Surging Tanker Rates Make Interesting Case for Jones Act Fleet
By Chunzi Xu and Sheela Tobben (Bloomberg) The global search for fuel after Russia’s war has thrust the US Gulf Coast into the role of a main supplier to
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.
By Chunzi Xu and Sheela Tobben (Bloomberg) The global search for fuel after Russia’s war has thrust the US Gulf Coast into the role of a main supplier to
By K. Oanh Ha (Bloomberg) — After not broadcasting its location for almost two weeks, a $150 million luxury superyacht linked to sanctioned Russian
By Ewa Krukowska and Jorge Valero (Bloomberg) — The European Union approved a sixth package of sanctions including a partial ban on Russian oil imports
By Bloomberg News (Bloomberg) — Shanghai faces weeks, if not months, of slow recovery until economic activity can fully bounce back from the crippling
By Bloomberg News (Bloomberg) — In early March, as the US and its allies unleashed a wave of sanctions on Russia, President Joe Biden stood in the White
By Brendan Murray (Bloomberg) — Some supply strains in the US are easing, two years after a jump in demand started emptying shelves, snarling shipping
By Anthony Di Paola (Bloomberg) — Iran’s seizure of two Greek oil tankers in the Persian Gulf raises the risk of further interruptions to shipments
by Admiral James Stavridis (Bloomberg Opinion) When I was operations officer on an Aegis guided-missile destroyer in the late 1980s, we were given a mission in
By K. Oanh Ha (Bloomberg) –A $150-million ultra-luxurious superyacht tied to Russia’s second-richest citizen Leonid Mikhelson, who is
By Ann Koh and Anusha Ondaatjie (Bloomberg) –Sri Lanka’s political turmoil is prompting some shipping lines to detour to Indian ports instead of
By Anusha Ondaatjie, Asantha Sirimanne and Elizabeth Low (Bloomberg) –Sri Lanka is receiving Russian crude oil that it will use to make fuel as the
By Ana Monteiro and Eric Martin (Bloomberg) — The US merchandise-trade deficit shrank in April by the most since 2009 as imports fell amid lockdowns in
P&O Ferries’ abrupt firing of 800 UK-based ferry workers threatens to undermine 30 years of progress in improving the image of the ferry industry,
By Bloomberg News (Bloomberg) — Daily operations at Shanghai’s port have almost fully recovered from the effects of the city’s Covid-19 lockdown,
By Andrea Dudik and Rosalind Mathieson (Bloomberg) — Resuming Ukrainian grain shipments will be time consuming given challenges that include
By Augusta Saraiva and Josh Eidelson (Bloomberg) — As the US’s largest ports in California moved record amounts of cargo amid pandemic-induced
By Aine Quinn (Bloomberg) — Russia’s war against Ukraine, while deepening a global food crisis, has made the invader among the biggest
By Natalia Drozdiak and Rosalind Mathieson (Bloomberg) — Support is growing in Europe to send warships to the Black Sea to escort freighters carrying
By Daniela Sirtori-Cortina (Bloomberg) — Supply-chain managers quit their jobs last year at the highest rate since at least 2016 due to a mix of burnout
By Augusta Saraiva (Bloomberg) — The head of the US’s second-busiest port doesn’t see talks over new labor contracts for 22,000 dockworkers at 29
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