Crooked Bough News Round-up

+ Middle East Tensions Drive Surge in Gulf Freight Rates as Maersk Suspends Haifa Port Calls—By Lori Ann LaRocco Ocean freight spot rates from Shanghai to the Ara...

+ GPS Jamming in Strait of Hormuz Raises Maritime Safety Concerns After Tanker Collision—A significant increase in GPS jamming and spoofing incidents along the...

+ Salvors Raise Mike Lynch’s Sunken Superyacht in Italy—Salvage experts winched Mike Lynch's sunken superyacht towards the sur...

+ Discounts Deepen on Iranian Oil in China as Struggling Teapots Slow Buying—Sellers of Iranian oil to China are offering deeper discounts this mon...

+ UK Issues Tougher Environmental Rules For New North Sea Oil and Gas Drilling—Britain has issued tougher new environmental rules for fossil fuel pro...

+ U.S. Treasury Takes Major Action Against Iran Maritime Network and Houthi Oil Smuggling Operations—The U.S. Department of the Treasurys Office of Foreign Assets Control ...

+ Maersk Suspends Haifa Port Calls as Tensions With Iran Intensify—Container shipping company Maersk MAERSKb.CO said on Friday it had tem...

+ Maersk Names First of Six New 17,480 TEU Methanol-Powered Containerships—A.P. Moller Maersk has named its newest and largest dual-fuel contain...

+ China Angered by British Warship Sailing as Taiwan Raises Alert Level—China's military criticized on Friday the sailing of a British warship...

+ Nigerian Navy Seizes 76 Vessels in Two-Year Crackdown on Oil Theft—The Nigerian Navy has arrested 76 vessels and at least 242 suspects in...

+ Vigor Marine Group Combines Key U.S. Shipyards, Strengthening Domestic Maritime Capability—In a major consolidation move aimed at boosting America’s commercial a...

+ Maritime NZ Files Charges Against KiwiRail Following Cook Strait Ferry Grounding—Maritime NZ has filed two charges against KiwiRail under the Health an...

+ India’s Largest Port in the Making to Raise $3.5 Billion Debt—The firm building what will become the largest port in India plans to ...

+ Australia Targets Russia’s Shadow Fleet with First-Ever Sanctions on 60 Vessels—Australia has launched its first sanctions against Russias shadow flee...

+ Maritime Industry Icon Philippe Louis-Dreyfus Dies at 80—Philippe Louis-Dreyfus, a towering figure in the maritime industry and...

+ India May Cut Oil Product Exports If Strait of Hormuz Is Blocked—India is preparing to source crude oil from outside the Persian Gulf a...

+ Samsung Cancels Order For Icebreaking Gas Carriers For Russia’s Sanctioned Arctic LNG 2 Project—South Korean shipbuilder Samsung Heavy Industries (SHI) has terminated...

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As of 6/21/25 3:11am. Last new 6/20/25 6:56pm.

+ Discounts deepen on Iranian oil in China as struggling teapots slow buying—Sellers of Iranian oil to China are offering deeper discounts this mon...

+ Goldman estimates geopolitical risk premium of around $10 per barrel for Brent after prices rise—Following the rise in Brent prices to $76-77 per barrel, Goldman Sachs...

+ Israel crisis upends crude requirements, impacts region’s gas and power—A seasonal jump in Israels crude oil imports looks set for a sharp con...

+ Middle East Crude-Dubai eases, Oman, Murban extend gains—Middle East crude benchmarks were mixed on Friday with Dubais premium ...

+ Russia’s oil and gas revenue set to fall in June to its lowest since January 2023, Reuters calculations show—Russias oil and gas revenue is seen falling to 0.49 trillion roubles (...

+ Johan Castberg producing at full capacity—The early operation phase has gone according to plan, the field reachi...

+ Differentials elevated on war risk—West African crude oil differentials were elevated on Friday, supporte...

+ Norway’s overall oil, gas output lags forecast in May—Norways combined oil and gas production lagged an official forecast by...

+ US, Chinese strategic reserve buys may offset oil surplus, Russia’s Gazprom Neft says—U.S. and Chinese purchases for strategic oil reserves are expected to ...

+ Kazakhstan’s oil and condensate daily output set to rise by 6% in June, ministry says—Kazakhstans daily oil and gas condensate output is set to rise by 6% i...

+ Libya objects to Greek tender for hydrocarbon exploration off Crete—Libyas internationally recognised government of national unity has obj...

+ Oil prices fall as US delays decision on direct Iran involvement—Oil prices fell on Friday after the White House delayed a decision on ...

+ Mideast conflict turbocharges diesel prices, squeezing Europe—The Israel-Iran conflict has boosted global diesel prices, with gains ...

+ Fitch Ratings Changes Global Oil & Gas Sector Outlook to Deteriorating—Fitch Ratings has changed its 2025 outlook for the global oil and gas ...

+ How are OPEC+ oil producers unwinding their output cuts?—The OPEC+ group of oil-producing countries has begun unwinding some of...

+ U.S. natural gas storage capacity increased in 2024—Underground working natural gas storage capacity in the Lower 48 state...

+ WTI at East Houston trades at more than 2-1/2-year low on weak export demand—The differential for WTI at East Houston (WTC-MEH) versus U.S. crude a...

+ Oil, war and tariffs tear up markets’ central bank roadmap—Investor unease about an increasingly uncertain environment is rising,...

+ Russia’s Dmitriev says Russia, US and Saudi Arabia could act jointly to stabilise oil markets—Russia, the United States and Saudi Arabia could act jointly to stabil...

+ Oil analysts left scratching their heads over Israel-Iran conflict: ‘Your guess is as good as mine’—Analysts are struggling to predict the extent to which Israel and Iran...

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As of 6/21/25 3:11am. Last new 6/20/25 4:14pm.

+ UKMTO Weekly Piracy Report 14 – 20 June 2025—Warnings, advisories and piracy incidents in the Indian Ocean Area by ...

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As of 6/21/25 3:11am. Last new 6/20/25 12:50pm.

+ Asian refiners seek more Mideast oil after spot premiums jump on Israel-Iran conflict—Asian refiners have requested more term crude oil supplies loading in ...

+ Russia boosts seaborne fuel oil exports to India and Turkey in May, data shows—Russia increased seaborne fuel oil and vacuum gasoil exports to India ...

+ China’s May fuel oil imports hit year-to-date monthly lows—Chinas fuel oil imports fell in May to their lowest monthly volumes so...

+ Israel restarts limited gas exports amid ongoing conflict, Egypt still waiting—Israel has resumed limited natural gas exports from surplus supplies, ...

+ Indonesia’s Pertamina seeks more term gasoline, document shows—Indonesias Pertamina on Friday sought 200,000 barrels per month of 90-...

+ EU imposes measures to curb ethanol imports from Pakistan—The European Commission has ended tariff preferences for non-fuel etha...

+ Russia’s Yamal LNG ships first cargo this season to China via Northern route – media—Russias Yamal LNG plant, operated by Novatek NVTK, has dispatched a fi...

+ Petronas to deliver its first LNG Canada cargo to Japan’s Toho Gas in July—An executive from Malaysian state energy firm Petroliam Nasional said ...

+ Indian rapeseed meal exports soar as China replaces Canadian supply—China is set to make record purchases of rapeseed meal from India foll...

+ Russian Sibur doubles LPG loadings from Ust-Luga, resumes supply to India—Sibur, Russias largest producer and exporter of liquefied petroleum ga...

+ Israel’s fuel imports surge as Iran conflict collides with summer demand—Israels imports of road fuels and fuel oil have surged to multi-year h...

+ Syria’s Banias refinery exports first cargo since regime change—Syria resumed fuel shipments from its largest refinery, Banias, for th...

+ Cheniere looks to sell more LNG into Japan after maiden long-term supply deal—Cheniere Energy, the biggest US LNG exporter, is looking to sell more ...

+ China’s Iron Ore Imports Rise Even As Steel Struggles—Chinas iron ore imports are on track in June for their strongest month...

+ Saudi crude oil exports via Strait of Hormuz near 2-year high as Israel-Iran conflict unfolds—Saudi Arabia, the worlds largest crude oil exporter, shipped the most ...

+ Russia boosts railway gasoline exports by a quarter in January to May—Russia increased gasoline exports by railway by a quarter year-on-year...

+ EIA forecasts new export licensing requirements will reduce U.S. ethane exports—We forecast U.S. ethane exports will decrease by 80,000 barrels per da...

+ Ukraine gas imports on the rise as domestic prices climb, analyst says—Ukraines natural gas shortages and high prices are driving growth in f...

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As of 6/21/25 3:11am. Last new 6/20/25 5:58pm.

+ Slow rate hikes could cause wage-price spiral, BOJ paper says—Hiking interest rates only gradually as raw material costs rise could ...

+ German tax revenues up 2.6% in May, finance ministry says—Germanys federal and state government tax revenues rose at a slower pa...

+ UK retail sales record biggest monthly drop since 2023—British retail sales volumes recorded their sharpest drop since Decemb...

+ Japan core inflation hits 2-year high, keeps rate-hike bets alive—Japans core inflation hit a more than two-year high in May, exceeding ...

+ ECB’s Nagel says savings union more urgent than banking union—Creating a European Union savings union has become a matter of urgency...

+ French economy remains gloomy as business sentiment stays subdued—Business sentiment fell in industry in June, as opinions on past produ...

+ Greece’s current account deficit shrinks in April—Greeces current account deficit shrank to 2.1 billion euros in April f...

+ Japan’s inflation higher-than-expected, but BoJ still likely on hold—Headline inflation moderated but core inflation accelerated more than ...

+ Tax hikes put UK budget deficit on track against official forecasts—An influx of taxes paid by businesses put Britains budget deficit on t...

+ US leading indicators slip in May, triggering recession signal, Conference Board says—A measure of future U.S. economic activity fell in May for the sixth s...

+ Mid-Atlantic manufacturing contracts again, employment drops, Philly Fed says—A gauge of manufacturing activity in the U.S. Mid-Atlantic region cont...

+ Fed’s Waller: Rate cuts should be considered by July given inflation data—The Federal Reserve should consider cutting interest rates at its next...

+ Euro zone consumer confidence falls to -15.3 in June—Euro zone consumer confidence fell by 0.2 points in June from the May ...

+ EU ministers back Bulgaria’s euro adoption from 2026—European Union finance ministers gave formal support on Friday for Bul...

+ Russia says Middle East is plunging into ‘abyss’—The Kremlin warned on Friday that the Middle East was plunging into an...

+ China’s January-to-May fiscal revenue falls 0.3%—Chinas fiscal revenue declined by 0.3% in the first five months of 202...

+ China keeps benchmark lending rates unchanged as expected in June—China kept benchmark lending rates unchanged as expected on Friday, af...

+ U.S. Fiscal Outlook Remains Challenging Despite Near-Term Revenue Boost—The U.S. fiscal outlook remains challenging in the absence of major sp...

+ Fed still leans in the direction of cuts, but timing will be delayed—Fed still projecting rate cuts this year Unsurprisingly there was no p...

+ Pressure on budgets starts to bite amid upheaval—Fiscal strains are emerging across the global economy, as governments’...

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As of 6/21/25 3:11am. Last new 6/20/25 4:14pm.

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As of 6/21/25 3:11am. Last new 6/19/25 7:46am.

+ Iran-Israel conflict and the Strait of Hormuz: Charterparty implications—Introduction: the Hormuz Strait and its significance The world is stil...

+ Maritime Security Update: Increased risks to commercial vessels in the Arabian Gulf, Strait of Hormuz, Gulf of Oman, and Northern Arabian Sea—On 14 June 2025, Iran issued a stark warning that it would retaliate a...

+ London P&I Club reports another strong financial year as sustained positive performance brings greater levels of stability—The London PI Club has today announced its financial results for 2024/...

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As of 6/21/25 3:11am. Last new 6/19/25 9:13pm.