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.


Friday, April 5, 2013
misc berhad lng carrier
Finance

Petronas Raises Offer for LNG Shipper MISC Berhad

(Bloomberg) — Petroliam Nasional Bhd., Malaysia’s state oil and gas company, raised its buyout offer for shipping group MISC Bhd. by 3.8 percent to

April 5, 2013
Total Views: 26

Wednesday, April 3, 2013
steel manufacturing molten iron industrial
News

Baltic Dry Index Falls As Chinese Steel Fundamentals Show Weakness

(Bloomberg) — The Baltic Dry Index, a gauge of costs to transport grains and minerals by sea, fell the most since Dec. 19 amid slowing charters of

April 3, 2013
Total Views: 33

medium range tanker transpetrol
News

Gasoline Cargoes to U.S. Seen Increasing in Shipbroker Survey

(Bloomberg) — The number of gasoline cargoes booked on tankers for shipment to the U.S. will expand in the next two weeks, according to a Bloomberg

April 3, 2013
Total Views: 30

Tuesday, April 2, 2013
jack d ripper dr. strangelove
News

Canada Likely to Beat U.S. in the LNG Export Race

(Bloomberg) — Canada is pulling ahead of the U.S. in the contest to be the first exporter of liquefied natural gas from the North American shale bonanza

April 2, 2013
Total Views: 24

frontline tankers
News

Caught Up in Horrific Market Conditions, Fredriksen’s Frontline Tankers Says No

(Bloomberg) — Frontline Ltd., the oil-tanker operator led by shipping billionaire John Fredriksen, said it’s rejecting some cargoes after a rout in

April 2, 2013
Total Views: 83

Stealthgas lpg carrier
News

StealthGas Redeploys Fleet of LPG Ships to U.S. as Huge New Market Develops

(Bloomberg) — Record U.S. exports of liquefied petroleum gas are spurring StealthGas Inc. to redeploy tankers as far as 13,500 miles to take advantage of

April 2, 2013
Total Views: 127

Monday, April 1, 2013
flng shell prelude
News

ExxonMobil to Install Giant Floating LNG Facility Off Australia

(Bloomberg) — Exxon Mobil Corp., the largest U.S. oil company, plans to develop a floating liquefied natural gas project to develop the Scarborough field

April 1, 2013
Total Views: 93

Friday, March 29, 2013
Japan to Launch World’s First LNG Futures Market in 2015

Japan to Launch World’s First LNG Futures Market in 2015

By Yuji Okada and Chou Hui Hong March 29 (Bloomberg) — Japan, the biggest buyer of liquefied natural gas, plans to list the world’s first futures

March 29, 2013
Total Views: 54

japan marine united
News

Even a Weakening Yen Won’t Save Japan’s Shipyards Says JMU

(Bloomberg) — Japanese shipbuilders may post losses next fiscal year as the yen’s weakening fails to mitigate the impact of a global supply glut

March 29, 2013
Total Views: 162

Thursday, March 28, 2013
wilbur ross
Finance

WL Ross Considers Additional $1 Billion Investment Into Shipping

March 28 (Bloomberg) — Billionaire investor Wilbur Ross Jr. said he’s prepared to invest $1 billion more in the shipping industry, increasing his

March 28, 2013
Total Views: 24

U.S. Navy’s LCS’ Lack Muscle, Admiral Warns
Interesting

U.S. Navy’s LCS’ Lack Muscle, Admiral Warns

By David Lerman (Bloomberg) — The U.S. Navy’s troubled Littoral Combat Ship, a vessel intended to be small and speedy for use in shallow waters

March 28, 2013
Total Views: 94

medium range tanker transpetrol
News

Increased Spot Charters from US Gulf Coast Expected as Plants Complete Maintenance Cycle

(Bloomberg) — Exports of diesel fuel from the U.S. Gulf Coast are poised to climb as refineries returning from maintenance boost production, widening the

March 28, 2013
Total Views: 39

Singapore LNG Gets Very Cold, Very Quickly as First Cargo Arrives
News

Singapore LNG Gets Very Cold, Very Quickly as First Cargo Arrives

(Bloomberg) — Singapore LNG Corp., the island state’s importer of liquefied natural gas, received its first cargo and will use the spot shipment

March 28, 2013
Total Views: 49

Wednesday, March 27, 2013
Iranian crude oil supertanker "Delvar" is seen anchored off Singapore. REUTERS/Tim Chong

China VLCC Seen at Iran Port for First Time Since EU Ban

By Isaac Arnsdorf and Jasmine Wang March 27 (Bloomberg) — A Chinese supertanker able to haul 2 million barrels of crude sent a signal from Iran’s

March 27, 2013
Total Views: 32

Transocean Exec Refutes Claims Deepwater Horizon Was Improperly Maintained
News

Transocean Exec Refutes Claims Deepwater Horizon Was Improperly Maintained

March 26 (Bloomberg) — Transocean Ltd. properly maintained its Deepwater Horizon rig before the April 2010 blowout of a BP Plc well that set off the

March 27, 2013
Total Views: 157

bhp billiton port hedland western australia bulk carrier
News

Dry Bulk Market Could be on Cusp of Sustained Recovery Says Jefferies

(Bloomberg) — Stronger demand for iron ore and coal shipped by sea, led by record monthly steel production in China amid slowing fleet growth, is poised

March 27, 2013
Total Views: 20

Tuesday, March 26, 2013
bulk carrier grain dry cargo ship
News

After Longest Rally in a Decade, Rates for Panamax Bulk Carriers Fall

March 26 (Bloomberg) — Rates for Panamax ships carrying grains ended their longest rally in a decade amid speculation demand temporarily declined before

March 26, 2013
Total Views: 35

jsw india
News

Billionaire to Develop India’s First LNG Import Terminal as Gas Shortage Worsens

(Bloomberg) — India’s JSW Group, controlled by the billionaire Jindal family, plans to spend 40 billion rupees ($736 million) to build its first

March 26, 2013
Total Views: 79

Monday, March 25, 2013
john fredriksen
Engineering News

Fredriksen Places $2.6 Billion Bet on the Future of Shipping

(Bloomberg) — John Fredriksen, the richest shipping investor, is spending $2.6 billion on the biggest fleet of fuel-efficient ships in history, betting

March 25, 2013
Total Views: 98

UK Energy Firm Signs 20-Year Deal to Import U.S. LNG
News

UK Energy Firm Signs 20-Year Deal to Import U.S. LNG

(Bloomberg) — Centrica Plc, the U.K.’s largest household energy supplier, signed a 20-year deal to import natural gas from the U.S., securing

March 25, 2013
Total Views: 63