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 12, 2013
vlcc supertanker

Tanker Rates Gain for First Time in Three Weeks

Rob Sheridan (Bloomberg) — Charter costs for the biggest oil tankers hauling Middle East crude to Asia rose for the first time in three weeks amid

April 12, 2013
Total Views: 52

STX Leads Losses in South Korea
News

STX Leads Losses in South Korea

Kyunghee Park (Bloomberg) — STX Offshore & Shipbuilding Co., a South Korean yard that is undergoing debt rescheduling, led a decline among shipyards

April 12, 2013
Total Views: 49

Thursday, April 11, 2013
ConocoPhillips Halts Chukchi Plans as U.S. Reviews Arctic Drilling
Offshore

ConocoPhillips Halts Chukchi Plans as U.S. Reviews Arctic Drilling

By Edward Klump (Bloomberg) — ConocoPhillips, the largest U.S. independent oil and natural gas producer, put its plans to explore in Alaska’s

April 11, 2013
Total Views: 55

Wednesday, April 10, 2013
Above Average 2013 Hurricane Season Expected
Uncategorized

Above Average 2013 Hurricane Season Expected

By Brian K. Sullivan (Bloomberg) — An above-average number of storms will emerge from the Atlantic this hurricane season, and the odds of the U.S. being

April 10, 2013
Total Views: 36

Mozambique’s Gas Reserves Could Reach 250 Trillion Cubic Feet
News

Mozambique’s Gas Reserves Could Reach 250 Trillion Cubic Feet

April 10 (Bloomberg) — Tanzania sees natural-gas reserves more than doubling by early 2015 from the 40 trillion cubic feet discovered by companies

April 10, 2013
Total Views: 95

Tuesday, April 9, 2013
circassia frontline tankers crude oil tanker
News

Miserable VLCC Market Continues as Tankers Queue up in Persian Gulf

(Bloomberg) — A glut of oil tankers competing to haul 2 million-barrel cargoes of crude from ports in the Persian Gulf is set to stay at the highest

April 9, 2013
Total Views: 52

Cost of Somali Piracy Fell 13% in 2012, Report shows
Piracy

Cost of Somali Piracy Fell 13% in 2012, Report shows

By Isaac Arnsdorf (Bloomberg) — The cost of Somali piracy to the global economy fell 13 percent last year to about $6 billion as the increased presence

April 9, 2013
Total Views: 54

port hong kong container shipping containers
News

Hong Kong Port Workers to Hold Talks as Strike Enters 13th Day

(Bloomberg) — Striking dockworkers at Hongkong International Terminals Ltd., the port operator backed by billionaire Li Ka-shing, will hold talks with

April 9, 2013
Total Views: 47

Monday, April 8, 2013
vantage drilling, bp
News

Vantage Drilling Sues BP

(Bloomberg) — Vantage Drilling Co. sued a BP Plc unit over what it claims was a $265.5 million increase in financing costs stemming from the 2010 Gulf of

April 8, 2013
Total Views: 105

global marine trends 2030 lloyd's register
News

Lloyd’s Register Sees Seaborne Trade More Than Doubling by 2030

(Bloomberg) — Global seaborne trade will more than double by 2030 as China’s expanding economy drives demand for commodities from crude oil to iron

April 8, 2013
Total Views: 34

Nigerian Rebels Promise A “Plague Of Attacks” Offshore
Offshore

Nigerian Rebels Promise A “Plague Of Attacks” Offshore

Bloomberg – Troops in Nigeria are hunting for militants who said they killed at least 15 policemen in the Niger River delta, a military official said.

April 8, 2013
Total Views: 23

Sunday, April 7, 2013
Deepwater Horizon In Transit
Offshore

BP Spill Judge Rejects Request to Halt Some Payments

Bloomberg – On Friday the judge presiding over the BP Plc (BP/) spill trial aimed at determining liability for the biggest offshore oil spill in U.S.

April 7, 2013
Total Views: 21

Saturday, April 6, 2013
Japanese ship Damaged
Uncategorized

Fukushima Plant Leaked 120 Tons of Radioactive Water Into Pacific Ocean

How much radioactive waste has leaked into the pacific ocean? Tokyo Electric Power Co. (9501) said thousands of gallons of highly radioactive water has

April 6, 2013
Total Views: 53

Friday, April 5, 2013
Chile Port Strike Widens
Ports

Chile Port Strike Widens

Bloomberg – Chile’s port strike is expanding and costs are mounting, prompting the government to warn it threatens to trigger shortages of basic

April 5, 2013
Total Views: 41

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: 28

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: 34

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: 31

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: 28

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: 84

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: 128