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.


Monday, January 28, 2013
Francois Gabart macie vendee globe
Multimedia

Francois Gabart Wins the Vendee Globe, Breaks Solo Round-the-World Record

Jan. 27 (Bloomberg) — French yachtsman Francois Gabart won the Vendee Globe solo round-the-world sailing race after 78 days at sea, setting a world

January 28, 2013
Total Views: 123

Saturday, January 26, 2013
transocean offshore
Finance

Transocean Shares Jump Almost 3 Percent After Icahn Suggests $4 Dividend

Jan. 25 (Bloomberg) — Billionaire investor Carl Icahn called on Transocean Ltd. to issue a $4-a-share dividend and said he will propose the dividend at

January 26, 2013
Total Views: 52

Friday, January 25, 2013
Costa Concordia Hull Damage

Costa Concordia Probe Expands to Costa Crociere

By Marco Bertacche (Bloomberg) — Carnival Corp.’s Costa Crociere unit is under probe for “possible violations” of the Italian

January 25, 2013
Total Views: 392

Storms Halt Steelmaking-Coal Shipments From Biggest Exporter
Ports

Storms Halt Steelmaking-Coal Shipments From Biggest Exporter

(Bloomberg) — Storms interrupted exports of coal used in steelmaking from ports on the northeast coast of Australia, which accounts for 53 percent of

January 25, 2013
Total Views: 70

Bulker Fleet Seen Expanding at Double the Pace of Demand

Bulker Fleet Seen Expanding at Double the Pace of Demand

By Michelle Wiese Bockmann (Bloomberg) — The fleet of ships carrying minerals and grains will expand at double the pace of trade growth for a second year

January 25, 2013
Total Views: 65

cosco
Finance

China COSCO Expects Huge Annual Loss, Trading Restricted on Shanghai Exchange

Jan. 25 (Bloomberg) — China Cosco Holdings Co., the nation’s biggest shipping company, is facing trading restrictions on its shares after saying it

January 25, 2013
Total Views: 35

Thursday, January 24, 2013
Fredriksen: Tankers Will be the First to Recover [UPDATED]

Fredriksen: Tankers Will be the First to Recover [UPDATED]

By Mikael Holter and Isaac Arnsdorf Jan. 25 (Bloomberg) — The market for oil and fuel tankers will be the first to recover from a glut in the shipping

January 24, 2013
Total Views: 34

kfels b class jack-up rig keppel
News

Keppel Chief: Opportunities Ripe for Acquisitions

By Kyunghee Park Keppel Corp., the world’s largest oil-rig maker, said there are opportunities to buy companies even as the entry of Chinese shipyards

January 24, 2013
Total Views: 39

Wednesday, January 23, 2013
VLCC Ovatella shell supertanker
News

Daily Earnings for VLCCs Plunge 76 Percent, Biggest Drop Since September

Jan. 23 (Bloomberg) — Earnings for the largest oil tankers plying the industry’s busiest trade route plunged 76 percent, nearing a reversion to

January 23, 2013
Total Views: 58

Capesize Rates Decline as Cyclone Closes Australian Ports
Ports

Capesize Rates Decline as Cyclone Closes Australian Ports

By Rob Sheridan Charter rates for Capesize ships, the biggest iron-ore carriers, fell for a second day as a storm forced ports to close in Australia,

January 23, 2013
Total Views: 36

csav logo
Finance

CSAV Emerges from the Darkness as Highest Returning Container Shipper

Jan. 23 (Bloomberg) — Chile’s richest family has turned the world’s worst-performing container shipper into a champion by shedding rented

January 23, 2013
Total Views: 159

vale brasil vloc bulk carrier valemax
News

Nippon Steel Considering Further Valemax Iron Ore Shipments

Jan. 23 (Bloomberg) — Nippon Steel & Sumitomo Metal Corp., Japan’s top steelmaker, will consider using more Valemax carriers to receive ore

January 23, 2013
Total Views: 108

Tuesday, January 22, 2013
noble group singapore
News

Noble Group to Add Former BP Oil Analyst Giovanni Serio to Roster

Jan. 23 (Bloomberg) — BP Plc’s head oil analyst for Asia, Giovanni Serio, plans to join Noble Group Ltd. in Singapore, four people with knowledge

January 22, 2013
Total Views: 325

tanker vlcc supertanker ship shipping
News

Biggest Glut of Supertankers Since September, Day Rates Fall Below $10k

Jan. 22 (Bloomberg) — The glut of supertankers competing for 2 million-barrel cargoes of Persian Gulf oil expanded to the highest in more than four

January 22, 2013
Total Views: 40

golar lng carrier tanker
News

Fredricksen is “Printing Money” With Golar LNG as Day Rates Begin to Fall

Jan. 22 (Bloomberg) — Rates to ship liquefied natural gas are dropping for the first time in four years amid a diminishing scarcity of the carriers

January 22, 2013
Total Views: 90

Monday, January 21, 2013
dredging international panama canal
News

Panama Canal Authority Wants a Piece of the “Pie”, Plans to Change Fee Structure

Jan. 21 (Bloomberg) — The Panama Canal, handling 5 percent of world trade, may change how it calculates tolls for ships carrying energy cargoes to boost

January 21, 2013
Total Views: 14

sabrina i bulk carrier
News

Pareto Securities: Dry Bulk Shipping Demand to Surpass Fleet Growth

Jan. 21 (Bloomberg) — Demand to ship dry-bulk commodities will exceed fleet growth in the year’s second half as the freight market begins to

January 21, 2013
Total Views: 40

trafigura
News

Trafigura Bullish on Clean Products Sector, Buys Trio of MR Tankers

Jan. 21 (Bloomberg) — Trafigura Beheer BV agreed to buy three medium-range tankers to carry refined oil products such as gasoline, its first purchase of

January 21, 2013
Total Views: 61

kvaerner asa logo
Engineering News

Kvaerner Slides as Rival Hyundai Heavy Wins Billion Dollar Rig Order

Jan. 21 (Bloomberg) — Kvaerner ASA, a Norwegian builder of oil platforms, dropped the most in almost a month in Oslo after it lost out on a $1.1 billion

January 21, 2013
Total Views: 64

k-line lng carrier
Uncategorized

DNB Markets: LNG Price Gap to Boost Ship Rates Through Spring

Jan. 21 (Bloomberg) — The gap between liquefied natural gas prices in Asia and the Atlantic will keep trades between the regions profitable through the

January 21, 2013
Total Views: 28