Crooked Bough News Round-up

+ Great Lakes Ports and Shipyards Formalize Partnership on U.S. Shipbuilding—he American Great Lakes Ports Association (AGLPA) and the Great Lakes Alliance of Shipyards (GLAS) have signed a new agreement aimed at strengthening ...

+ Up to 70 Ships Queue Off Danube as Bottlenecks Slow Ukraine Grain Exports—Up to 70 vessels are waiting near the Danube's Sulina Canal for access to Ukrainian ports to load grain for export, traders and analysts said on Wedne...

+ Panama Canal Chief: ‘Every Drop of Water Counts’ as Prolonged El Niño Looms—The Administrator of the Panama Canal is warning that the upcoming El Niño season will be longer and is taking the necessary precautions now to conser...

+ Iran, Oman Agree to Share Strait of Hormuz Revenue—Iran’s military said it reached a revenue-sharing agreement with Oman on the Strait of Hormuz, as Tehran and Washington’s standoff over control of the...

+ Höegh Autoliners Orders Six More Aurora Class Car Carriers—Höegh Autoliners is expanding its Aurora class newbuilding program with an order for six additional vessels, taking the series to 18 ships with the po...

+ Panama Canal Chief: Surge in Unreserved Ships Is Fueling Record Auction Prices—Key supply and demand data show the market pressures fueling the record auction prices at the Panama Canal. [Category: Shipping, ACP, draught, Hormuz,...

+ Japan Energy Plan Seeks to Back Pipelines Bypassing Hormuz—Japan plans to support the construction of pipelines that bypass the Strait of Hormuz after the US-Iran war laid bare the country’s vulnerability to d...

+ Iran and Oman Plan for Temporary Hormuz Corridor as Impasse With US Persists—Iran has held new talks with neighboring Oman on management of the Strait of Hormuz, blockaded over nearly six months of conflict, with Oman's foreign...

+ Panama Canal Auction Hits New Record at $5.3 Million—By Ruth Liao, Lucia Kassai and Nicholas Lua (Bloomberg) A shipper needing to transit the Panama Canal bid a record $5.3 million to secure its spot, a...

+ Iran Vows to Resist Widened U.S. Sanctions, Says Washington Seeks Talks—Iran pledged to fight back against expanded U.S. sanctions aimed at isolating its economy, expressing confidence that major trading partners would res...

+ Turkey Braces For Potential Gas Squeeze as U.S. Targets Iran Trade—Turkey, a key US ally and Iran’s third-largest trading partner, is at risk of losing a key energy supplier if Washington makes good on a threat to eco...

+ SpaceX to Build $100 Billion Spaceport on Louisiana Gulf Coast—SpaceX plans to invest $100 billion in a massive new launch facility on Louisiana’s Gulf Coast, a project the company says could eventually support th...

+ In-depth Suezmax study makes CAPEX case for T-BOSS® sterntubeless shaftline system—An in-depth evaluation study based on reference data from a Suezmax crude oil tanker has demonstrated the benefits of using Thordon Bearings’ innovati...

+ Iran and Oman Unveil Framework for Future Management of Strait of Hormuz—Iran and Oman have unveiled a framework for restoring safe navigation through the Strait of Hormuz, including a temporary shipping corridor, joint min...

+ IMO Sounds Alarm as Somali Pirates Hold More Than 90 Seafarers—The International Maritime Organization is calling for urgent action against a resurgence of piracy in the Gulf of Aden, where six merchant ships and ...

+ Trump Says U.S. Navy Has Cleared All Mines From Strait of Hormuz—President Donald Trump declared Tuesday that the U.S. Navy has cleared all mines from international waters in the Strait of Hormuz, even as the multin...

+ Malacca Strait States Will Keep Waters ‘Free, Open and Safe’—Indonesia, Malaysia and Singapore — countries that share the primary stewardship of the Strait of Malacca — said on Tuesday they were committed to kee...

+ Commodity Vessel Transits Through Strait of Hormuz Hit Three-Month Low, Data Shows—Just two tankers transited the key energy chokepoint of the Strait of Hormuz on Monday, for the lowest daily tally of commodity vessels since early Ma...

+ Iran Blacklists 46 Ships On Hormuz ‘Non-Compliant’ List—Iran has published a list of 46 vessels it says violated its arrangements for transiting the Strait of Hormuz, warning that the ships could face fines...

+ U.S. Threatens Iran’s Trading Partners in New Economic Pressure Campaign—Treasury Secretary Scott Bessent threatened economic punishment against any country doing business with Iran as part of what he called an “economic D-...

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+ Almost half of global oil flows from war zones—Almost half the worlds oil comes from countries affected by conflict in 2026, Reuters calculations show, underscoring that current disruptions have ec...

+ US sanctions on Iran: China’s scramble for oil may add to India’s crude, freight costs—The Treasurys latest action expands the sectors exposed to US secondary sanctions to digital assets, technology, gold, aviation and shipping. The late...

+ Japan to proceed with oil shipping aid, restore national crude reserves to 90 days of net imports—A high-level policy meeting at Japans Ministry of Economy, Trade and Industry approved a set of steps on Aug. 24, including a framework to help reduce...

+ Venezuelan revival and sweet crude expansion reshape LatAm flows—The Latin American crude supply landscape is undergoing a structural expansion, driven by Venezuelas post-sanctions reactivation, Guyanas steady offsh...

+ Dangote refinery drives increase in petroleum shipments from Nigeria—Seaborne petroleum product exports from Nigeria have grown seven-fold since 2023, playing an increasing role in the international market for petroleum...

+ Russia set for fifth seaborne gasoline cargo, first from Turkey—Russia is set to receive its fifth confirmed seaborne gasoline delivery since late July and its first from Turkey, as the countrys fuel shortages deep...

+ China boosts grain buying with minimum price programs to support farmers and market—Chinas summer grain purchases have entered their peak period, with grain companies and other market operators buying more than 90 million metric tons ...

+ Govt to buy LNG cargo at $23.93 per MMBtu from Aramco—The Cabinet Committee on Government Purchase has approved the purchase of a cargo of liquefied natural gas (LNG) from Aramco Trading Singapore Pte Ltd...

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As of 8/26/26 11:14am. Last new 8/26/26 4:57am.

+ Is the Euro area economy strong enough for another ECB hike?—The euro area composite flash Purchasing Managers’ Index rose to 52.1 in August, beating Barclays’ forecast of 51.7 and July’s 52, helped by solid man...

+ Fed minutes lean hawkish, but we don’t expect a hike—The minutes to the July FOMC meeting were expected to be relatively hawkish given three members voted for an immediate hike. However, the minutes refl...

+ Euro Area Inflation Expectations Fall for 3rd Month—Median expectations for price growth over the next 12 months in the Euro Area eased to 2.9% in July 2026 from 3% in June. Expectations for inflation t...

+ Europe’s Pitch Book: Doomed by demographics?—The Draghi report sets out Europe’s structural problems clearly, starting with the two holy grails of long-term economic growth: working more hours an...

+ EU imports of goods outpace exports in Q2 2026—In the second quarter of 2026, the EU recorded a trade deficit of €21.8 billion, as goods imported from non-EU countries (€701.8 billion) exceeded exp...

+ Hong Kong Exports Hit New Record Peak—Hong Kong’s exports surged 50.7% year-on-year to a record $672.5 billion in July 2026, although easing from 53.4% in June. Outbound shipments slowed f...

+ Consumer confidence dips as economic uncertainty persists—The latest data from the Conference Board has revealed a decline in consumer confidence, a key indicator of economic sentiment among consumers. The CB...

+ Japan seeks record $230 billion to service debt—Japans Finance Ministry plans to request a record ¥36.6 trillion ($230 billion) for debt-servicing costs in its initial budget for the fiscal year sta...

+ New home sales fall short of expectations, signaling housing market challenges—In a recent release of economic data, new home sales for the previous month were reported at 607,000 units. This figure fell short of market expectati...

+ Germany Q2 GDP Growth Revised Up—Germany’s economy expanded 0.3% in Q2 2026, revised up from 0.2% in the preliminary estimate but easing from 0.4% growth in the previous period. Ruth ...

+ U.S. Home Prices Rise More Than Expected, Boosting Market Confidence—The latest data from the SP/Case-Shiller House Price Index reveals a notable increase in the selling prices of single-family homes across 20 metropoli...

+ Average weekly U.S. private payrolls rise 11,750 in four weeks ending Aug 8 – ADP—U.S. private employers added an average of 11,750 jobs a week in the four weeks ending on August 8, according to preliminary data from ADP Research on...

+ German Ifo index is more evidence of the economy’s resilience—Germany’s most prominent leading indicator, the Ifo index, increased to 88.8 in August, from 86.6 in July. This is the fourth consecutive monthly incr...

+ Japan Leading Index Revised Slightly Upward—Japan’s leading economic index, which gauges the outlook for economic activity in the coming months using indicators such as job offers and consumer s...

+ Germany’s hot political autumn—It is Germany’s super election year, and that is without a federal election. Two state elections at the start of the year, three more this autumn. Sta...

+ Trump vows tariff retaliation in escalating trade dispute with Canada—US President Donald Trump said the US will hit Canada with 50% tariffs on all cars and trucks, automotive parts and steel starting Jan. 1, 2027, as a ...

+ China vows to protect Iran ties after US sanctions threat—China’s government said Tuesday it will take all necessary measures to protect its economic relationship with Iran after the US sanctioned dozens of C...

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