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.


Wednesday, August 28, 2013
Front Brabant Suezmax
News

Frontline Urges Scrapping of Tankers Aged Over 15 Amid Ship Glut

Aug. 28 (Bloomberg) — Frontline Ltd., the oil-tanker company led by billionaire John Fredriksen, urged shipowners to scrap crude carriers that are more

August 28, 2013
Total Views: 94

Tuesday, August 27, 2013
Port of Beirut Weathers Syrian War Next Door
News

Port of Beirut Weathers Syrian War Next Door

While Lebanon’s growth has suffered during the 2 1/2 year conflict next door in Syria, Port of Beirut traffic has risen as traders avoid risky overland

August 27, 2013
Total Views: 96

Monday, August 26, 2013
panamax bulk carrier ds norden
News

Panamax Rates Rising as Crop Cargoes Near Record

Aug. 27 (Bloomberg) — Near-record agricultural exports are diminishing the capacity glut in grain carriers, boosting rates for Safe Bulkers Inc. and

August 26, 2013
Total Views: 306

North Sea Rig Operators to Meet as CHC Suspends Super Puma Flights Following Fatal Crash
Offshore

North Sea Rig Operators to Meet as CHC Suspends Super Puma Flights Following Fatal Crash

Oil & Gas UK, which represents North Sea oil-and-gas operators, will meet today to discuss the implications of the temporary suspension of Super Puma

August 26, 2013
Total Views: 89

songa offshore shipyard dsme
News

Songa Offshore Slumps as DSME Falls Behind on Newbuild Rig Deliveries

Aug. 26 (Bloomberg) — Songa Offshore SE, a Cyprus-based offshore drilling contractor, slumped the most in six months in Oslo trading as delays in rig

August 26, 2013
Total Views: 34

lofoten Reinebringen Moskenesoya landscape norway islands
News

Norway Election Could Break Deadlock on Lofoten Oil Drilling

Aug. 26 (Bloomberg) — Norway’s election outcome next month is poised to end a deadlock over oil drilling off the shores of its protected Lofoten

August 26, 2013
Total Views: 53

Sunday, August 25, 2013
mozambique lng
News

ONGC to Buy $2.64 Billion Stake in Mozambique LNG

Aug. 26 (Bloomberg) — ONGC Videsh Ltd., a unit of India’s biggest energy explorer Oil & Natural Gas Corp., agreed to pay $2.64 billion to buy a

August 25, 2013
Total Views: 70

Thursday, August 22, 2013
cnooc logo
Finance

CNOOC Said to Seek $3 Billion in Loans

Aug. 22 (Bloomberg) — China National Offshore Oil Corp., parent of the nation’s biggest offshore energy explorer Cnooc Ltd., is seeking to raise $3

August 22, 2013
Total Views: 51

Wednesday, August 21, 2013
mining machine digger digging
News

Glencore’s Glasenberg Lauds Rival CEOs for New Mining Mantra

Aug. 21 (Bloomberg) — Glencore Xstrata Plc Chief Executive Officer Ivan Glasenberg said mining-industry peers are responding to his call to restrain

August 21, 2013
Total Views: 70

Tuesday, August 20, 2013
Iranian crude oil supertanker "Delvar" is seen anchored off Singapore. REUTERS/Tim Chong
News

Tankers Said by U.S. to Carry Iran Oil Reportedly Sold for Scrap

Three of eight tankers bought by Dimitris Cambis that the U.S. Treasury said helped Iran evade sanctions were sold for demolition, according to data from IHS

August 20, 2013
Total Views: 60

kkr
Finance

KKR Enters Maritime Finance

KKR & Co., the private-equity firm led by Henry Kravis and George Roberts, created a unit to lend to the maritime industry, including assets such as drilling

August 20, 2013
Total Views: 126

shell prelude flng
News

Woodside to Recommend Shell FLNG Solution at Browse

Aug. 20 (Bloomberg) — Woodside Petroleum Ltd., Australia’s second-biggest oil producer, will recommend using Royal Dutch Shell Plc’s floating

August 20, 2013
Total Views: 52

Monday, August 19, 2013
wilbur ross
Engineering News

Ross Sees Cargo Rebound on China Shipbuilding Limits

Aug. 20 (Bloomberg) — Wilbur Ross, the billionaire investor in struggling industries, says Chinese limits on shipbuilding will help the cargo market

August 19, 2013
Total Views: 16

china shipping container lines cscl
Uncategorized

China Shipping Development Posts Wider Loss on Freight Rates

Aug. 19 (Bloomberg) — China Shipping Development Co., the commodities-carrying unit of China’s No. 2 shipping company, posted a wider first-half

August 19, 2013
Total Views: 22

Sunday, August 18, 2013
Pier 400 Los Angeles apm terminals container shipping maersk line
News

Maersk CEO: U.S. to be Key Driver of Growth, Emerging Market Warnings Misplaced

Aug. 19 (Bloomberg) — A.P. Moller-Maersk A/S, owner of the world’s biggest shipping line, said concern that emerging markets are losing their

August 18, 2013
Total Views: 87

Friday, August 16, 2013
maersk
News

Maersk Climbs to 18-Month High on Elevated Shipping Forecast

Aug. 16 (Bloomberg) — A.P. Moeller-Maersk A/S climbed to an 18-month high after the company raised the earnings forecast for its container line, which

August 16, 2013
Total Views: 77

Thursday, August 15, 2013
seven viking subsea ulstein
News

Subsea 7 Shares Rise over 10 Percent on Record Backlog

Aug. 15 (Bloomberg) — Subsea 7 SA, an offshore oil services provider, rose to the highest level in more than seven weeks in Oslo as improving margins are

August 15, 2013
Total Views: 76

torm tankers
News

Torm Sees Tanker Demand Benefiting From Indian Refining Growth

Aug. 15 (Bloomberg) — Demand for tankers to haul fuels including gasoline will benefit for several years as refinery expansions in India and the Persian

August 15, 2013
Total Views: 41

Wednesday, August 14, 2013
qatargas duhail lng carrier
News

Nakilat Rises as Foreign Investors Hurriedly Grab More Shares

Aug. 14 (Bloomberg) — Qatar Gas Transport Co., an operator of vessels to transport liquefied natural gas, jumped the most in more than two months as

August 14, 2013
Total Views: 57

Royal Navy Leads Massive Drug Seizure Near Puerto Rico
Navy

Royal Navy Leads Massive Drug Seizure Near Puerto Rico

The U.K. Royal Navy recorded its biggest seizure of illegal drugs in four years in an operation near Puerto

August 14, 2013
Total Views: 70