Bloomberg

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Monday, June 1, 2020
Stock photo shows an oil tanker at a terminal
Shipping News

Uncertainty About OPEC+ Cuts Has Oil Struggling to Sustain Rally

By Olivia Raimonde and Hailey Waller (Bloomberg) — OPEC+ and its allies will decide as soon as this week whether or not to extend their historic output

June 1, 2020
Total Views: 31

Friday, May 29, 2020
oil tanker
Shipping News

Oil’s Record Rebound Stymied by Demand Uncertainty

By Olivia Raimonde and Alex Longley (Bloomberg) — Oil’s historic rebound this month from its dramatic plunge below zero is running into headwinds.

May 29, 2020
Total Views: 31

shutterstock_1081936637 containership
Shipping News

Temasek Unit in Talks for At Least $400 Million Ship Deal

By Ameya Karve, Denise Wee and Abhishek Vishnoi (Bloomberg) –A unit of Temasek Holdings Pte. is in talks for a potential investment of at least $400

May 29, 2020
Total Views: 55

wind turbine
Shipping News

Oil and Gas Refugees Are Being Courted By Clean Energy in Texas

By Brian Eckhouse and David Wethe (Bloomberg) –Jeff Bishop’s LinkedIn post gets right to the point: “Houston Oil & Gas Folks — we’re

May 29, 2020
Total Views: 33

Thursday, May 28, 2020
container terminal at port
Shipping News

Trade War Cut $1.7 Trillion From U.S. Market Caps, Study Shows

By Eric Martin (Bloomberg) –The U.S. trade war with China cut $1.7 trillion from the market value of listed American firms and will reduce their

May 28, 2020
Total Views: 62

cargo ships underway
Shipping News

Ship Crews Stuck at Sea Are Facing a ‘Humanitarian Crisis’

By Claire Jiao, Ann Koh and Krystal Chia (Bloomberg) — Even as countries try returning to some semblance of pre-pandemic life, ongoing restrictions are

May 28, 2020
Total Views: 151

Wednesday, May 27, 2020
Floating Wind Gets a $22 Million Boost From Tokyo Gas
News

Floating Wind Gets a $22 Million Boost From Tokyo Gas

By William Mathis (Bloomberg) –Japanese natural gas company Tokyo Gas Co. Ltd has made a bet that the future of renewable power will be floating at sea.

May 27, 2020
Total Views: 48

Tuesday, May 26, 2020
Offshore Oil Rig At Night
Shipping News

Pemex Criticized Over Virus Handling as Offshore Worker Death Toll Soars

By Amy Stillman (Bloomberg) –When 62-year-old Tomas Morales registered a fever of 101.3 Fahrenheit on April 14, the doctor told him to self-isolate. But

May 26, 2020
Total Views: 164

Oil tanker in Ningbo Zhoushan port
Shipping News

Oil Rallies With Producers Showing Confidence by Hiking Prices

By Olivia Raimonde and Alex Longley (Bloomberg) — Oil’s recovery from its historic crash last month is barreling ahead, with some OPEC producers

May 26, 2020
Total Views: 40

Monday, May 25, 2020
crude oil tankers
Shipping News

The World’s Smartest Oil Traders Have Taken to the Seas

By Julian Lee (Bloomberg Opinion) –The waters off the South African oil storage terminal at Saldanha Bay are getting busy. A small flotilla of tankers

May 25, 2020
Total Views: 138

Thursday, May 21, 2020
Oil Rally Continues as Output Cuts Hit Supply Glut
Shipping News

Oil Rally Continues as Output Cuts Hit Supply Glut

By Olivia Raimonde (Bloomberg) –Oil posted its longest streak of gains in more than a year, buoyed by output cuts across the globe that have whittled

May 21, 2020
Total Views: 70

Wednesday, May 20, 2020
tanker at sea
Shipping News

Alaskan, Canadian Crude Sent to China as Demand Recovers

By Robert Tuttle (Bloomberg) –Canadian and Alaskan crude that normally travels to the U.S. West Coast is finding a market in China, where demand is

May 20, 2020
Total Views: 99

Tuesday, May 19, 2020
Haliade-X 12 MW wind turbines
Offshore

Battle Over World’s Biggest Wind Turbine Is Heating Up

By William Mathis (Bloomberg) — Siemens Gamesa Renewable Energy SA, the Spanish wind turbine manufacturer, is to build what will be the world’s biggest

May 19, 2020
Total Views: 213

Monday, May 18, 2020
Stock photo shows an oil tanker at a terminal
Offshore

Oil Rises to Two-Month High Amid Demand Recovery

(Bloomberg) — Oil rose to levels not seen since Covid-19 lockdowns paralyzed the world’s largest economy, lifted by signs of recovering demand and

May 18, 2020
Total Views: 44

oil tanker
Shipping News

Iran Warns U.S. Over Venezuela-Bound Tankers

By Golnar Motevalli (Bloomberg) –Iran has sent an official warning to the U.S. against making threats to Iranian fuel tankers bound for Venezuela, the

May 18, 2020
Total Views: 63

Friday, May 15, 2020
Floating Storage Shows Signs of Slipping
Shipping News

Floating Storage Shows Signs of Slipping

By Alex Longley, Sherry Su and Javier Blas (Bloomberg) — One of the oil market’s most obvious signs of oversupply — millions of barrels being

May 15, 2020
Total Views: 83

Thursday, May 14, 2020
Small Irish Terminal Draws U.S. Oil With Global Storage Filling
Shipping News

Small Irish Terminal Draws U.S. Oil With Global Storage Filling

By Sheela Tobben (Bloomberg) –A cluster of ships with American oil has been heading to a small terminal in southern Ireland as buyers search for places

May 14, 2020
Total Views: 107

Tuesday, May 12, 2020
Workers Start to Fall Ill at Brazil’s Busiest Port
Shipping News

Workers Start to Fall Ill at Brazil’s Busiest Port

By Fabiana Batista (Bloomberg) –Brazilian port workers are starting to fall ill as the coronavirus pandemic reaches one of Latin America’s busiest

May 12, 2020
Total Views: 95

Thursday, May 7, 2020
Bigger Navy Frigates Risk Oversized $1.4 Billion Cost Per Ship
Defense

Bigger Navy Frigates Risk Oversized $1.4 Billion Cost Per Ship

By Tony Capaccio (Bloomberg) — The Navy truncated orders for its ill-fated Littoral Combat Ship because the small vessels were vulnerable to attack and

May 7, 2020
Total Views: 334

tanker deck
News

Tankers Round the Cape as Glut Snarls Ports

By Brian Wingfield, Jack Wittels and Firat Kayakiran (Bloomberg) — When the supertanker New Vigorous arrived at the port of Antifer in northern France

May 7, 2020
Total Views: 296