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.


Thursday, February 7, 2013
lng carrier port
News

LNG Shipping Rates Seen Stalling as Winter Fuel Demand Eases

(Bloomberg) — The rally in rates to ship liquefied natural gas may end as winter demand subsides and a shortage of cargoes curbs trading to profit from

February 7, 2013
Total Views: 42

iranian oil iran crude
News

Iran Stands to Lose Billions as India is Forced to Cut Crude Imports

(Bloomberg) — Iran, which dropped two places to become India’s fourth-largest crude supplier last year, may lose $2.5 billion of revenue as global

February 7, 2013
Total Views: 30

Wednesday, February 6, 2013
Ships Seen Using Illegal Armed Guards Against West Africa Piracy, Says P&I Club
Piracy

Ships Seen Using Illegal Armed Guards Against West Africa Piracy, Says P&I Club

By Michelle Wiese Bockmann (Bloomberg) — Some merchant ships are using illegal armed guards to deter pirates off West Africa, prompting at least one

February 6, 2013
Total Views: 51

fred olsen belford drillship
Finance

Fred Olsen Shares Fall as Rising Costs Cut Profit Outlook

(Bloomberg) — Fred Olsen Energy ASA, a Norwegian offshore drilling company, dropped to a three-week low in Oslo as higher-than-expected cost increases in

February 6, 2013
Total Views: 32

BW Utik vlcc supertanker tanker
News

McQuilling Estimates Day Rates for Supertankers to Rise 48 Percent [REPORT]

(Bloomberg) — Earnings for the biggest oil tankers on the benchmark route shipping Saudi Arabian crude to Japan will rise 48 percent this year to average

February 6, 2013
Total Views: 52

Tuesday, February 5, 2013
Overseas Shipholding Wins Bankruptcy Court Approval for $25 Million in Loans
Finance

Overseas Shipholding Wins Bankruptcy Court Approval for $25 Million in Loans

Overseas Shipholding Group Inc. (OSGIQ), the largest U.S. tanker operator, won approval to borrow $25 million to maintain ships and to make payments to two

February 5, 2013
Total Views: 31

spg 62 illiuminator fire control radar
Uncategorized

Chinese Patrol Boat “Lights Up” Japanese Warship With Fire-Control Radar

(Bloomberg) — A Chinese patrol boat targeted a Japanese naval vessel with a radar system designed to calculate a range to fire a weapon, Japanese Defense

February 5, 2013
Total Views: 170

teekay americas spirit
News

Suezmax Owners Teekay and Euronav Boosted With Iraqi Oil, Iranian VLCCs Idle

(Bloomberg) — Oil tankers designed to navigate Egypt’s Suez Canal are getting the most cargoes in at least three years as Iraq fills a void left

February 5, 2013
Total Views: 101

Monday, February 4, 2013
bulk carrier capesize
News

Freight Rates for Bulk Carriers May Triple as Fleet Expansion Slows

By Michelle Wiese Bockmann (Bloomberg) — Rates for ships carrying minerals and grains will climb almost threefold by 2015 as demand for the vessels

February 4, 2013
Total Views: 546

vlcc supertanker

VLCC Rates Have Second-Biggest 2013 Gain on Charters

By Rob Sheridan (Bloomberg) — Hire costs for the largest oil tankers had this year’s second-biggest increase on stronger bookings of ships to haul

February 4, 2013
Total Views: 125

qatargas duhail lng carrier
News

Once an Exporter, Egypt Will Soon be Importing Liquefied Natural Gas

Egypt will award a license to import liquefied natural gas within two weeks as the nation’s users prepare to buy in the fuel for the first time. Egyptian

February 4, 2013
Total Views: 29

misc berhad lng carrier
Finance

MISC Berhad Makes Biggest Jump in 14 Years on Takeover Offer

(Bloomberg) — MISC Bhd., the world’s second-largest liquefied natural gas shipper, surged the most in more than 14 years in Kuala Lumpur stock

February 4, 2013
Total Views: 165

Sunday, February 3, 2013
East Coast Dock Workers Agree to New Contract Eliminating Strike Concerns
Ports

East Coast Dock Workers Agree to New Contract Eliminating Strike Concerns

By Brooke Sutherland (Bloomberg) — The International Longshoremen’s Association agreed to a new labor contract, ending 11 months of negotiations

February 3, 2013
Total Views: 53

Friday, February 1, 2013
British Progress BP VLCC Very Large Crude Carrier
News

For VLCC Owners, “Another Week of Pain Beckons”

(Bloomberg) — Losses widened for the largest oil tankers hauling Middle East crude to Asia, the industry’s busiest trade route, as a surplus of

February 1, 2013
Total Views: 120

iron ore port hedland bhp billiton
News

Ore, Coal Arbitrages Seen Exceeding Chinese GDP for Ship Demand

(Bloomberg) — Price arbitrages that make it profitable for traders to ship coal and iron ore to China may become more important in determining ship

February 1, 2013
Total Views: 40

suez canal container ship shipping
News

Suez Canal Seen Kept Open by Egyptian Army as Ship Agent Suspends Service

(Bloomberg) — Egypt’s army is maintaining shipping services through the Suez Canal, which handles about 8 percent of world trade, amid unrest

February 1, 2013
Total Views: 96

gatun locks panama canal
News

Panama Canal Expansion Will Likely Be Central to US LNG Export Trade

(Bloomberg) — Six years after the Panama Canal began a $5.25 billion expansion to capture shipments of Asian-made goods to the U.S. East Coast, the flow

February 1, 2013
Total Views: 69

seadrill
Finance

Seadrill Shares Fall on Increased Deepwater Rig Downtime and Delays

(Bloomberg) — Seadrill Ltd., controlled by Norway’s John Fredriksen, dropped the most in two months in Oslo after downtime for its deepwater rigs

February 1, 2013
Total Views: 35

Thursday, January 31, 2013
bulk carrier heavy seas storm ocean waves

Rates Slump for Eighth Day as Australian Storms Cut Charters

By Michelle Wiese Bockmann (Bloomberg) — The Baltic Dry Index, a measure of commodity freight costs, slumped for an eighth day as storms curbed charters

January 31, 2013
Total Views: 112

Seri Angkasa misc berhad lng carrier
News

Petronas Makes $2.8 Billion Buyout Offer for MISC, World’s 2nd Largest LNG Shipper

(Bloomberg) — Petroliam Nasional Bhd., Malaysia’s state-owned energy company, offered to buy out shipping unit MISC Bhd. in a deal worth 8.7

January 31, 2013
Total Views: 176