Bloomberg

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Friday, January 22, 2021
offshore rig
Offshore

Goldman Sachs Says Biden’s First Steps Are Bullish for Oil

By Andres Guerra Luz and Saket Sundria (Bloomberg) — Initial steps taken by U.S. President Joe Biden’s administration may help support the oil market this year and next, according to Goldman...

January 22, 2021
Total Views: 2072

Cruise Ships

Carnival Cruise Line Extends Sailing Suspension Through End of April

By Jonathan Levin (Bloomberg) — Carnival Corp.’s flagship cruising brand extended its pause on U.S. departures through the end of April and shelved operations in Australia through mid-May amid lingering pandemic...

January 22, 2021
Total Views: 6807

Wednesday, January 20, 2021
Shipping

Orsted Pulls Trigger on First Green Hydrogen Project

By Lars Paulsson and William Mathis (Bloomberg) — Danish utility Orsted A/S took a final investment decision on its first hydrogen project as it expands beyond wind power. The world’s biggest...

January 20, 2021
Total Views: 1955

vlcc tanker
Shipping

Tanker Owners Pay to Move Crude in Wake of Supply Cuts

By Alex Longley (Bloomberg) — Saudi Arabia’s oil production cuts have hit the tanker market so hard that owners of the biggest vessels are effectively subsidizing cargo deliveries on the industry’s...

January 20, 2021
Total Views: 2848

Tuesday, January 19, 2021
Shipping

Shipping Group Says Seafarers Should Receive Vaccine Priority

By Annie Lee (Bloomberg) — Governments should prioritize seafarer vaccinations against Covid-19 to help keep global supply chains operating smoothly, according to the International Chamber of Shipping. New variants of Covid-19 in Brazil,...

January 19, 2021
Total Views: 897

Monday, January 18, 2021
Christophe de margerie
Shipping

Russia Prepares Earliest-Ever Arctic LNG Transit to Asia

By Irina Reznik, Anna Shiryaevskaya and Dina Khrennikova (Bloomberg) — Russia is preparing to make the earliest-ever shipment of liquefied natural gas to Asia, taking advantage of thinning ice in the...

January 18, 2021
Total Views: 3214

Piracy

Piracy Surge Off West Africa Prompts Maersk Call for Action

By William Clowes (Bloomberg) — The world’s biggest shipping company demanded a more effective military response to surging pirate attacks and record kidnappings off the coast of West Africa. The number...

January 18, 2021
Total Views: 3064

Friday, January 15, 2021
Shipping

Why South China Sea Is Key to Blacklisted Oil Giant CNOOC

By Bloomberg News (Bloomberg) — China’s biggest offshore driller is being targeted in the final days of President Donald Trump’s administration for its activity in the South China Sea. China National Offshore Oil...

January 15, 2021
Total Views: 2552

Thursday, January 14, 2021
offshore wind
Shipping

Brooklyn Waterfront Lands Role in New York State’s Offshore Wind Push

By Josh Saul and Will Wade (Bloomberg) — New York is poised to become a hub for offshore wind energy with the state on Wednesday tapping Norwegian giant Equinor ASA to...

January 14, 2021
Total Views: 1775

Oil tanker is docked in Venezuela
Shipping

Pacific Island Nation Says Tanker Used False Flag to Transport Venezuelan Crude

By Lucia Kassai (Bloomberg) — The island nation of Palau says a tanker that recently loaded Venezuelan crude was using a false signal to disguise its identity, potentially putting the Pacific...

January 14, 2021
Total Views: 6438

Wednesday, January 13, 2021
shipping container
Shipping

Surging Shipping Rates Add New Headwind for the Global Economy

By Enda Curran and Brendan Murray (Bloomberg) — Shocks to supply chains are engulfing a wider swath of the global economy as the pandemic rages on, threatening to stifle Asia’s trade-led...

January 13, 2021
Total Views: 3072

wind turbine
Offshore

Siemens Partnership to Develop Offshore Wind-to-Hydrogen Prototype

By William Mathis (Bloomberg) — Siemens Gamesa Renewable Energy SA and Siemens Energy AG plan to spend 120 million euros ($146 million) to figure out how to generate hydrogen from wind...

January 13, 2021
Total Views: 1748

lng carrier
Shipping

LNG Cargo Prices Rising Faster Than Bitcoin

By Anna Shiryaevskaya, Andy Hoffman, Stephen Stapczynski and Sergio Chapa (Bloomberg) — After years building out export capacity and hiring traders, producers of liquefied natural gas and commodity trading houses are...

January 13, 2021
Total Views: 2241

Tuesday, January 12, 2021
lng carrier
Shipping

Asian LNG Breaks $30 Barrier as Cold Makes Traders Scramble

By Stephen Stapczynski and Anna Shiryaevskaya (Bloomberg) — North Asia’s liquefied natural gas benchmark rose above $30 per million British Thermal units for the first time, breaking a barrier that few...

January 12, 2021
Total Views: 1629

Monday, January 11, 2021
lng carrier
Shipping

World’s Priciest Ships: Winter LNG Boom Sends Charter Rates to Record

By Stephen Stapczynski and Anna Shiryaevskaya (Bloomberg) — An unprecedented shortage of liquefied natural gas tankers has made them the most expensive ships ever hired to ferry commodities. Spot rates have...

January 11, 2021
Total Views: 3770

tanker
Shipping

U.S. Labels Houthis Terrorists After Attacks on Oil Tankers

By Paul Wallace, Verity Ratcliffe and Mohammed Hatem (Bloomberg) — The U.S. has classified Yemen’s Houthis as a foreign terrorist organization following a series of attacks on oil tankers in the...

January 11, 2021
Total Views: 1550

lng carrier
Ports

Freezing Weather Snarls Asian Port, Sending Energy Prices Soaring

By Bloomberg News (Bloomberg) — China’s coldest winter in decades meant state-owned energy giant Sinopec was desperate to unload heating fuel from a vessel headed to a northern port, yet freezing...

January 11, 2021
Total Views: 1790

Shipping

How China Won Trump’s ‘Easy to Win’ Trade War

By Bloomberg News – U.S. President Donald Trump famously tweeted that “trade wars were good, and easy to win” in 2018 as he began to impose tariffs on about $360 billion of imports from China....

January 11, 2021
Total Views: 3576

Friday, January 8, 2021
vlcc tanker
Shipping

Oil Has Best Week in Four Months With Saudi Cut Buoying Prices

By Andres Guerra Luz (Bloomberg) — Oil posted the biggest weekly gain since late September as Saudi Arabia’s plan to slice output spurred a surge in physical crude buying. Futures in...

January 8, 2021
Total Views: 812

hyundai heavy industries shipbuilding
Shipping

Ship Orders Slump 50% With Owners Unsure Which Green Fuel to Use

By Elizabeth Low and Jack Wittels (Bloomberg) — Ship owners facing looming deadlines to use less-polluting fuels have slashed the number of new vessels on order because they don’t know which...

January 8, 2021
Total Views: 4939