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.


Tuesday, February 5, 2013
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: 104

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: 130

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: 167

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: 54

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: 122

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: 42

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: 97

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: 71

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: 36

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: 183

Golden Ocean Group
News

Fredriksen’s Golden Ocean Group Gains on Speculation Dry Bulk is Set for a Revival

(Bloomberg) — Golden Ocean Group Ltd., the shipping company controlled by billionaire John Fredriksen, rose the most in a week in Oslo trading after

January 31, 2013
Total Views: 83

Wednesday, January 30, 2013
iron ore australia dry bulk pier darwin
News

Capesize Rates and Iron Ore Prices Decline as Chinese New Year Approaches

(Bloomberg) — Iron ore is poised to decline through the end of March as China, the world’s largest user, has a week-long holiday next month and

January 30, 2013
Total Views: 29

dry bulk grain loading shipping port of houston
News

Ships Line Up Off Brazilian Ports After Record Soybean Harvest

(Bloomberg) — A record soybean crop in Brazil, set to be the world’s largest producer and exporter this season, is creating a backlog of ships at

January 30, 2013
Total Views: 146

Tuesday, January 29, 2013
BW Luck vlcc
News

BW Group Left Holding the Bag as Saudi Aramco Gets Ridiculous VLCC Charter Deal

(Bloomberg) — Saudi Arabian Oil Co., the world’s biggest state-owned crude producer, booked a tanker to haul a cargo to the U.S. Gulf Coast next

January 29, 2013
Total Views: 71

Oil Spill Backs Up 800 Barges Along Mississippi River
Grounding Incidents

Oil Spill Backs Up 800 Barges Along Mississippi River

By Alan Bjerga Almost 800 barges are backed up in the southern portion of the Mississippi River while an oil spill is cleaned up, the U.S. Coast Guard said.

January 29, 2013
Total Views: 76

LaHood Stepping Down as DOT Secretary
Uncategorized

LaHood Stepping Down as DOT Secretary

By Angela Greiling Keane and Jeff Plungis U.S. Transportation Secretary Ray LaHood, one of two Republicans to serve in President Barack Obama’s cabinet,

January 29, 2013
Total Views: 25

opec headquarters vienna
News

Tanker Glut Worsening as OPEC Makes Huge Cut in Oil Production

(Bloomberg) — OPEC’s deepest output cut since the global recession in 2008 is creating the biggest surplus of oil tankers in the Persian Gulf in at

January 29, 2013
Total Views: 45