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, July 21, 2014
China’s Diesel Exports Hit Four-Year High
News

China’s Diesel Exports Hit Four-Year High

China raised its net diesel exports to the highest level in four years as domestic demand trailed output growth amid a slowing

July 21, 2014
Total Views: 30

Friday, July 18, 2014
Ban on U.S. Oil Exports Seen Dying One Ruling at a Time

Ban on U.S. Oil Exports Seen Dying One Ruling at a Time

The four-decade-old ban on most crude exports from the U.S., now the world’s largest producer, will be weakened bit by bit as government rulings allow

July 18, 2014
Total Views: 31

Thursday, July 17, 2014
Chinese Ships Make First RIMPAC Naval Drill Appearance In Decades
Shipping News

Chinese Ships Make First RIMPAC Naval Drill Appearance In Decades

After 43 years of watching the world’s largest multinational naval exercises take place off Hawaii, China has the second-largest fleet at the U.S.-led drills

July 17, 2014
Total Views: 62

Ras Tanura Sea Island Terminal saudi aramco
News

Saudi Crude Exports in May Fell to Lowest Since 2011

Saudi Arabia, the world’s biggest oil exporter, shipped the least crude in almost three years in May as domestic refineries processed record amounts and

July 17, 2014
Total Views: 56

Wednesday, July 16, 2014
united states capitol night washington
News

U.S. Ban on Oil Exports Won’t Be Lifted This Year, Lawmaker Says

By Lynn Doan July 16 (Bloomberg) — A four-decade-old ban on crude exports from the U.S. will survive another year, the chairman of the U.S. House’s

July 16, 2014
Total Views: 21

Tuesday, July 15, 2014
tanker crude terminal
News

U.S. Condensate Producers Seen Jumping on Export Bandwagon

Enterprise Products Partners LP and Pioneer Natural Resources Co., two of the first fuel suppliers to win approval to send U.S. condensates abroad, may be

July 15, 2014
Total Views: 29

Thursday, July 10, 2014
loop Louisiana Offshore Oil Port
News

Shale Seen Shifting Flows at America’s Biggest Oil Port

With U.S. domestic production at a 28-year high, the Louisiana Offshore Oil Port's managers are thinking the previously unthinkable: sending North American oil

July 10, 2014
Total Views: 62

loop Louisiana Offshore Oil Port
News

Shale Seen Shifting Flows at America’s Biggest Oil Port

For more than 30 years, the Louisiana Offshore Oil Port LLC has been a symbol of U.S. dependence on foreign oil, pumping Nigerian and Saudi Arabian crude from

July 10, 2014
Total Views: 9

Wednesday, July 9, 2014
ABB to Build First Power Link From Newfoundland to U.S. Markets
Shipping News

ABB to Build First Power Link From Newfoundland to U.S. Markets

ABB Ltd., the world’s largest maker of transformers, won a $400 million contract to build the first electricity link between Newfoundland and the North

July 9, 2014
Total Views: 63

Labor Talks Push U.S. Ports Import Volume Towards 5-Year High
Ports

Labor Talks Push U.S. Ports Import Volume Towards 5-Year High

Imports into U.S. ports may hit a five-year high this month, as retailers rush in holiday goods to avoid potential disruptions as West Coast longshore workers

July 9, 2014
Total Views: 22

Tuesday, July 8, 2014
DSME Wins $2.8 Billion Order for Icebreaking LNG Carriers
News

DSME Wins $2.8 Billion Order for Icebreaking LNG Carriers

Daewoo Shipbuilding & Marine Engineering Co. won an order valued at as much as $2.8 billion for nine ice-class vessels that will haul gas from the Yamal LNG

July 8, 2014
Total Views: 56

Djibouti Scraps DP World Port Concession Citing Corruption
Ports

Djibouti Scraps DP World Port Concession Citing Corruption

Djibouti’s government said it rescinded DP World’s concession at the Doraleh Container Terminal after finding evidence of corruption and has begun

July 8, 2014
Total Views: 155

610x
Shipbuilding

U.S. Navy Warns It Can’t Meet Funding Needs in New 30-Year Shipbuilding Plan

The U.S. Navy can’t meet its funding needs for surface warships and a new class of nuclear attack submarines from 2025 to 2034, according to the service’s

July 8, 2014
Total Views: 35

maersk headquarters copenhagen
Finance

Maersk to Take $1.7 Billion Hit as Brazilian Oil Venture Comes Up Short

A.P. Moeller-Maersk A/S said its oil and gas business will take a $1.7 billion writedown on its oil assets in Brazil and no longer push for an expansion in the

July 8, 2014
Total Views: 36

Monday, July 7, 2014
Super Typhoon Neoguri Bears Down on Japan
Shipping News

Super Typhoon Neoguri Bears Down on Japan

High winds, crashing waves and a dangerous storm surge may strike Okinawa, including its capital Naha, as Super Typhoon Neoguri nears

July 7, 2014
Total Views: 34

Apache Said to Seek Buyer for Wheatstone LNG Project Stake
News

Apache Said to Seek Buyer for Wheatstone LNG Project Stake

Apache Corp., the energy company that has announced $9.8 billion of asset sales in the past year, is seeking a buyer for its interests in the Wheatstone

July 7, 2014
Total Views: 33

Friday, July 4, 2014
Hamburg Starts Building Third Cruise Terminal

Hamburg Starts Building Third Cruise Terminal

By Nicholas Brautlecht July 4 (Bloomberg) — Hamburg started construction of a third cruise-ship terminal at Germany’s biggest port to prepare for

July 4, 2014
Total Views: 54

stanford osprey
Finance

Abraaj’s Stanford Marine Said to Delay London IPO to Seek Buyer

Stanford Marine Group postponed a planned initial public offering in London as majority owner Abraaj Group courts potential buyers for the Dubai-based

July 4, 2014
Total Views: 91

Thursday, July 3, 2014
Acajutla Thermal Power Plant El Salvador
News

EDP to Sign LNG Import Deal as El Salvador Seeks to Cut Oil Use

By Isis Almeida July 3 (Bloomberg) — Energia del Pacifico SA, the winner of a tender to build a power plant in El Salvador, plans to sign this month

July 3, 2014
Total Views: 115

Ships of Chinese Coast Guard are seen near Chinese oil rig Haiyang Shi You 981 in the South China Sea
News

China Seeks Great Maritime Power Status After Centuries of Retreat

Almost a century before Christopher Columbus discovered America, Zheng in 1405 embarked on a series of voyages with ships of unrivaled size and technical

July 3, 2014
Total Views: 89