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Bloomberg

Bloomberg is an international news agency headquartered in New York. gCaptain is a content partner.


Monday, March 18, 2024
Sovcomflot ship bridge
News

Russian Oil Squeeze Tightens as Sovcomflot Admits Difficulties

(Bloomberg) — Russia’s state oil tanker company PJSC Sovcomflot said that US sanctions are putting pressure on its operations, the latest sign that the

7 hours ago
Total Views: 1304

Saturday, March 16, 2024
adventure of the seas
Cruise Ships

Luxury Cruises Cancel Stop At Haiti Beach Oasis As Violence Rises

By Jim Wyss (Bloomberg) –Royal Caribbean Cruises Ltd. is suspending visits to its private enclave in Haiti as gang violence and lawlessness grip the

March 16, 2024
Total Views: 3819

Oil supertanker Grace 1 seen in waters of British overseas territory of Gibraltar
Shipping

Treasury Is Asked Why US Firm Insures Ships Carrying Iran Oil

By Zachary R. Mider and Zeke Faux (Bloomberg) –A Republican congressman is asking the Treasury Department to explain its handling of a US insurance

March 16, 2024
Total Views: 2829

Friday, March 15, 2024
A tanker transits the Panama Canal Locks
Shipping

The Panama Canal Averts a Crisis for Now— But at a Cost to Drinking Water

By Peter Millard, Michael McDonald and Eric Roston (Bloomberg) — The Panama Canal has avoided the worst of a shipping crunch that threatened to upend

March 15, 2024
Total Views: 3686

Thursday, March 14, 2024
Russian Oil Tankers. REUTERS/Tatiana Meel/File Photo
Shipping

Drone Strikes Deal Blow to Russian Diesel Exports

By Bill Lehane and Jack Wittels (Bloomberg) — Shipments of diesel from Russian ports have fallen in the weeks since drone strikes began on the

March 14, 2024
Total Views: 3489

Port of Durban south africa.File photo: Shutterstock/michaeljung
Ports

Inefficient African Ports See Diverted Red Sea Traffic Slipping Away

By Colleen Goko (Bloomberg) — Africa’s inefficient and aging ports are hampering the continent’s chances of capitalizing on a surge in ship traffic

March 14, 2024
Total Views: 4115

Wednesday, March 13, 2024
Icon of the Seas pictured leaving for sea trials
Shipping

Mega Cruise Ships Seen Fueling Comeback

By Joel Leon (Bloomberg) — The impressive run from cruise-line operators over the past year has room to run, according to Goldman Sachs Group Inc.

March 13, 2024
Total Views: 2775

U.S. President Joe Biden speaks during his visit in Philly Shipyard in Philadelphia, Pennsylvania, U.S., July 20, 2023. REUTERS/Evelyn Hockstein
Shipbuilding

Biden Eyes Chinese Shipbuilding Subsidies as Tensions Simmer

By Bloomberg News (Bloomberg) — US President Joe Biden pledged to look into a petition from a group of unions asking his administration to review

March 13, 2024
Total Views: 1998

Tuesday, March 12, 2024
An aerial view shows the Vladimir Arsenyev tanker at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel/File Photo
Shipping

Russia’s Crude Shipments Rebound to the Highest Level This Year

By Julian Lee (Bloomberg) — Russia’s seaborne crude exports surged to the highest level for the year so far, with shipments from a key Pacific

March 12, 2024
Total Views: 810

Sunday, March 10, 2024
Philippines resupply mission in the South China Sea. REUTERS/Adrian Portugal
Offshore

US Key to Philippines’ Plan to Tap Oil, Gas in South China Sea

By Andreo Calonzo and Manolo Serapio Jr. Mar 10, 2024 (Bloomberg) –The Philippines is counting on the US and its allies to play a crucial role in

March 10, 2024
Total Views: 30894

Saturday, March 9, 2024
Chinese Coast Guard vessels fire water cannons towards a Philippine resupply vessel Unaizah May 4 on its way to a resupply mission at Second Thomas Shoal in the South China Sea. REUTERS/Adrian Portugal TPX IMAGES OF THE DAY
Defense

Philippines Adopts New Defense Strategy Amid South China Sea Row

By Ditas Lopez Mar 9, 2024 (Bloomberg) —Philippine Defense Secretary Gilberto Teodoro has directed the military to enforce a new strategy to defend

March 9, 2024
Total Views: 56109

Friday, March 8, 2024
French frigate escort
Shipping

Red Sea Crisis Could Fan Asia’s Inflation Anew, Delay Rate Cuts

By Claire Jiao (Bloomberg) — Asia could see slower economic growth and a resurgence of inflation as escalating violence in the Red Sea snarls shipping

March 8, 2024
Total Views: 564

yantian port china
Shipping

Global Trade Struggling to Bounce Back from 2023 Slump, WTO Says

By Brendan Murray (Bloomberg) — Global merchandise trade is struggling to accelerate from a slump last year amid signs that growth in the automotive

March 8, 2024
Total Views: 354

Thursday, March 7, 2024
A satellite image shows the cargo ship Rubymar before it sank, on the Red Sea. Maxar Technologies/Handout via REUTERS
Shipping

Deadly Ship Attack Means Shipowners Should Re-Think Red Sea Voyages

By Alex Longley (Bloomberg) – A major transport union urged a full halt of merchant ships sailing through the Red Sea, adding to calls for vessels to

March 7, 2024
Total Views: 1331

Wednesday, March 6, 2024
The MV Rubymar pictured before its sinking
Shipping

‘Rubymar’ Anchor Seen as Likely Cause of Severed Red Sea Cables

By Olivia Solon and Mohammed Hatem (Bloomberg) — The anchor of a cargo ship that was attacked by Houthi militants was the most likely cause of damage to

March 6, 2024
Total Views: 4478

Felicity Ace seen burning in the Atlantic Ocean off the Azores Islands. Picture was released Friday, February 18, 2022 by the Portuguese Navy. Photo courtesy Portuguese Navy
Shipping

Volkswagen Faces Lawsuits Over ‘Felicity Ace’ Fire

By Karin Matussek (Bloomberg) — Volkswagen AG faces a pair of lawsuits in Germany over claims it was the battery in a Porsche electric vehicle that

March 6, 2024
Total Views: 3089

Tuesday, March 5, 2024
Christophe de Margerie LNG carrier
Shipping

Unclaimed Arctic Gas Carriers Threaten Russia’s LNG Expansion

(Bloomberg) — Ever-tighter sanctions against Moscow have left a South Korean shipbuilder struggling to find buyers for specialized vessels intended to

March 5, 2024
Total Views: 11119

Philippine Coast Guard personnel inspect the hull of the ship during a collision incident between the Philippine Coast Guard vessel BRP Sindangan and a Chinese Coast Guard ship in the disputed South China Sea, March 5, 2024. Philippine Coast Guard/Handout via REUTERS
Shipping

Philippines, China Trade Protests After Ships Collide Again

By Cliff Venzon and Andreo Calonzo (Bloomberg) — The Philippines and China traded complaints after their ships collided again in the South China Sea on

March 5, 2024
Total Views: 734

Monday, March 4, 2024
Gasoline tanker at terminal. Photo Shutterstock
Shipping

Iran Defies US Sanctions With Surging LPG Exports

By Patrick Sykes (Bloomberg) — Iran is defying US sanctions with surging exports of liquefied petroleum gas, the latest sign that American pressure is

March 4, 2024
Total Views: 1925

tanker at sea
News

OPEC+ Extends Oil Cuts, With Russia Bolstering its Effort

(Bloomberg) — OPEC+ extended its oil supply cutbacks to the middle of the year in a bid to avert a global surplus and shore up prices.  The curbs —

March 4, 2024
Total Views: 747
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