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.


Thursday, April 14, 2016
Japan’s K-Line Said to Cut Fleet of Smaller Bulk Carriers in Half
News

Japan’s K-Line Said to Cut Fleet of Smaller Bulk Carriers in Half

By Chris Cooper and Kiyotaka Matsuda (Bloomberg) — Kawasaki Kisen Kaisha Ltd., Japan’s third-largest shipping company, plans to halve the fleet of its

April 14, 2016
Total Views: 129

U.S. Set to Issue Tighter Offshore Drilling Rules Fought by Industry
News

U.S. Set to Issue Tighter Offshore Drilling Rules Fought by Industry

By Jennifer A. Dlouhy (Bloomberg) — The Obama administration will issue sweeping new regulations on offshore drilling Thursday, imposing potentially

April 14, 2016
Total Views: 34

Houston-Based Oil Explorer Energy XXI Files for Bankruptcy After $5 Billion Expansion
News

Houston-Based Oil Explorer Energy XXI Files for Bankruptcy After $5 Billion Expansion

By Tiffany Kary and Joe Carroll (Bloomberg) — Energy XXI Ltd. filed for bankruptcy protection after spending $5 billion on acquisitions in the years

April 14, 2016
Total Views: 70

The U.S. Has More Gas Than It Needs Yet Boston’s Importing Most Since 2012
Shipping News

The U.S. Has More Gas Than It Needs Yet Boston’s Importing Most Since 2012

By Naureen S. Malik (Bloomberg) — The U.S. is grappling with the biggest glut of natural gas in four years. And you wouldn’t know it from the number of

April 14, 2016
Total Views: 22

Wednesday, April 13, 2016
Bulker under construction at Yangzijiang Shipbuilding in China
News

China’s Yangzijiang Wins $510 Million Ship Order Amid Weak Demand

By Kyunghee Park (Bloomberg) — Yangzijiang Shipbuilding Holdings Ltd., China’s biggest private shipbuilder, won a $510 million order to build six very

April 13, 2016
Total Views: 42

Tuesday, April 12, 2016
carnival cruise ship
News

Cuba’s No-Cubans Rule Puts Cruise Lines in Uncharted Waters

By Justin Bachman (Bloomberg) — Carnival Corp.’s maiden voyage to Cuba next month will be filled with almost 700 cruisers looking to spend time

April 12, 2016
Total Views: 30

Monday, April 11, 2016
G7 Leaders Concerned By South China Sea Territorial Disputes
News

G7 Leaders Concerned By South China Sea Territorial Disputes

By Andy Sharp (Bloomberg) — Foreign Ministers from the Group of Seven leading economies expressed concern over territorial disputes in Asian waters where

April 11, 2016
Total Views: 65

Oil Climbs to Four-Month High
News

Oil Climbs to Four-Month High

By Mark Shenk (Bloomberg) — Oil rose to a four-month high in London ahead of a meeting in Doha this month where producers will discuss freezing output.

April 11, 2016
Total Views: 27

Friday, April 8, 2016
Nippon Yusen Shopping for Oil-Service Assets as Crude Prices Drop
News

Nippon Yusen Shopping for Oil-Service Assets as Crude Prices Drop

By Chris Cooper and Kiyotaka Matsuda (Bloomberg) — Nippon Yusen K.K., Japan’s largest shipping line, is looking to buy a company involved in deep-sea

April 8, 2016
Total Views: 47

Wednesday, April 6, 2016
keppel shipyard
News

Keppel, Sembcorp Rebounds May Be Short-Lived as Rig Orders Drop

By Jonathan Burgos and Kyunghee Park (Bloomberg) — The world’s two biggest builders of oil rigs saw their stocks rise the most in more than two years

April 6, 2016
Total Views: 22

An undated handout photo of the Gorgon LNG project located in Western Australia.
News

Production at Chevron’s Brand Spanking New Gorgon Mega-Project Could Be Shut for Months

By James Paton (Bloomberg) — Chevron Corp. temporarily halted output at its $54 billion Gorgon liquefied natural gas project in Australia due to

April 6, 2016
Total Views: 77

Tuesday, April 5, 2016
Why the Baltic Dry’s 62% Gain Is Bad News for Shipping
News

Why the Baltic Dry’s 62% Gain Is Bad News for Shipping

By David Fickling (Bloomberg) — Here’s reason to hope that spring has arrived for the global sea freight industry: The Baltic Dry Index, a measure

April 5, 2016
Total Views: 69

Friday, April 1, 2016
asia vision lng carrier
News

U.S. Taps India as Asia’s Debut Buyer of American Shale Gas

By Debjit Chakraborty, Anna Shiryaevskaya and Harry R. Weber (Bloomberg) — Gail India Ltd. bought the second shipment of liquefied natural gas from

April 1, 2016
Total Views: 54

Wednesday, March 30, 2016
cosco
News

China Shipping Profits Sink on Low Rates, Lingering Overcapacity

By Kyunghee Park and Clement Tan (Bloomberg) — China Cosco Holdings Co. posted a 22 percent slump in earnings last year, while China Shipping Container

March 30, 2016
Total Views: 66

Tuesday, March 29, 2016
COSCO Pacific Profit Beats Estimate
News

COSCO Pacific Profit Beats Estimate

By Kyunghee Park (Bloomberg) — Cosco Pacific Ltd., the container terminal operator of China’s biggest shipping company, reported a 30 percent increase

March 29, 2016
Total Views: 58

Saturday, March 26, 2016
north-korea-ship-MV Jin Teng_HDR
Defense

North Korean Ship Released From Arrest

By Ditas B Lopez (Bloomberg) The Philippines has released a North Korean-controlled cargo ship it seized on March 4 under UN sanctions after the vessel

March 26, 2016
Total Views: 59

Friday, March 25, 2016
CNOOC Beats Estimates as Spending Cuts Cushion Oil Crash
News

CNOOC Beats Estimates as Spending Cuts Cushion Oil Crash

By Aibing Guo (Bloomberg) — Cnooc Ltd., China’s biggest offshore oil and gas explorer, posted annual profit that exceeded analyst estimates as cost

March 25, 2016
Total Views: 30

Thursday, March 24, 2016
An undated handout photo of the Gorgon LNG project located in Western Australia.
Shipping News

Global War for Gas Market Share Claims $40 Billion LNG Casualty

By Naureen S. Malik and Stephen Stapczynski (Bloomberg) — The global LNG boom is turning into a war of attrition amid a glut in the seaborne natural gas

March 24, 2016
Total Views: 48

American Queen. Photo credit: Benroethig/Creative Commons
News

What Does the Rhine Have That the Mississippi Doesn’t? Passengers

By Justin Bachman (Bloomberg) — Take a European riverboat cruise and you get a 13th-century cathedral, vineyards lining the Douro, steaming mulled wine

March 24, 2016
Total Views: 51

Wednesday, March 23, 2016
Panama to Open $5.3B Canal Expansion June 26 or `Lose Face’
News

Panama to Open $5.3B Canal Expansion June 26 or `Lose Face’

By Michael McDonald and Naureen S. Malik (Bloomberg) — The expansion of the Panama Canal, a $5.3 billion project almost two years behind schedule and

March 23, 2016
Total Views: 90