Bloomberg

Bloomberg is an international news agency headquartered in New York. gCaptain is a content partner.


Thursday, April 23, 2020
Stock photo shows an oil tanker at a terminal
News

Forced to Store Fuel at Sea, Oil Refiners at Breaking Point

By Jack Wittels, Firat Kayakiran and Javier Blas (Bloomberg) — Oil refiners are hunting for vessels to store jet-fuel and gasoline that nobody is

April 23, 2020
Total Views: 146

Tuesday, April 21, 2020
Oil Tanker Bridge
News

Floating Oil Storage Grows Off California Coast

By Robert Tuttle (Bloomberg) — Oil tankers carrying enough crude to satisfy 20% of the world’s consumption are gathered off California’s coast with

April 21, 2020
Total Views: 102

taanker
News

Oil Meltdown Widens With June Plunging Below $10 a Barrel

By Olivia Raimonde (Bloomberg) — Oil’s meltdown spread in to the June contract as the price plummeted $10 in New York. West Texas Intermediate plunged

April 21, 2020
Total Views: 77

Harvey Peak Intensity
News

Warmest Oceans on Record Adds to Hurricanes, Wildfires Risks

By Brian K. Sullivan (Bloomberg) — The world’s seas are simmering, with record high temperatures spurring worry among forecasters that the global

April 21, 2020
Total Views: 54

Monday, April 20, 2020
crude oil Pipeline
News

Energy Equities Hang On Despite Negative Oil Price, Tankers Surge

By Michael Bellusci (Bloomberg) — In a historic Monday for crude prices, energy-exposed equities didn’t quite crater as some may have envisioned. The

April 20, 2020
Total Views: 60

Singapore Oil Trader Hin Leong Failed to Declare $800 Million Losses
News

Singapore Oil Trader Hin Leong Failed to Declare $800 Million Losses

Fabled Singapore oil trader Hin Leong hid about $800 million in losses racked up in futures trading on the orders of its founder Lim Oon Kuin, suggesting a

April 20, 2020
Total Views: 246

bulk ship
News

Bulk Shipping Rates Start to Recover as China Emerges From Virus

By Krystal Chia (Bloomberg) — Freight rates for bulk commodities, which were torpedoed earlier this year as China’s economy took its initial hit from

April 20, 2020
Total Views: 96

oil tanker
News

Oil Plunges to Lowest Since 1986 Ahead of Contract Expiration

By Catherine Ngai, Olivia Raimonde and Alex Longley (Bloomberg) — Oil plunged to the lowest level since 1986 as a deadly pandemic ravaging global

April 20, 2020
Total Views: 64

Monday, April 13, 2020
oil storage tanks
News

Oil Price War Ends With Historic OPEC+ Deal to Slash Output

By Javier Blas, Salma El Wardany and Grant Smith (Bloomberg) — The world’s top oil producers pulled off a historic deal to cut global petroleum output

April 13, 2020
Total Views: 41

Thursday, April 9, 2020
shipping containers
News

Global Food Exports Paralyzed by Growing Port Problems

By Jen Skerritt, Leslie Patton and Emele Onu (Bloomberg) — The port backups that have paralyzed food shipments around the world for weeks aren’t

April 9, 2020
Total Views: 68

MV Majestic Maersk
News

With Sailors Stranded, Shipping Faces a Hard Choice

By Adam Minter (Bloomberg Opinion) — Before the pandemic, 100,000 seafarers traveled in and out of the world’s ports every month. Some had spent

April 9, 2020
Total Views: 201

Wednesday, April 8, 2020
lng ship
News

After a Record Year, LNG Industry Heads for Slump in Deliveries

By Anna Shiryaevskaya (Bloomberg) — Shipments of liquefied natural gas will decline from record levels as global economic growth weakens and energy

April 8, 2020
Total Views: 84

p&o ferry spirit of france
News

U.K. Supply Lines at Risk From Virus Squeeze on Ferries

By Joe Mayes (Bloomberg) — Britain faces disruption to goods flows from continental Europe as the coronavirus outbreak squeezes the finances of ferry

April 8, 2020
Total Views: 98

Tuesday, April 7, 2020
offshore spar
News

On GoM’s Offshore Rigs, Crews Fight Virus to Keep Oil Flowing

By Jennifer A. Dlouhy and David Wethe (Bloomberg) — Inside more than a thousand offshore drilling rigs and oil production platforms that dot the Gulf of

April 7, 2020
Total Views: 92

container terminal
Interesting

Ship Crews Stuck in Lockdown Strain Global Supply Chains

By Claire Jiao, Siegfrid Alegado and Ann Koh (Bloomberg) — Port restrictions and canceled flights are straining the ability to replace seafarers on

April 7, 2020
Total Views: 178

Monday, April 6, 2020
Trump’s ‘Free Market’ Response to a Global Deal to Save Oil
News

Trump’s ‘Free Market’ Response to a Global Deal to Save Oil

By Catherine Traywick, Mario Parker and Justin Sink (Bloomberg) — On Thursday, U.S. President Donald Trump sent oil prices rallying on the prospect of

April 6, 2020
Total Views: 32

Stock photo shows an oil tanker at a terminal
News

The Most Profitable Trade: ‘Oil All Over the Oceans Right Now’

By Javier Blas and Alex Longley (Bloomberg) –To outsiders, the oil trade of the day is so astonishing that even President Donald Trump sounded

April 6, 2020
Total Views: 285

Friday, April 3, 2020
Carnival Finds That Even 2021 Cruises Are Hard to Sell Right Now
News

Carnival Finds That Even 2021 Cruises Are Hard to Sell Right Now

By Jonathan Levin and Christopher Palmeri (Bloomberg) — Carnival Corp. customers are skittish about booking a cruise, even if it’s for next year

April 3, 2020
Total Views: 28

lng carrier
News

Natural Gas Glut Moves Offshore

By Anna Shiryaevskaya and Naureen S. Malik (Bloomberg) — Liquefied natural gas traders are following the latest trend in the oil market by storing huge

April 3, 2020
Total Views: 130

Thursday, April 2, 2020
wave breaking over tanker
News

Oil Soars After Trump Says Saudi Arabia, Russia to Cut Supply

By Sharon Cho and Alex Longley (Bloomberg) — Oil surged in London as China planned to start buying up cheap crude for its strategic reserves, while the

April 2, 2020
Total Views: 110