Bloomberg

Bloomberg News is a global newsroom covering markets, economics, policy, energy, commodities, and international trade. gCaptain republishes select Bloomberg reporting under a syndication license when stories are relevant to shipping, ports, and offshore sectors. Bloomberg stories on gCaptain are clearly labeled and may be edited for house style and format while preserving the original reporting.


Wednesday, June 10, 2020
offshore supply vessel
Offshore

PEMEX Suspends Supplier Contracts, Triggering Job Losses

By Amy Stillman and Peter Millard (Bloomberg) –Mexico’s state oil giant is suspending contracts with service providers and suppliers, triggering

June 10, 2020
Total Views: 113

offshore wind farm
Offshore

Scotland Launches $10 Billion Contest to Build Offshore Wind Farms

By William Mathis (Bloomberg) –Scotland, home to a quarter of Europe’s offshore wind resources, is seeking proposals to install turbines off the coast

June 10, 2020
Total Views: 78

Tuesday, June 9, 2020
Stock photo of a tanker at sea
Shipping News

U.S. Set to Sanction Dozens of Tankers Over Venezuela-Iran Oil Trade

By Saleha Mohsin (Bloomberg) — The Trump administration is preparing sanctions on as many as 50 oil and fuel tankers as part of an effort to cut off

June 9, 2020
Total Views: 103

New Breed of Gas Ships Emerges to Capture Growing Markets
Shipping News

New Breed of Gas Ships Emerges to Capture Growing Markets

By Anna Shiryaevskaya (Bloomberg) –The new Saga Dawn liquefied natural gas tanker shuttling between Singapore and Humen in eastern China is a sign that

June 9, 2020
Total Views: 132

Monday, June 8, 2020
a ship passes below a bridge on the Rhine River
Shipping News

Europe’s Rhine River Faces Low Water Heading into Dry Season

By Jack Wittels and William Wilkes (Bloomberg) –Germany’s Rhine River is entering dry summer months with water levels at their lowest in two decades,

June 8, 2020
Total Views: 240

cma cgm ship
Shipping News

CMA CGM Expects 15% Contraction in Second Quarter

By Antonio Vanuzzo and Tara Patel (Bloomberg) –There will be little change to global supply chains in the aftermath of the coronavirus, at least in the

June 8, 2020
Total Views: 49

port of long beach
Shipping News

U.S. Economy is Still Far From Smooth Sailing, Port Chief Says

By Brendan Murray (Bloomberg) — The U.S. economy is unlikely to snap back quickly and may not return to normal until 2021, according to the chief of one

June 8, 2020
Total Views: 63

Friday, June 5, 2020
President Trump Threatens EU Auto Tariffs Over Lobsters
Shipping News

President Trump Threatens EU Auto Tariffs Over Lobsters

By Jordan Fabian and Jenny Leonard (Bloomberg) –President Donald Trump threatened to impose tariffs on cars made in the European Union and on unspecified

June 5, 2020
Total Views: 194

Offshore Wind Turbines At Sea
Offshore

Wind Turbine Inventor Sees Unlimited Potential in Floating Wind Farms

By Will Mathis (Bloomberg) — The turbine inventor Henrik Stiesdal is small in the shadows of gigantic curves of steel, watching workers weld towers that

June 5, 2020
Total Views: 263

offshore rigs Mobile offshore drilling units stand in the Port of Cromarty Firth in Cromarty, U.K.
Offshore

Offshore Oil’s $105 Billion Hangover Adding to Industry Woes

By Peter Millard, Laura Hurst and David Wethe (Bloomberg) –Aging offshore oil wells that once brought market prominence to Europe, the U.S. Gulf and

June 5, 2020
Total Views: 118

Thursday, June 4, 2020
offshore wind farm under construction. DJ Mattaar / Shutterstock
Offshore

Subsidy-Free Wind Farm Gets Green Light in the North Sea

By William Mathis (Bloomberg) — Swedish energy company Vattenfall AB is going ahead with building one of the world’s largest offshore wind farms and

June 4, 2020
Total Views: 73

U.S. Total Trade Slumps to Lowest Level in Almost a Decade
Shipping News

U.S. Total Trade Slumps to Lowest Level in Almost a Decade

By Ana Monteiro (Bloomberg) –U.S. trade in goods and services plunged in April to the lowest level in almost a decade as the Covid-19 pandemic stifled

June 4, 2020
Total Views: 34

Wednesday, June 3, 2020
offshore wind turbine
Offshore

EDF-Led Group Nods $2.2 Billion French Offshore Wind Project

By Francois de Beaupuy (Bloomberg) — Electricite de France SA and its Canadian and German partners have finalized the funding of a 2-billion euro ($2.23

June 3, 2020
Total Views: 218

Tuesday, June 2, 2020
U.S. Gulf Put on Notice as Tropical Storm Cristobal Gains Strength
Offshore

U.S. Gulf Put on Notice as Tropical Storm Cristobal Gains Strength

By Brian K. Sullivan (Bloomberg) –Tropical Storm Cristobal, now gaining strength in the southern Gulf of Mexico, could grow into a hurricane as it moves

June 2, 2020
Total Views: 50

Monday, June 1, 2020
vlcc tanker u-turn
Shipping News

Oil Tankers Queuing Off Chinese Coast Evidence of Rapid Rebound

By Serene Cheong and Ann Koh (Bloomberg) — Queues of tankers have formed off China’s busiest oil ports as the vessels wait to offload crude for

June 1, 2020
Total Views: 279

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: 37

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: 37

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: 63

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: 40

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: 69