deal Industrial Plan sets the stage for faster green transition of shipping—The European Union has rolled out A Green Deal Industrial Plan for the...

+ DP World to develop mega-container terminal at India’s Deendayal Port—UAE-based logistics giant DP World has won a major concession to devel...

+ WATCH: CAPITAL welcomes 1st LNG fuel-ready eco-friendly tanker in 2023—Greece-based ship management company Capital Ship Management (Capital)...

+ BV awards world’s first AiP for vessel cyber resilience—French classification society Bureau Veritas (BV) has awarded approval...

+ Euronav says ousting of entire Supervisory Board not a good idea—Belgian tanker shipping company Euronav believes that the recent reque...

+ Investigation reveals cause of fire incident on world’s 1st LH2 carrier Suiso Frontier—Australian Transport Safety Bureau (ABTS) has concluded the investigat...

+ US DOE awards Port of Corpus Christi with $16.4M in CarbonSAFE grants—The Port of Corpus Christi has been allocated $16.4 million through th...

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As of 2/5/23 5:58am. Last new 2/3/23 8:40am.