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.


Monday, March 16, 2020
carnival cruise ship
Cruise Ships

Warning of Loss, Carnival Moves to Shore Up Liquidity

By Jonathan Levin (Bloomberg) — Carnival Corp., the largest player in a cruise industry reeling from the effects of the coronavirus, said it expects a

March 16, 2020
Total Views: 240

Major Cruise Lines Suspend Voyages After President’s Request
News

Major Cruise Lines Suspend Voyages After President’s Request

By Jonathan Levin (Bloomberg) — President Donald Trump said the country’s biggest cruise lines will suspend operations for a month at his request,

March 16, 2020
Total Views: 91

Friday, March 13, 2020
oil tanker
News

Saudi Booking Spree Sends Tanker Rates Soaring

By Alex Longley, Jack Wittels and Firat Kayakiran (Bloomberg) — Saudi Arabia is snapping up more and more oil tankers as the kingdom prepares to flood

March 13, 2020
Total Views: 146

oil tanker
News

Oil Heads for Worst Week Since 2008

By Alex Longley (Bloomberg) — Oil is headed for its largest weekly collapse since 2008 as a bitter price war erupted between Saudi Arabia and Russia,

March 13, 2020
Total Views: 79

File photo of a product tanker underway at sea
News

Shale Drillers Float Jones Act Waiver

By Jennifer A. Dlouhy (Bloomberg) — U.S. oil companies battered by the crude price war between Saudi Arabia and Russia are encouraging the Trump

March 13, 2020
Total Views: 103

Thursday, March 12, 2020
container terminal at port
News

Global Recession Risk Spikes as World Powers Down, Markets Slump

By Enda Curran and Michelle Jamrisko (Bloomberg) — A pandemic-driven global recession is becoming more likely by the day as the flow of goods, services

March 12, 2020
Total Views: 44

Wednesday, March 11, 2020
Equinor Confirms Coronavirus Case on North Sea Oil Platform
News

Equinor Confirms Coronavirus Case on North Sea Oil Platform

By Stephen Treloar and Mikael Holter (Bloomberg) — Equinor ASA reported the first case of coronavirus among employees on oil and gas installations

March 11, 2020
Total Views: 124

cosco shipping at port of long beach
News

Warning Bells Sound for U.S. Economy As Coronavirus Squeezes Ports

By Michael Sasso (Bloomberg) — Accustomed to running at full speed this time of year, George Powers has watched as a shipping slowdown tied to the

March 11, 2020
Total Views: 68

port of long beach
News

Ports Act as Weather Vanes as Economic Clouds Darken

By Brendan Murray (Bloomberg) — Longshoremen hold a revered place in economic and political history — from the docks of London and South Africa to

March 11, 2020
Total Views: 104

Tuesday, March 10, 2020
vlcc tanker u-turn
News

Saudis Make Rare Supertanker Bookings to Carry Flood of Oil

By Sheela Tobben, Alaric Nightingale and Serene Cheong (Bloomberg) — Saudi Arabia’s biggest tanker company booked a batch of ships to transport the

March 10, 2020
Total Views: 298

SS United States
News

Historic Ocean Liner SS United States May Get Second Life

By Patrick Clark and Olivia Carville (Bloomberg) — Scott Rechler was negotiating a deal to build Airbnb rentals in a Manhattan office tower when the

March 10, 2020
Total Views: 4155

Monday, March 9, 2020
tanker loading
News

Oil in Grips of Chaos After Price War Triggers Historic Crash

By James Thornhill (Bloomberg) — Oil clawed back some of its biggest drop in a generation as a battle for market share between Saudi Arabia and Russia

March 9, 2020
Total Views: 109

Oil Tanker Bridge
News

Wanted: Tankers to Store Oil as Price War Augurs Glut

By Serene Cheong, Sharon Cho, Alex Longley and Sheela Tobben (Bloomberg) — Oil’s plunge has revived memories of the 2008-09 recession, when traders

March 9, 2020
Total Views: 251

Friday, March 6, 2020
offshore rig
News

North Sea Oil Producers Face Demanding Near-Term Carbon Target

By Mathew Carr (Bloomberg) — A group of U.K. North Sea oil and natural gas producers face an ambitious government-mandated target to cut their emissions

March 6, 2020
Total Views: 77

shipping container
News

Virus Hit to World Trade Much Worse Than U.S.-China Row, Allianz Says

By Ben Holland (Bloomberg) – The coronavirus epidemic and the attempt by governments to contain it may slash about $320 billion off global trade each

March 6, 2020
Total Views: 121

Thursday, February 27, 2020
cargo ship
Shipping

IMO 2020 Entering New Phase with Carriage Ban

By Jack Wittels (Bloomberg) — A tweak to new environmental rules for the shipping industry is just days from taking effect, closing off a loophole for

February 27, 2020
Total Views: 163

The U.S. Navy Can’t Afford to Lose the Philippines
Navy

The U.S. Navy Can’t Afford to Lose the Philippines

By Admiral James Stavridis, USN, retired (Bloomberg) The first time I sailed into Manila Bay, I was a young ensign on a Navy destroyer. It was in the late

February 27, 2020
Total Views: 402

oil tanker at anchor
Shipping News

Oil Extends Slump Past 13-Month Low on Mounting Pandemic Fears

By Ann Koh and Alex Longley (Bloomberg) — Oil extended losses after closing at a 13-month low as more new coronavirus cases were reported outside China

February 27, 2020
Total Views: 69

Wednesday, February 26, 2020
MSC Cruise Ship Heads to Mexico After Being Turned Away at Caribbean Ports
Interesting

MSC Cruise Ship Heads to Mexico After Being Turned Away at Caribbean Ports

Update: Mexico Lets Cruise Ship Dock as Crew Member Found to Have Flu, Not Coronavirus By Jonathan Levin (Bloomberg) — A ship operated by MSC Cruises is

February 26, 2020
Total Views: 278

Tuesday, February 25, 2020
offshore wind farm
News

Total Hiring for Offshore Wind Jobs in U.K., Denmark

By William Mathis (Bloomberg) — French energy company Total SA is hiring in the U.K. and Denmark to prepare to compete for government contracts for

February 25, 2020
Total Views: 88