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, May 8, 2014
Iranian crude oil supertanker "Delvar" is seen anchored off Singapore. REUTERS/Tim Chong
News

Iran Oil Minister Completely Ignores Crude Export Limit Set in Nuclear Deal

By Golnar Motevalli and Anthony DiPaola May 8 (Bloomberg) — Iran will export crude oil at the maximum level possible, regardless of restrictions imposed

May 8, 2014
Total Views: 35

tony hayward
News

Glencore Names Ex-BP CEO Tony Hayward Chairman as Oil Assets Grow

May 8 (Bloomberg) — Glencore Xstrata Plc appointed former BP Plc Chief Executive Officer Tony Hayward chairman as the mining company run by billionaire

May 8, 2014
Total Views: 72

Wednesday, May 7, 2014
Ships waiting to be loaded with iron ore are seen at Port Hedland in the Pilbara region of Western Australia
News

World Iron Ore Glut Outweighs Slowest China Growth Since ’90

May 8 (Bloomberg) — There’s so much cheap iron ore flooding into China that rates for the ships that carry it are forecast to jump almost 70 percent by

May 7, 2014
Total Views: 30

Tuesday, May 6, 2014
handing money lending loan finance
Finance

StanChart Plans to Increase Lending to Maritime and Offshore Sector

May 6 (Bloomberg) — Standard Chartered Plc, the British bank that earns most of its profit from Asia, expects to increase its $5.5 billion of loans to

May 6, 2014
Total Views: 49

Monday, May 5, 2014
gold bars odyssey marine
News

Shipwreck Hunter Recovers Gold From Deepwater Atlantic Site

May 5 (Bloomberg) — Odyssey Marine Exploration Inc., a marine salvager specializing in extracting cargoes from sunken ships, recovered its first gold

May 5, 2014
Total Views: 109

Vietnam Protests Against China’s “Mobile Sovereign Territory” aka Deepwater Drilling Rig
News

Vietnam Protests Against China’s “Mobile Sovereign Territory” aka Deepwater Drilling Rig

May 5 (Bloomberg) — Vietnam denounced China for setting up an exploration rig in waters off its central coast disputed by the two nations, raising the

May 5, 2014
Total Views: 135

Friday, May 2, 2014
Mexico’s Oil Reforms Are a Scandal in the Making
News

Mexico’s Oil Reforms Are a Scandal in the Making

On its face, Mexico’s plan may seem conservative. But it will be easy for the nation's notoriously corrupt politicians to exploit. Here’s a better idea:

May 2, 2014
Total Views: 24

ultramar jean-gaulin refinery quebec
News

Valero to Suncor Shun Overseas Imports at Eastern Canada Plants

By Christine Harvey May 2 (Bloomberg) — Suncor Energy Inc. and Valero Energy Corp. are poised to use only North American crude in eastern Canada by 2015,

May 2, 2014
Total Views: 86

Thursday, May 1, 2014
oaktree capital
Finance

Oaktree Beats First-Quarter Estimates on Sales of Holdings

May 1 (Bloomberg) — Oaktree Capital Group LLC, the world’s largest distressed-debt investor, posted first-quarter profit that beat analyst estimates

May 1, 2014
Total Views: 34

wall street finance new york stock exchange
News

Life Imitates Art as Wall Street Bets on Shipping Debt

The fictional Robert Fairchild is one of the hottest names on Wall

May 1, 2014
Total Views: 78

Wednesday, April 30, 2014
crane iron ore dry bulk port
News

Vale Shares Near Five-Year Low on Concerns Over China

By Juan Pablo Spinetto April 30 (Bloomberg) — Vale SA, the largest iron-ore producer, posted a steeper decline in first-quarter profit than analysts

April 30, 2014
Total Views: 28

cameron lng ship facility
News

Sempra LNG Export Plan Clears U.S. FERC Environmental Review

By Brian Wingfield April 30 (Bloomberg) — Sempra Energy’s plan to export liquefied natural gas won’t cause major environmental damage, a U.S.

April 30, 2014
Total Views: 40

Tuesday, April 29, 2014
South Korea President Apologizes Over Ferry Disaster
Shipping News

South Korea President Apologizes Over Ferry Disaster

South Korean President Park Geun Hye apologized over a ferry sinking that left more than three hundred people dead or missing, the nation’s worst maritime

April 29, 2014
Total Views: 47

Monday, April 28, 2014
Cheniere Energy’s CEO is the Big Winner of the LNG Game
News

Cheniere Energy’s CEO is the Big Winner of the LNG Game

April 28 (Bloomberg) — Cheniere Energy Inc., the U.S. natural gas export company that’s never posted an annual profit, more than doubled the

April 28, 2014
Total Views: 36

lng storage tanks yangshen port china
News

Cuba to Move Ahead with LNG Regasification Project

By Pietro D. Pitts April 28 (Bloomberg) — Cuba continues moving forward with development of a $1.4 billion natural gas regasification project and a $1.2

April 28, 2014
Total Views: 95

Sewol Ferry Captain Could Be Facing Life in Prison
News

Sewol Ferry Captain Could Be Facing Life in Prison

Prosecutors investigating South Korea’s worst maritime disaster in four decades said the captain of the ‘Sewol’ ferry and two crew members are facing a

April 28, 2014
Total Views: 68

capesize bulk carrier iron ore terminal
News

Iron Ore Futures Drop in China Amid Reports of Financing Curbs

April 28 (Bloomberg) — Iron ore futures in China, the biggest buyer of the steel-making commodity, fell the most in more than a month after a report that

April 28, 2014
Total Views: 31

Saturday, April 26, 2014
sewol crew arrest
News

All 15 Navigation Watchstanders from South Korean Ferry Face Prosecution

By Kyungji Cho April 27 (Bloomberg) — All 15 crew members involved in navigating a South Korean ferry that sank are in custody, the Associated Press

April 26, 2014
Total Views: 148

Friday, April 25, 2014
Luanda Container Terminal Angola
News

Angola Upgrades Port as It Aims to Be Africa’s Busiest Hub

By Colin McClelland and Manuel Soque April 25 (Bloomberg) — Angola’s main port installed new cranes and provided more training to reduce its cargo

April 25, 2014
Total Views: 195

Japan Prime Minister Revives Dying Shipyards with Economic Stimulus
News

Japan Prime Minister Revives Dying Shipyards with Economic Stimulus

For a sign of success for Prime Minister Shinzo Abe’s economic stimulus policies look no further than Japan’s once-stricken shipbuilding

April 25, 2014
Total Views: 41