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Tuesday, May 11, 2021

Global Commodities Scramble Sends Shipping Prices Soaring

By Thomas Biesheuvel, Prejula Prem and Annie Lee (Bloomberg) — The super-charged rally in commodity prices has made shipping more expensive than any time in the past decade, reviving the fortunes...

14 hours ago
Total Views: 713

Drone Photo Of A Product Tanker carrying Gasoline.

Tanker Rates Skyrocket To Fill Colonial Pipeline Shortages

By Elizabeth Low (Bloomberg) Oil tanker charter rates skyrocketed in the U.S. with refiners scrambling for ships to store fuel that has nowhere to go due to a cyberattack on...

19 hours ago
Total Views: 1647

Monday, May 10, 2021
Colonial Pipeline Holding tanks Dorsey Junction Station

U.S. Gas Stations Run Dry As Pipeline Races To Recover From Hacking

Oil tanker charter rates skyrocketing in the U.S. with refiners scrambling for ships to store fuel that has nowhere to go. By Joe Carroll (Bloomberg) –Gas stations along the U.S. East Coast...

May 10, 2021
Total Views: 1201

port of los angeles

Parking Lot In The Pacific Persists As Imports Jam U.S. Ports

By Brendan Murray (Bloomberg) Ship congestion outside the busiest U.S. gateway for trade with Asia persisted over the past week amid a steady flow of imports at some of the...

May 10, 2021
Total Views: 1467

colonial pipeline storage tanks

Colonial Pipeline CEO Privately Warns States of Fuel Shortages

By Ari Natter (Bloomberg) — The leader of the company whose fuel pipeline was paralyzed by a cyber attack warned state officials in a private meeting Monday that supply shortages could...

May 10, 2021
Total Views: 3868


Tanker Traders Jockey For Position As Colonial Pipeline Fights Hackers For A Third Day

The ocean-going tanker Pacific Jasper that had been taking gasoline toward the U.S. Gulf stopped on its voyage and is now stationed east of the Bahamas. If the halt is...

May 10, 2021
Total Views: 3783

prelude flng
Maritime News

China Bans Some Australian LNG Cargoes

By Stephen Stapczynski (Bloomberg) At least two of China’s smaller liquefied natural gas importers have been told to avoid buying new cargoes from Australia, a further example of the impact...

May 10, 2021
Total Views: 9005

Sunday, May 9, 2021
oil tanker

Oil Traders Work to Avert Shortages After Cyberattack on Major U.S. Pipeline

By Sheela Tobben and Jeffrey Bair (Bloomberg) — The shutdown of America’s largest fuel pipeline after a cyberattack is threatening to send gasoline prices to the highest in seven years as...

May 9, 2021
Total Views: 4059

ever given

Egypt Offers to Cut Ever Given Compensation Claim to $600 Million

By Abdel Latif Wahba (Bloomberg) Egypt offered to reduce claims by a third for compensation from owners of the container ship that blocked the Suez Canal in March, Suez Canal Authority...

May 9, 2021
Total Views: 18285

Saturday, May 8, 2021
maritime security

New York Needs Tankers ASAP After Pipeline Cyber Attack

Traders are seeking product tankers and barges to deliver gasoline that would have otherwise been shipped on the Colonial pipeline that was crippled by a ransomware attack on Friday. By...

May 8, 2021
Total Views: 5320

Friday, May 7, 2021
offshore wind farm

How an Oil Company Becomes a Renewables Company

By Nathaniel Bullard (Bloomberg) — Last week a raft of oil majors released their first-quarter results, with companies like Royal Dutch Shell Plc showing a return to pre-pandemic profit levels. At the...

May 7, 2021
Total Views: 5011

Maritime News

Crew Change Crisis 2.0 Shows Signs of Worsening Amid India Virus Surge

By Ann Koh (Bloomberg) Hundreds of thousands of seafarers risk being stuck at sea beyond the expiry of their contracts because of India’s surging coronavirus outbreak, according to one of the...

May 7, 2021
Total Views: 1708

Wednesday, May 5, 2021
container ship

Retail Brands Pledge Supply Chain Audit to Help Seafarers Stranded by COVID-19

By K. Oanh Ha (Bloomberg) — Unilever Plc and other big retail brands are among consumer giants adopting a toolkit to audit their shipping supply chains in an effort to help...

May 5, 2021
Total Views: 1293

Katherine Tai nomination hearing

Biden Trade Chief Pledges to Build Off Trump’s China Agreement

By Eric Martin (Bloomberg) — President Joe Biden’s chief trade negotiator pledged to build off the deal with China reached under Donald Trump and said that tariff removal will depend on...

May 5, 2021
Total Views: 1143

Tuesday, May 4, 2021
ever given

Egyptian Judge Rejects Appeal for Release of Ever Given

By Salma El Wardany (Bloomberg) — An Egyptian court upheld a ruling preventing the giant container ship that blocked the Suez Canal from leaving the country, after authorities sought more than...

May 4, 2021
Total Views: 5735

Monday, May 3, 2021
Scarborough Shoal China Fishing

Philippines Slams China’s ‘Dangerous’ Move

By Andreo Calonzo (Bloomberg) The Philippines has protested China’s “dangerous maneuver” against its Coast Guard that patrolled and trained last month near a South China Sea shoal, with Manila’s top...

May 3, 2021
Total Views: 5938

Container-ship Departure Houston
Maritime News

Sea Cargo Chaos Intensifies In The Summer Of Sold-Out Ships

By Brendan Murray (Bloomberg) Container shipping rates are heading higher again, driven to new heights by unrelenting consumer demand and company restocking from Europe to the U.S. that are exhausting...

May 3, 2021
Total Views: 13211


Aircraft Carrier Shandong Deploys To South China Sea

(Bloomberg) –China has sent its Shandong aircraft carrier for military training in the South China Sea and plans to continue similar exercises, the state-owned Global Times said. The training conducted...

May 3, 2021
Total Views: 5529

Sunday, May 2, 2021

Royal Navy Sends A Strong Warning To China

By Admiral James Stavridis (Bloomberg Opinion) Throughout my U.S. Navy career, I loved to operate at sea with the British Royal Navy. U.K. warships were unfailingly well-handled, manned by crisp communicators, and — when...

May 2, 2021
Total Views: 105204

Saturday, May 1, 2021
Radiance at Hubbard Glacier - Alaska
Cruise Ships

Effort to Bring Cruises Back to Alaska Is Delayed as Senators Wrangle

By Lillianna Byington (Bloomberg Government) — Efforts to revive cruises to Alaska as the pandemic eases have exposed divisions among U.S. lawmakers, with some favoring a new loophole to an existing...

May 1, 2021
Total Views: 4300