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
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.
(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
By Michelle Wiese Bockmann (Bloomberg) — Rates for ships carrying minerals and grains will climb almost threefold by 2015 as demand for the vessels
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
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
(Bloomberg) — MISC Bhd., the world’s second-largest liquefied natural gas shipper, surged the most in more than 14 years in Kuala Lumpur stock
By Brooke Sutherland (Bloomberg) — The International Longshoremen’s Association agreed to a new labor contract, ending 11 months of negotiations
(Bloomberg) — Losses widened for the largest oil tankers hauling Middle East crude to Asia, the industry’s busiest trade route, as a surplus of
(Bloomberg) — Price arbitrages that make it profitable for traders to ship coal and iron ore to China may become more important in determining ship
(Bloomberg) — Egypt’s army is maintaining shipping services through the Suez Canal, which handles about 8 percent of world trade, amid unrest
(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
(Bloomberg) — Seadrill Ltd., controlled by Norway’s John Fredriksen, dropped the most in two months in Oslo after downtime for its deepwater rigs
By Michelle Wiese Bockmann (Bloomberg) — The Baltic Dry Index, a measure of commodity freight costs, slumped for an eighth day as storms curbed charters
(Bloomberg) — Petroliam Nasional Bhd., Malaysia’s state-owned energy company, offered to buy out shipping unit MISC Bhd. in a deal worth 8.7
(Bloomberg) — Golden Ocean Group Ltd., the shipping company controlled by billionaire John Fredriksen, rose the most in a week in Oslo trading after
(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
(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
(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
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.
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,
(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
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