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, March 20, 2013
BG Group
News

BG Group Signs Long Term LNG Contract with India

(Bloomberg) — BG Group Plc, the U.K.’s third- largest natural gas-producer, agreed to a long-term sale of liquefied natural gas to India. BG will

March 20, 2013
Total Views: 49

Tuesday, March 19, 2013
Transocean CEO: Deepwater Horizon Crew “Should Have Done More”
Offshore

Transocean CEO: Deepwater Horizon Crew “Should Have Done More”

By Allen Johnson Jr. and Margaret Cronin Fisk (Bloomberg) — Transocean Ltd. crew on the Deepwater Horizon “should have done more” to prevent

March 19, 2013
Total Views: 224

Fredriksen’s Frontline 2012 Almost Doubles Ship Orders Amid Glut

Fredriksen’s Frontline 2012 Almost Doubles Ship Orders Amid Glut

By Rob Sheridan (Bloomberg) — Frontline 2012 Ltd., the shipping company led by billionaire John Fredriksen, almost doubled the number of vessels

March 19, 2013
Total Views: 39

Monday, March 18, 2013
Panamax Rates Climb to 8-Month High
News

Panamax Rates Climb to 8-Month High

By Rob Sheridan (Bloomberg) — Rates for Panamax ships climbed to the highest level in almost eight months on increased demand to move grains and

March 18, 2013
Total Views: 22

lng carrier ship liquefied natural gas lngc shipping

Japan Seeks Free Trade Agreement and Easier Access to American LNG

(Bloomberg) — Japan’s bid to join negotiations for the Trans-Pacific Partnership trade agreement may make it easier for the nation to import U.S.

March 18, 2013
Total Views: 52

Saturday, March 16, 2013
hercules offshore
News

Hercules Offshore Wins Court Ruling in Executive Pay Lawsuit

(Bloomberg) — Hercules Offshore Inc., a drilling- rig supplier, won the dismissal of a lawsuit challenging its executive pay decisions that a judge said

March 16, 2013
Total Views: 183

Friday, March 15, 2013
Safe scandinavia prosafe accommodation rig
News

Prosafe Drops Over 4 Percent as Share Sale Outweighs Vessel Demand

(Bloomberg) — Prosafe SE fell the most in almost seven months in Oslo as a share sale equivalent to 5.7 percent of the company outweighed the effect of

March 15, 2013
Total Views: 47

maersk container
News

Maersk Line Shares are Lifted as Container Shippers Dare to Sneak Rates Higher

(Bloomberg) — A.P. Moeller-Maersk A/S, owner of the world’s largest container line, rose the most in 10 days in Copenhagen trading after freight

March 15, 2013
Total Views: 79

Thursday, March 14, 2013
Enrica Lexie Dispute Deepens as Ambassador Told to Stay in India
News

Enrica Lexie Dispute Deepens as Ambassador Told to Stay in India

By Bibhudatta Pradhan (Bloomberg) — India’s top court told the Italian ambassador to New Delhi not to leave the country without its permission as

March 14, 2013
Total Views: 28

Wednesday, March 13, 2013
ExxonMobil
News

ExxonMobil Predicts North America Will be Exporting Significant Energy Resources by 2040

(Bloomberg) — Exxon Mobil Corp., the largest U.S. oil company, said North America may be able to export 15 percent of its natural gas output and 5

March 13, 2013
Total Views: 36

Private Equity Billionaire Said to Seek $500 Million for Transportation Fund
Uncategorized

Private Equity Billionaire Said to Seek $500 Million for Transportation Fund

By Sabrina Willmer and Devin Banerjee March 13 (Bloomberg) — Wilbur Ross Jr. is seeking $500 million for a new private-equity fund that will buy

March 13, 2013
Total Views: 191

kfels b class jack-up rig keppel
Shipbuilding

DSME Challenging Singapore Yards for Slice of Jackup Pie

By Kyunghee Park (Bloomberg) — Daewoo Shipbuilding & Marine Engineering Co., the world’s second-largest shipbuilder, is bidding to build jackup

March 13, 2013
Total Views: 70

cosco
Finance

China Cosco is Scraping for Cash, Considers Selling Billions in Assets to Parent Company

(Bloomberg) — China Cosco Holdings Co., the nation’s biggest shipping company, may raise as much as 27 billion yuan ($4.3 billion) selling assets

March 13, 2013
Total Views: 24

Tuesday, March 12, 2013
Japanese research vessel Chikyu conducts historic deep sea rare earth mining test
Offshore

Japan Confirms World’s First Gas Produced from Methane Hydrate Deposits

By Rakteem Katakey and Tsuyoshi Inajima (Bloomberg) — Japan and India, Asia’s biggest energy consumers after China, are closer to unlocking natural

March 12, 2013
Total Views: 146

front duke vlcc supertanker frontline

Persian Gulf Tanker Glut Shrinks as U.S. Seeks More Crude

By Rob Sheridan March 12 (Bloomberg) — The glut of supertankers competing for 2 million-barrel cargoes of Persian Gulf oil declined amid speculation

March 12, 2013
Total Views: 61

grain carrier bulk liberty maritime
News

Dry Bulk Shippers Forced to Turn Away Cargoes Amidst Worst Market Since ’85

(Bloomberg) — The worst start to a year for freight rates is leading one of the creators of shipping derivatives to bet on a recovery as owners of

March 12, 2013
Total Views: 32

Kvaerner Wins $1.5 Billion EPC Contract for ExxonMobil’s Hebron Project
News

Kvaerner Wins $1.5 Billion EPC Contract for ExxonMobil’s Hebron Project

(Bloomberg) — Kvaerner ASA, a Norwegian builder of oil platforms, climbed the most in more than four months in Oslo trading after winning a $1.5 billion

March 12, 2013
Total Views: 155

Monday, March 11, 2013
maersk line panama canal container shipping
Interesting

Maersk Line Ships Will No Longer Transit Panama Canal

(Bloomberg) — Maersk Line, the world’s biggest container shipping company, will stop plying through the Panama Canal to move goods from Asia to the

March 11, 2013
Total Views: 764

LNG Carrier SOYO
News

LNG Carrier Plans Rendezvous Off Angola, Positive Signal LNG Exports Could Begin Soon

(Bloomberg) — A liquefied natural gas carrier signaled that it’s sailing to Angola, prompting speculation shipments of the fuel from a project in

March 11, 2013
Total Views: 92

Saturday, March 9, 2013
sea hawk singapore ferry
News

Vessel Sinks After Colliding with High Speed Ferry Off Singapore, 1 Crew Unaccounted For

(Bloomberg) — An Indonesian-registered vessel sank in Singapore waters after colliding with a ferry this morning, triggering a search and rescue

March 9, 2013
Total Views: 70