Bloomberg

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Thursday, May 7, 2020
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: 311

Princess Cruises Extends Voyage Suspension Until End of Summer
Cruise Ships

Princess Cruises Extends Voyage Suspension Until End of Summer

May 6 (Reuters) – Carnival Corp’s Princess Cruises said on Wednesday its voyages would remain suspended through the end of summer as reduced

May 7, 2020
Total Views: 57

Wednesday, May 6, 2020
Oil Snaps 5-Day Rally With Supply Glut Eclipsing Demand Recovery
News

Oil Snaps 5-Day Rally With Supply Glut Eclipsing Demand Recovery

By Olivia Raimonde (Bloomberg) — Oil snapped a five-day rally as a persistent supply glut outweighed signs of recovering U.S. fuel demand. Futures in

May 6, 2020
Total Views: 54

general cargo ship
News

Ships Line Up at Brazil Sugar Terminals Signaling Bounce in Commodity Demand

(Bloomberg) — In Brazil, the world’s top sugar producer, the queue for ships to export the commodity is lengthening in a bullish sign that the biggest

May 6, 2020
Total Views: 173

Tuesday, May 5, 2020
Norwegian Cruise Line Seeking $2 Billion to Survive Industry Shutdown
Cruise Ships

Norwegian Cruise Line Seeking $2 Billion to Survive Industry Shutdown

By Paula Seligson, Jonathan Levin and Crystal Tse (Bloomberg) — Norwegian Cruise Line Holdings Ltd. is pledging ships and two islands as part of a plan

May 5, 2020
Total Views: 57

Monday, May 4, 2020
crude oil tankers
News

Oil Rallies as U.S. Crude Build Seen Slowing

By Olivia Raimonde (Bloomberg) — Oil rallied for a fourth day as the pace of stockpile builds at the key U.S. storage hub slowed last week. Futures rose

May 4, 2020
Total Views: 25

Offshore Oil Platform
News

Global Oil Demand Starts a Long, Painful and Uncertain Recovery

By Javier Blas (Bloomberg) — Few have a better watchtower over oil demand than Joe Gorder, chief executive officer of major U.S. refiner Valero Energy

May 4, 2020
Total Views: 105

Friday, May 1, 2020
Floating Power Plants Are Taking to the High Seas
News

Floating Power Plants Are Taking to the High Seas

By Anna Shiryaevskaya (Bloomberg) — As economic lockdowns complicate efforts to bring electricity to every corner of the planet, one company is putting

May 1, 2020
Total Views: 1020

Cars Stuck at Sea Shows Weight of U.S. Auto Industry Glut
Interesting

Cars Stuck at Sea Shows Weight of U.S. Auto Industry Glut

By Chester Dawson (Bloomberg) — The length of almost two football fields, the cargo ship Jupiter Spirit arrived in Los Angeles’ harbor on April 24

May 1, 2020
Total Views: 237

oil tanker
News

Tanker Rates Crash as OPEC+ Cuts Near. Tanker Owners Reman Bullish

By Firat Kayakiran (Bloomberg) — Oil tanker rates are crashing as a pact to limit global crude production begins. Don’t bet on the rout enduring. From

May 1, 2020
Total Views: 75

Thursday, April 30, 2020
Norwegian Cruise Line Stack and Waterslide
Cruise Ships

Norwegian Cruise Line to Furlough 20% of Workforce

By Jonathan Levin (Bloomberg) — Norwegian Cruise Line Holdings Ltd. is furloughing about 20% of its workforce through the end of July after the

April 30, 2020
Total Views: 128

Wednesday, April 29, 2020
tanker at sea
Shipping News

Saudi Oil Flotilla Faces Congested U.S. Ports

By Stephen Cunningham and Robert Tuttle (Bloomberg) — A fleet of supertankers carrying Saudi oil will add to the growing congestion at U.S. ports in

April 29, 2020
Total Views: 91

Class Action Suits Face Uphill Battle Against Cruise Lines
Cruise Ships

Class Action Suits Face Uphill Battle Against Cruise Lines

By K. Oanh Ha (Bloomberg) — After two passengers on their luxury cruise tested positive for Covid-19 in March, Emilio and Barbara Hernandez were so

April 29, 2020
Total Views: 88

A support vessel is seen next to a wind turbine at the Walney Extension offshore wind farm operated by Orsted off the coast of Blackpool, Britain
News

Renewable Energy Helps Utilities Survive Virus Slump

By Jeremy Hodges and Anna Shiryaevskaya (Bloomberg) — European utilities with bulging renewable energy portfolios are showing that the way out of the

April 29, 2020
Total Views: 63

Tuesday, April 28, 2020
oil storage tankers
News

Oil Slides After ETFs Move Into Later-Dated Contracts

By Mike Jeffers (Bloomberg) — Oil fell after the biggest oil ETF said it would sell out of its June WTI futures position as physical oil storage levels

April 28, 2020
Total Views: 41

China Moves to Harness Tidal Power
News

China Moves to Harness Tidal Power

By William Mathis (Bloomberg) — A tidal-stream turbine with a diameter bigger than the length of a tractor trailer was installed in China for a project

April 28, 2020
Total Views: 200

north sea oil rig
News

U.K. Oil and Gas Industry May Lose 30,000 Jobs Amid Coronavirus Slump

By Helen Robertson (Bloomberg) — The U.K.’s oil and gas industry could lose as many as 30,000 jobs over the next 12–18 months and see drilling

April 28, 2020
Total Views: 47

Sunday, April 26, 2020
offshore rig north sea
News

Diamond Offshore Files for Bankruptcy Amid Historic Crude Crash

By David Wethe and Jeremy Hill (Bloomberg) — Diamond Offshore Drilling Inc., the rig contractor controlled by Loews Corp., filed for bankruptcy amid an

April 26, 2020
Total Views: 78

port of rotterdam
News

Port Authorities Commit to Stay Open Amid Coronavirus Pandemic

By Stephen Stapczynski (Bloomberg) — Twenty port authorities in Asia, Europe, the Middle East and North America signed a declaration committing to stay

April 26, 2020
Total Views: 38

Friday, April 24, 2020
Oil Buoyed by Production Cuts to End Historic Week
Shipping News

Oil Buoyed by Production Cuts to End Historic Week

By Olivia Raimonde (Bloomberg) — Oil edged lower for the week after paring losses following the dramatic collapse on Monday that saw prices in New York

April 24, 2020
Total Views: 61