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, May 30, 2016
barents sea drilling
News

Battered by Crude Collapse, Norway Now Faces Risk of Oil Strikes

By Mikael Holter (Bloomberg) — Norway’s oil companies and the industry’s biggest union had set aside two days to negotiate over wages for offshore

May 30, 2016
Total Views: 68

Friday, May 27, 2016
British Aircraft Carrier HMS Queen Elizabeth
News

U.K.’s Largest Aircraft Carrier Fighting to Meet Budget

By Benjamin Katz (Bloomberg) — The joint venture that is building two aircraft carriers for the U.K.’s Royal Navy is fighting to meet a 6.2 billion

May 27, 2016
Total Views: 186

Thursday, May 26, 2016
seadrill drillship
News

Fredriksen’s Seadrill Says Rig Market Has Bottomed

By Mikael Holter (Bloomberg) — Seadrill Ltd., the offshore rig operator controlled by billionaire John Fredriksen, says the worst market downturn in a

May 26, 2016
Total Views: 44

For Tanker Owners, Shrinking Oil Glut Is Least of Their Worries
News

For Tanker Owners, Shrinking Oil Glut Is Least of Their Worries

By Firat Kayakiran (Bloomberg) — Tanker owners hauling the world’s crude were among the few big winners from an oil-price crash that started in

May 26, 2016
Total Views: 89

baltic exchange offices
News

SGX Only Gets Posh London Address With Baltic Exchange -Opinion

By David Fickling and Andy Mukherjee (Bloomberg) — What does Singapore’s bourse hope to get out of its takeover of the Baltic Exchange? On the face

May 26, 2016
Total Views: 50

Wednesday, May 25, 2016
Panama Canal Fever Sweeps Globe Again as New Era in Trade Opens
News

Panama Canal Fever Sweeps Globe Again as New Era in Trade Opens

By Alex Nussbaum and Naureen S. Malik (Bloomberg) — A century after transforming global markets, the Panama Canal is about to redraw world trade once

May 25, 2016
Total Views: 96

bow of a dry bulk carrier at anchor
Shipping News

Baltic Exchange in Exclusive Talks with Singapore Exchange

By Alaric Nightingale (Bloomberg) — The Baltic Exchange Ltd., a London-based publisher of shipping rates that shape the cost of hauling everything from

May 25, 2016
Total Views: 67

Tuesday, May 24, 2016
Offshore Drilling Foes Invoke 1953 Law to Prod Obama on U.S. Ban
Offshore

Offshore Drilling Foes Invoke 1953 Law to Prod Obama on U.S. Ban

by Jennifer A. Dlouhy (Bloomberg) — Environmental activists who dangled from bridges and paddled kayaks around an Arctic rig have a new strategy for

May 24, 2016
Total Views: 33

troll a
Shipping News

World Better Forget About $100 Oil Coming Back, Norway Says

By Mikael Holter (Bloomberg) — The oil market is rebalancing, but don’t count on ever seeing prices at $100 a barrel again: that’s the clear message

May 24, 2016
Total Views: 61

Port of Long Beach Chief Sees More Pain for Shipping Lines
News

Port of Long Beach Chief Sees More Pain for Shipping Lines

By Andy Hoffman (Bloomberg) — Global container shipping lines face one or two more years of pain as the industry consolidates amid overcapacity and

May 24, 2016
Total Views: 49

Wednesday, May 18, 2016
A worker near a ship under construction at Hyundai Heavy Industries' Shipyard in Ulsan, South Korea, May 13, 2015. REUTERS/Kim Hong-Ji/File Photo
Shipping News

Mass Layoffs Loom in South Korea as Corporate Revamp Starts

By Jiyeun Lee (Bloomberg) — The South Korean government’s push to restructure debt-laden companies is set to cost tens of thousands of workers their

May 18, 2016
Total Views: 47

Tuesday, May 17, 2016
Maersk Investors Get 24% Richer as ‘Perfect Storm’ Warning Ends
News

Maersk Investors Get 24% Richer as ‘Perfect Storm’ Warning Ends

By Christian Wienberg (Bloomberg) — Just four months after analysts warned of the “perfect storm” pummeling shares in A.P. Moeller-Maersk A/S, things

May 17, 2016
Total Views: 68

Monday, May 16, 2016
Loss-Making Container Ships Turn to Airlines – View
Shipping News

Loss-Making Container Ships Turn to Airlines – View

By Chris Bryant (Bloomberg) — Airlines long ago cottoned on to the fact that being part of an alliance could save them money and help them offer

May 16, 2016
Total Views: 72

Friday, May 13, 2016
‘New North Sea’ Beckons Oil Producers Off Canada’s East Coast
News

‘New North Sea’ Beckons Oil Producers Off Canada’s East Coast

By Robert Tuttle (Bloomberg) — A change to an obscure shipping law is helping draw major oil companies to an area off Canada’s east coast that may

May 13, 2016
Total Views: 81

Thursday, May 12, 2016
Europe Container Terminals
News

COSCO Pacific Buys Into Rotterdam Container Terminal

By Kyunghee Park (Bloomberg) — China’s Cosco Pacific Ltd. will pay 125.4 million euros ($143 million) for shares and loans in a container-terminal

May 12, 2016
Total Views: 76

Tuesday, May 10, 2016
USS Milwaukee (LCS 5) during sea trials
Shipping News

U.S. Navy Asks Lockheed Martin to Fix LCS Problems

By Tony Capaccio (Bloomberg) — Lockheed Martin Corp. is under orders from the U.S. Navy to correct quality control failures in building its version of

May 10, 2016
Total Views: 224

polar pioneer
Offshore

Big Oil Abandons $2.5 Billion in U.S. Arctic Drilling Rights

By Jennifer A. Dlouhy (Bloomberg) — After plunking down more than $2.5 billion for drilling rights in U.S. Arctic waters, Royal Dutch Shell,

May 10, 2016
Total Views: 89

hyundai merchant marine
News

Hyundai Merchant Shares Decline Amid Charter Rate Talks

By Kyunghee Park and Heejin Kim (Bloomberg) — Hyundai Merchant Marine Co. fell the most in three weeks in Seoul trading on uncertainty over whether South

May 10, 2016
Total Views: 25

Monday, May 9, 2016
DONG Energy Seeks Taiwan Offshore Wind Growth to Beat Europe’s Tenders
News

DONG Energy Seeks Taiwan Offshore Wind Growth to Beat Europe’s Tenders

By Jessica Shankleman (Bloomberg) — Dong Energy A/S, the world’s biggest developer of offshore wind farms, is expanding into Taiwan and the U.S. as it

May 9, 2016
Total Views: 41

Friday, May 6, 2016
Billionaire’s Bargain Reveals Risks for Offshore Oil Creditors
Offshore

Billionaire’s Bargain Reveals Risks for Offshore Oil Creditors

By Luca Casiraghi and Mikael Holter (Bloomberg) — A bargain for shipping tycoon George Economou is bad news for creditors holding $24 billion of

May 6, 2016
Total Views: 105