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.


Tuesday, April 28, 2020
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: 203

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: 56

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: 83

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: 41

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: 65

taanker
News

Oil Market So Glutted Traders Use Tiny Barges to Store Fuels

By Ronan Martin and Jack Wittels (Bloomberg) — The oil market is getting so glutted that tiny barges that would normally be busily moving fuels

April 24, 2020
Total Views: 89

Thursday, April 23, 2020
High-Seas Energy Fight Off Malaysia Draws U.S., Chinese Warships
Defense

High-Seas Energy Fight Off Malaysia Draws U.S., Chinese Warships

By Philip J. Heijmans (Bloomberg) — Malaysia’s push to explore energy blocks off its coast has turned into a five-nation face off involving U.S. and

April 23, 2020
Total Views: 137

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: 158

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: 112

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: 87

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: 63

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: 62

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: 259

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: 100

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: 72

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: 54

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: 73

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: 206

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: 85

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: 108