Bloomberg

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Wednesday, June 26, 2019
A damaged Andrea Victory ship is seen off the Port of Fujairah
Shipping News

U.A.E. Splits With U.S. Over Blame for Oil Tanker Attack in May

By Abbas Al Lawati (Bloomberg) –The United Arab Emirates appeared to distance itself from U.S. claims that pinned attacks on oil tankers near the Strait

June 26, 2019
Total Views: 61

Monday, June 24, 2019
offshore wind turbine
Offshore

Orsted Wins New Jersey Contract as Offshore Wind Poised to Boom

By Christopher Martin (Bloomberg) — New Jersey awarded a contract to Denmark-based Orsted A/S to provide power from a wind farm it’s planning in the

June 24, 2019
Total Views: 82

tanker underway
Shipping News

Persian Gulf War Risk Premiums Seen Costing $500,000 Per Oil Shipment

(Bloomberg) –The cost of insuring Middle East oil shipments is soaring as tensions mount in a region responsible for about a third of all seaborne

June 24, 2019
Total Views: 66

front altair oil tanker is seen after it was attacked at the Gulf of Oman
Shipping News

U.S. Seeks Allies’ Support to Protect Persian Gulf Shipping Lanes

By Nick Wadhams (Bloomberg) –The U.S. is seeking support from allies for a program to monitor commercial shipping in the Persian Gulf after attacks on

June 24, 2019
Total Views: 77

Friday, June 21, 2019
offshore wind farm
Shipping News

Clean Energy Becomes Dominant Power Source in U.K.

By Jeremy Hodges (Bloomberg) –The U.K. will generate more energy from low-carbon sources than from fossil fuels this year for the first time since the

June 21, 2019
Total Views: 99

tanker loading
Shipping News

Oil Posts Best Week Since 2016 as Trump Calls Off Iran Raids

By Alex Nussbaum (Bloomberg) –Oil rocketed to its biggest weekly gain in more than two years as U.S. President Donald Trump’s aborted air strikes

June 21, 2019
Total Views: 30

oil tanker
Shipping News

Shipping Rates for Mideast Oil Are Surging

By Alaric Nightingale and Firat Kayakiran (Bloomberg) –Oil tanker owners are raising the prices they charge to export Middle East crude as tensions

June 21, 2019
Total Views: 31

Thursday, June 20, 2019
tanker in storm
Shipping News

Iran Exposes Oil’s Sea Change in the Persian Gulf

By Liam Denning (Bloomberg Opinion) –“It is not the role of the United States to take the lead in protecting neutral shipping in the [Persian] Gulf.”

June 20, 2019
Total Views: 54

Tuesday, June 18, 2019
containership sailing
Shipping News

Banks With $100 Billion in Shipping Loans Get Strict on Climate

(Bloomberg) –A group of financiers with $100 billion of loans to shipowners are about to get stricter on the kinds of vessels they’ll finance as part

June 18, 2019
Total Views: 1145

Sunday, June 16, 2019
UK To Deploy Marines To Protect British Ships In The Persian Gulf
Incidents

UK To Deploy Marines To Protect British Ships In The Persian Gulf

By Verity Ratcliffe (Bloomberg) The Royal Navy plans to deploy 100 marines to the Persian Gulf to protect British ships after a series of attacks on vessels,

June 16, 2019
Total Views: 46

Incidents

US Vows To Protect Shipping in Persian Gulf

By Mark Niquette and Shawn Donnan (Bloomberg) There’s “no doubt” Iran was responsible for attacks on two oil tankers leaving the Persian Gulf last week,

June 16, 2019
Total Views: 19

Friday, June 14, 2019
front altair oil tanker is seen after it was attacked at the Gulf of Oman
Shipping News

War Risk Premiums Surge After Gulf of Oman Tanker Attacks

by Alex Longley and Sheela Tobben (Bloomberg) –Oil tanker owners face spiraling insurance costs to load cargoes from the world’s largest crude-export

June 14, 2019
Total Views: 127

Thursday, June 13, 2019
lng carrier
Shipping News

Gulf of Oman Tanker Attacks Threaten LNG Shipments Too

By Liam Denning (Bloomberg Opinion) –News of more mysterious tanker attacks, this time in the Gulf of Oman, had their predictable effect on (otherwise

June 13, 2019
Total Views: 28

Wednesday, June 12, 2019
liquefied natural gas tanker
Shipping News

Trade Deal Could Propel U.S. to Top of China’s LNG Supplier List

By Stephen Stapczynski (Bloomberg) –Here’s another reason for Presidents Donald Trump and Xi Jinping to seal a swift trade deal: it could put the U.S.

June 12, 2019
Total Views: 24

prelude flng
Shipping News

Australia Reaches for LNG Crown as $200 Billion Boom Ends

By Stephen Stapczynski (Bloomberg) –Australia started the last in a $200 billion wave of natural gas mega-projects, setting it on course to become

June 12, 2019
Total Views: 119

Tuesday, June 11, 2019
Harvey Peak Intensity
Shipping News

U.S. Hurricane Season is Unnecessarily Dangerous

By Eric Roston (Bloomberg) — Forecasters are expecting this year’s North Atlantic hurricane season to be roughly average, with about 14 named storms

June 11, 2019
Total Views: 93

u.s. coast guard
Shipping News

U.S. Coast Guard Beefs Up Pacific Fleet to Counter China

By Philip J. Heijmans and Glen Carey (Bloomberg) — The U.S. Coast Guard is touting increased operations in the Western Pacific, thousands of miles from

June 11, 2019
Total Views: 83

Monday, June 10, 2019
mississippi shipping
Shipping News

Hundreds of Barges Stalled as Floods Hinder Midwest Supplies

By Brian K. Sullivan, Shruti Date Singh and Mario Parker (Bloomberg) — Hundreds of barges are stalled on the Mississippi River, clogging the

June 10, 2019
Total Views: 60

Friday, June 7, 2019
A damaged Andrea Victory ship is seen off the Port of Fujairah
Shipping News

U.A.E.-Led Probe of Oil Tanker Attacks Points to `State Actor’

By David Wainer (Bloomberg) — An investigation into a spate of attacks on oil tankers in the Middle East last month has concluded that a “state

June 7, 2019
Total Views: 29

offshore rig
Shipping News

Top Bankers Warn Offshore Oil Industry’s Debt Woes Aren’t Over

By Mikael Holter (Bloomberg) — Offshore oil and gas bankers in Oslo are warning that the industry is far from out of the woods as a recovery is

June 7, 2019
Total Views: 24