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, February 15, 2013
STX Frontier LNG carrier hoegh lng
News

Hoegh: LNG Price Gap will Support Shipping Fleet Expansion in the Near Term

The price gap between liquefied natural gas in Asia and Europe will support demand for shipping even as new vessels are built before fuel output expands,

February 15, 2013
Total Views: 44

Thursday, February 14, 2013
transocean
News

Transocean Guilty Plea Accepted by Judge, Investors React Positively

Transocean Ltd. and federal prosecutors won approval of the oil driller’s agreement to plead guilty to violating the U.S. Clean Water Act for its role in

February 14, 2013
Total Views: 34

amphitrite post-panamax bulk carrier diana shipping
News

South American Grains Fuel Higher Day Rates for Panamax Ships, Capesizes Decline

Returns for Panamax ships, the main grain and coal carriers, reached the highest in almost two months as the reopening of some Asian offices after holidays and

February 14, 2013
Total Views: 84

LNG Supply Disruptions in Nigeria and Egypt Seen Curbing Shipping Rates
News

LNG Supply Disruptions in Nigeria and Egypt Seen Curbing Shipping Rates

Disruptions to the supply of liquefied natural gas in Nigeria and Egypt will curb shipping rates as more vessels compete for fewer cargoes of the fuel,

February 14, 2013
Total Views: 42

lpg carrier ayame
News

With Cheap LPG, U.S. is Set to Become Net Exporter for First Year Ever

The U.S. is poised to become a net exporter of liquefied petroleum gases for the first year ever as shale-based energy production jumps, prompting new orders

February 14, 2013
Total Views: 31

Wednesday, February 13, 2013
IRS Seeks $463 Million in Taxes From Overseas Shipholding Group
Finance

IRS Seeks $463 Million in Taxes From Overseas Shipholding Group

Overseas Shipholding Group Inc., the largest U.S. tanker operator, owes $463 million in U.S. taxes, the Internal Revenue Service said. The bankrupt

February 13, 2013
Total Views: 26

Tsuru coal carrier
News

Rates for Panamax Coal Carriers Boosted by Increased U.S. Exports

Returns for Panamax vessels that haul coal and other commodities strengthened, nearing a two- month high, on increasing exports of the mineral from the U.S.

February 13, 2013
Total Views: 45

crowley florida mr tanker jones act
News

Jones Act Tankers Earn Record Rates as U.S. Crude Production Ramps Up

Oil tankers that move crude between U.S. ports are reaping windfall profits as domestic production surges and American laws prohibit exports. Rates for Jones

February 13, 2013
Total Views: 73

Tuesday, February 12, 2013
Citigroup: Bulk-Shipping Recovery Starting in 2014

Citigroup: Bulk-Shipping Recovery Starting in 2014

By Michelle Wiese Bockmann (Bloomberg) — Earnings for ships that carry dry- bulk commodities are set to start recovering in 2014 as fleet growth slows to

February 12, 2013
Total Views: 36

LPG Tankers to Gain on U.S. Shale Boom, Says Clarkson

LPG Tankers to Gain on U.S. Shale Boom, Says Clarkson

By Isaac Arnsdorf (Bloomberg) — Tankers hauling liquefied petroleum gas will gain as shale oil and gas production boosts U.S. exports and fleet growth

February 12, 2013
Total Views: 17

Shell’s Damaged Kulluk Rig Heading to Asia for Repairs
Offshore

Shell’s Damaged Kulluk Rig Heading to Asia for Repairs

In fact, Shell is sending both Alaskan rigs to Asia for repairs By Brian Swint (Bloomberg) — Royal Dutch Shell Plc sent two of its drill rigs in Alaska

February 12, 2013
Total Views: 76

Monday, February 11, 2013
bulk carrier liberty maritime grain

Baltic Dry Index Slides a Second Day as China’s New Year Quiets Market

By Michelle Wiese Bockmann (Bloomberg) — The Baltic Dry Index, a measure of costs to transport minerals and grains by sea, fell for a second session as

February 11, 2013
Total Views: 37

Freeport LNG terminal
News

BP Signs 20-Year Export Contract with Freeport LNG

BP Plc, Europe’s second-biggest energy company, signed a deal to export U.S. gas from the Freeport terminal in Texas, joining Royal Dutch Shell Plc,

February 11, 2013
Total Views: 77

nordic american tankers
News

Nordic American Tankers May Double Its Fleet

(Bloomberg) — Nordic American Tankers Ltd., the third-largest owner of oil tankers hauling 1 million-barrel cargoes, said it may double its fleet within

February 11, 2013
Total Views: 55

prem putli mercator bulk carrier
Uncategorized

Polaris Shipping Pays $44.4 Million for 20-Year-Old Bulker

(Bloomberg) — A South Korean shipping company with 10 vessels hired out to Vale SA, the world’s largest iron-ore producer, bought an 11th vessel

February 11, 2013
Total Views: 174

grand aniva lng ship sakhalin energy
News

OAO Novatek May Need 16 Arctic LNG Carriers to Support Yamal Project

(Bloomberg) — OAO Novatek, Russia’s largest non- state gas producer, may require $5.6 billion worth of liquefied natural gas tankers to transport

February 11, 2013
Total Views: 64

Saturday, February 9, 2013
transocean deepwater horizon disaster bp
News

Transocean Urges U.S. District Judge to Accept Guilty Plea

(Bloomberg) — Transocean Ltd. and federal prosecutors urged a judge to accept the oil driller’s agreement to plead guilty to a criminal charge over

February 9, 2013
Total Views: 33

Friday, February 8, 2013
container, crane, truck, third party, ship, China, Shanghai
News

Chinese Imports Rise 28.8%, Outpaces Exports

(Bloomberg) — China’s exports rose 25 percent in January from a year earlier while imports increased 28.8 percent, resulting in a trade surplus of

February 8, 2013
Total Views: 22

Thursday, February 7, 2013
medium range tanker transpetrol
News

The Dark Ages for Product Tankers Looms on the Horizon [REPORT]

(Bloomberg) — Tankers that carry about half of the refined oil products transported by sea will lose money for the next five years as an oversupply of

February 7, 2013
Total Views: 264

GE Hydril LMRP connector
Offshore

Are Faulty Bolts Threatening Global Offshore Drilling?

(Bloomberg) — Deep-water oil exploration has been disrupted from the Gulf of Mexico to Brazil by the discovery of faulty bolts used in safety equipment

February 7, 2013
Total Views: 164