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.


Sunday, June 2, 2013
Deepwater Horizon Well Site Leaders Seek Dismissal
Offshore

Deepwater Horizon Well Site Leaders Seek Dismissal

(Bloomberg) Two BP Plc (BP/) well-site leaders who were aboard the Deepwater Horizon drilling rig when an explosion killed 11 workers and triggered the

June 2, 2013
Total Views: 38

Friday, May 31, 2013
Iranian crude oil supertanker "Delvar" is seen anchored off Singapore. REUTERS/Tim Chong
News

Iran Storing 30 Million Barrels of Crude in 14 VLCC’s, Gibson Says

Iran is storing 30 million barrels of crude at sea as sanctions hinder exports and projects that would allow it to build onshore facilities to hold oil,

May 31, 2013
Total Views: 25

Congressional Watchdog Advises Slowing Spending on Littoral Combat Ship
Defense

Congressional Watchdog Advises Slowing Spending on Littoral Combat Ship

(Bloomberg) — Congress should consider slowing funding for the Navy’s Littoral Combat Ship because the Pentagon is buying vessels faster than it

May 31, 2013
Total Views: 25

Thursday, May 30, 2013
iron ore port hedland bhp billiton
News

Panamax Rates Slide for 26th Straight Day as Chinese Mills Put Pressure on Spot Market

(Bloomberg) — Rates to ship iron ore fell by the most in two weeks on speculation steel mills in China, the largest buyer, are using inventories instead

May 30, 2013
Total Views: 29

Wednesday, May 29, 2013
Maersk’s 8.4 Billion Bananas Key for Profitable Ships

Maersk’s 8.4 Billion Bananas Key for Profitable Ships

The secret to making money in container shipping can be found in 8.4 billion

May 29, 2013
Total Views: 407

bw suez boston
News

Maersk Tankers Exits Gas Carrier Market, Sells Fleet to BW Group

(Bloomberg) — BW Group Ltd., the biggest owner of the largest liquefied petroleum gas carriers, will expand its fleet with ships valued at as much as

May 29, 2013
Total Views: 394

Tuesday, May 28, 2013
wheatstone chevron australia

Australia’s Share of New LNG Contracts May Drop to 10%, Wood Mackenzie Says

(Bloomberg) — Australia’s global share of new contracts for liquefied natural gas may drop to about 10 percent a year by 2025 as U.S. exports rise,

May 28, 2013
Total Views: 39

golden ocean group
News

Golden Ocean to Curb Long-Term Charters in Anticipation of Dry Bulk Rally

(Bloomberg) — Golden Ocean Group Ltd., the owner of ships hauling coal and iron ore led by billionaire John Fredriksen, plans to curb long-term charters

May 28, 2013
Total Views: 23

Monday, May 27, 2013
saudi aramco
News

Saudi Aramco Hits Record Production Levels

(Bloomberg) — Saudi Arabian Oil Co. production rose to a record 9.51 million barrels a day of oil last year, the company said in its annual review.

May 27, 2013
Total Views: 53

seadrill logo
Finance

Seadrill Climbs as Investors Bet on Higher Dividend

(Bloomberg) — Seadrill Ltd., the offshore drilling company controlled by billionaire John Fredriksen, climbed in Oslo as investors bet payments to

May 27, 2013
Total Views: 33

wheatstone chevron australia

Australia Could Lose Billions in LNG Projects Unless Costs Fall

May 27 (Bloomberg) — Australia may lose A$100 billion ($96.5 billion) of potential liquefied natural gas projects to East Africa and North America unless

May 27, 2013
Total Views: 85

Friday, May 24, 2013
golden ocean group
Finance

Golden Ocean Group Sits in an Enviable Position Within Dry Bulk Sector

(Bloomberg) — Golden Ocean Group Ltd., the dry bulk shipping group controlled by billionaire John Fredriksen, rose in Oslo as a strong balance sheet and

May 24, 2013
Total Views: 112

Thursday, May 23, 2013
NOAA: Conditions Ripe for Active Atlantic Hurricane Season
News

NOAA: Conditions Ripe for Active Atlantic Hurricane Season

Warm Atlantic waters and favorable wind patterns may produce 13 to 20 named storms this year for the fourth above-average hurricane season in a

May 23, 2013
Total Views: 33

Rickmers Shanghai cargo ship
Finance

Rickmers Group to Raise $258 Million in Landmark Bond Sale

(Bloomberg) — Rickmers Group is breaking with tradition as it seeks to become the first German charter shipping company to raise money in the bond

May 23, 2013
Total Views: 216

edith maersk
News

Maersk CEO: “As Long as There’s Overcapacity, There Will be Price Wars”

(Bloomberg) — A.P. Moeller-Maersk A/S Chief Executive Officer Nils Smedegaard Andersen said he’ll be forced to prolong cost cuts at the

May 23, 2013
Total Views: 106

Wednesday, May 22, 2013
INTERTANKO: Tanker Owners Face Crew Retention and Ship Maintenance Issues
News

INTERTANKO: Tanker Owners Face Crew Retention and Ship Maintenance Issues

(Bloomberg) — Oil-tanker owners will struggle to retain crews and maintain ships after losing the most money in four decades, according to the

May 22, 2013
Total Views: 216

nils s. anderson
News

Maersk CEO: United States to Surpass China as Biggest Driver of Growth

May 22 (Bloomberg) — The U.S. will overtake Asia as the biggest driver of global growth this year while Europe’s turmoil is hurting trade flows,

May 22, 2013
Total Views: 55

Tuesday, May 21, 2013
US Navy Freedom Class LCS
Navy

House Panel Backs U.S. Navy Plan Calling for 4 More LCS’ Next Year

A House defense panel has agreed with the U.S. Navy’s request to buy four additional Littoral Combat Ships in the fiscal year starting Oct.

May 21, 2013
Total Views: 22

Carnival Declines Most in 16 Months on Lowered Forecast

Carnival Declines Most in 16 Months on Lowered Forecast

The lower forecast demonstrates the continuing fallout from several incidents at sea involving ships operated by Miami-based Carnival that attracted news

May 21, 2013
Total Views: 35

EU Tightens Offshore Oil Regulation
Offshore

EU Tightens Offshore Oil Regulation

The European Union tightened safety rules for offshore oil and natural-gas exploration to curb the risk of a major accident after BP Plc’s 2010 spill in

May 21, 2013
Total Views: 41