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.


Tuesday, September 24, 2013
hapag-lloyd
News

Hapag-Lloyd Taps Maersk Exec to Succeed Behrendt as CEO

Hapag-Lloyd AG, Germany’s biggest container shipping line, chose the head of A.P. Moeller-Maersk A/S’s freight-forwarding arm to succeed Chief

September 24, 2013
Total Views: 78

Carnival Forecasts 4Q Loss Amid Lower Bookings
News

Carnival Forecasts 4Q Loss Amid Lower Bookings

Carnival Corp., the world’s largest cruise-ship operator, forecast fourth-quarter results that trailed analysts’ estimates amid a decline in

September 24, 2013
Total Views: 23

Monday, September 23, 2013
finance money investing
Finance

Shipping Lenders Toughen Oversight After Worst Rout in 23 Years

Sept. 23 (Bloomberg) — Shipping lenders are tightening rules on who their clients can trade with after the industry’s worst rout in at least 23

September 23, 2013
Total Views: 44

Sunday, September 22, 2013
European LNG Market Needs U.S. for Spot Cargoes, Eneco Says
News

European LNG Market Needs U.S. for Spot Cargoes, Eneco Says

Sept. 23 (Bloomberg) — Liquefied natural gas traders in northwest Europe won’t buy many short-term cargoes of the fuel until U.S. export projects

September 22, 2013
Total Views: 43

Friday, September 20, 2013
nordea
Finance

Worst Shipping Crisis Ever Near End as Nordea Sees Loan Growth

Sept. 20 (Bloomberg) — Nordea Bank AB, Scandinavia’s biggest lender, said the shipping industry will next year begin to recover from its worst

September 20, 2013
Total Views: 103

Thursday, September 19, 2013
Judge Accepts Haliburton Guilty Plea for Destroying Macondo Well Test Evidence
News

Judge Accepts Haliburton Guilty Plea for Destroying Macondo Well Test Evidence

A federal judge accepted a Halliburton Co. unit’s guilty plea to destroying tests conducted on cement work connected to the BP Plc-owned well that

September 19, 2013
Total Views: 72

Wednesday, September 18, 2013
aker philadelphia shipyard
News

U.S. Shipbuilding Is Highest in Almost 20 Years on Shale Energy

Sept. 18 (Bloomberg) — U.S. shipyards are the busiest in almost two decades as surging domestic energy production increases cargoes for the merchant

September 18, 2013
Total Views: 43

vinashin
Engineering News

Vietnam Shipbuilding to Fire 14,000 Employees in Massive Overhaul

Sept. 18 (Bloomberg) — Vietnam Shipbuilding Industry Group, the state company whose near-bankruptcy contributed to credit downgrades and banking system

September 18, 2013
Total Views: 111

Tuesday, September 17, 2013
timber shipping ship logs wood forestry
News

Smallest Ships Profitable Again as China Imports More Timber

Sept. 17 (Bloomberg) — China is building the most property in at least a decade, expanding shipments of logs and adding to record commodity cargoes that

September 17, 2013
Total Views: 313

Monday, September 16, 2013
iron ore
News

Shipping Rates in China Surge to 16-Month High

The cost of hauling iron ore and coal along China’s coast rose to a 16-month high, adding to signs the nation’s demand is strengthening for the

September 16, 2013
Total Views: 31

Eivind kolding danske bank
Finance

Eivind Kolding Resigns as CEO of Danske Bank

Sept. 16 (Bloomberg) — Danske Bank A/S said Eivind Kolding will step down as chief executive officer today as the board replaces him with a candidate it

September 16, 2013
Total Views: 102

Friday, September 13, 2013
gulf of mexico map
Offshore

Wildcatter Hunch Unlocks $1.5 Trillion Oil Offshore U.S.

When geologist Robert Ryan started his career in the 1970s, 600 feet was considered “deep water,” shale was useless rock and oil didn’t

September 13, 2013
Total Views: 143

Wednesday, September 11, 2013
Dominion Wins U.S. Approval to Export LNG from Cove Point Terminal

Dominion Wins U.S. Approval to Export LNG from Cove Point Terminal

Dominion Resources Inc. won U.S. Energy Department approval to export liquefied natural gas from an existing import terminal in Maryland, the fourth such

September 11, 2013
Total Views: 105

Tuesday, September 10, 2013
Port of Miami Tripling Debt Ahead of Panama Canal Expansion
Uncategorized

Port of Miami Tripling Debt Ahead of Panama Canal Expansion

The port of Miami, the world’s largest cruise-ship hub, is selling a record $389 million of debt to boost its cargo business as the Panama Canal

September 10, 2013
Total Views: 49

Shipping Rates Seen at Three-Year High on Record Ore to China
Uncategorized

Shipping Rates Seen at Three-Year High on Record Ore to China

The cost of hauling iron ore is poised to rise to a three-year high after shipments to China expanded to a record, boosting returns for Nippon Yusen K.K. and

September 10, 2013
Total Views: 19

Chinese Naval Shipbuilder CSIC to Raise $1.4 Billion Through Share Sale
Shipbuilding

Chinese Naval Shipbuilder CSIC to Raise $1.4 Billion Through Share Sale

China Shipbuilding Industry Co., a supplier to the Chinese army, plans to raise as much as 8.48 billion yuan ($1.4 billion) from the sale of shares to acquire

September 10, 2013
Total Views: 41

Monday, September 9, 2013
Baltic Dry Index Sails to Biggest Gain in 4 Years

Baltic Dry Index Sails to Biggest Gain in 4 Years

By Isaac Arnsdorf Sept. 9 (Bloomberg) — The cost of shipping raw materials surged the most in more than four years as strengthening steel prices in China

September 9, 2013
Total Views: 20

K Line LNG tanker japan
Engineering News

Mitsui to Team With Rivals as 700 LNG Ships Needed by 2030

(Bloomberg) — Mitsui Engineering & Shipbuilding Co., the heavy machinery maker whose merger talks with Kawasaki Heavy Industries Ltd. fell apart

September 9, 2013
Total Views: 176

Thursday, September 5, 2013
Carnival to Spend $180 Million on Exhaust Scrubbers for Fleet
Interesting

Carnival to Spend $180 Million on Exhaust Scrubbers for Fleet

By Mark Drajem Sept. 5 (Bloomberg) — Carnival Corp., the world’s largest cruise operator, agreed to spend $180 million to cut sulfur emissions

September 5, 2013
Total Views: 52

steel manufacturing molten iron industrial
News

Steel Rallies as Demand from Chinese Builders Outpaces Supply

Sept. 5 (Bloomberg) — The fastest Chinese steel output on record is still too slow to meet demand from builders, reducing inventories and driving prices

September 5, 2013
Total Views: 27