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.


Friday, June 3, 2022
File photo of a product tanker underway at sea
Shipping

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

June 3, 2022
Total Views: 4007

Superyacht of Second-Richest Russian Raced for Turkey’s Safe Waters
Shipping

Superyacht of Second-Richest Russian Raced for Turkey’s Safe Waters

By K. Oanh Ha (Bloomberg) — After not broadcasting its location for almost two weeks, a $150 million luxury superyacht linked to sanctioned Russian

June 3, 2022
Total Views: 7009

Thursday, June 2, 2022
oil tanker
Shipping

EU Approves Phased Ban of Russian Oil Imports

By Ewa Krukowska and Jorge Valero (Bloomberg) — The European Union approved a sixth package of sanctions including a partial ban on Russian oil imports

June 2, 2022
Total Views: 555

Wednesday, June 1, 2022
Containers are seen stacked at the Yangshan Deep-Water Port
Shipping

Shanghai Faces Long Road to Recovery as Lockdown Lifts

By Bloomberg News (Bloomberg) — Shanghai faces weeks, if not months, of slow recovery until economic activity can fully bounce back from the crippling

June 1, 2022
Total Views: 2527

Russian President Vladimir Putin attends a meeting
Shipping

Putin’s War Marchine Continues to Thrive Off Russian Energy Sales

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

June 1, 2022
Total Views: 1741

Tuesday, May 31, 2022
A cargo ship is moored in the Port of Long Beach while cranes retrieve cargo containers from the ship
Shipping

Supply Chain Relief Sparks Feud Over U.S. Demand

By Brendan Murray (Bloomberg) — Some supply strains in the US are easing, two years after a jump in demand started emptying shelves, snarling shipping

May 31, 2022
Total Views: 5635

Monday, May 30, 2022
Oil tanker at sea involved in sanctions evasion scheme transporting Iranian and Venezuelan crude
Shipping

Iran’s Seizure of Greek Tankers Adds Risk to Key Oil Trading Route

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

May 30, 2022
Total Views: 1733

Sunday, May 29, 2022
Admiral Stavridis Calls For Black Sea Ship Convoys
Navy

Admiral Stavridis Calls For Black Sea Ship Convoys

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

May 29, 2022
Total Views: 3608

Saturday, May 28, 2022
Russian Oligarch’s Megayacht Location Is Turned Back On After Going Dark For 12 Days 
Shipping

Russian Oligarch’s Megayacht Location Is Turned Back On After Going Dark For 12 Days 

By K. Oanh Ha (Bloomberg) –A $150-million ultra-luxurious superyacht tied to Russia’s second-richest citizen Leonid Mikhelson, who is

May 28, 2022
Total Views: 14631

Colombo Port, Sri Lanka. Photo Credit: Sri Lanka Ports Authority (SLPA)
Ports

Ships Divert to India As Sri Lanka Crisis Slows Colombo Port

By Ann Koh and Anusha Ondaatjie (Bloomberg) –Sri Lanka’s political turmoil is prompting some shipping lines to detour to Indian ports instead of

May 28, 2022
Total Views: 1769

Bankrupt Sri Lanka Takes Russia Oil As Fuel Crisis Persists
Shipping

Bankrupt Sri Lanka Takes Russia Oil As Fuel Crisis Persists

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

May 28, 2022
Total Views: 2250

Friday, May 27, 2022
A cargo ship is moored in the Port of Long Beach while cranes retrieve cargo containers from the ship
Shipping

U.S. Merchandise-Trade Deficit Shrinks Most Since 2009

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

May 27, 2022
Total Views: 1148

a stena line ferry entering harbor in Gothenburg, Sweden
Shipping

Stena on P&O Ferries Firings: Bad for Business

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,

May 27, 2022
Total Views: 5122

Thursday, May 26, 2022
port of shanghai yangshan at dusk
Shipping

Shanghai Port Rebounds as Lockdown Loosens But Backlog Remains

By Bloomberg News (Bloomberg) — Daily operations at Shanghai’s port have almost fully recovered from the effects of the city’s Covid-19 lockdown,

May 26, 2022
Total Views: 2043

Wednesday, May 25, 2022
bulk ship in egypt
Shipping

Mined Ports, Red Tape and Russia Risk Stop Ukraine Grain

By Andrea Dudik and Rosalind Mathieson (Bloomberg) — Resuming Ukrainian grain shipments will be time consuming given challenges that include

May 25, 2022
Total Views: 1329

Cargo containers pile up at a marine terminal at the Port of Los Angeles.
Ports

West Coast Ports’ Seek to Avert Cargo Chaos During Labor Talks

By Augusta Saraiva and Josh Eidelson (Bloomberg) — As the US’s largest ports in California moved record amounts of cargo amid pandemic-induced

May 25, 2022
Total Views: 2016

Tuesday, May 24, 2022
A dockyard worker watches as barley grain is mechanically poured into a 40,000 ton ship at an Ukrainian agricultural exporter's shipment terminal in the southern Ukrainian city of Nikolaev July 9, 2013.
Shipping

Russia Is Winning From the Global Food Crisis It Helped Create

By Aine Quinn (Bloomberg) — Russia’s war against Ukraine, while deepening a global food crisis, has made the invader among the biggest

May 24, 2022
Total Views: 4201

Grain is loaded onto a ship in Odessa, Ukraine, August 9, 2021
Shipping

Support Grows for Naval Escorts for Ukraine Grain

By Natalia Drozdiak and Rosalind Mathieson (Bloomberg) — Support is growing in Europe to send warships to the Black Sea to escort freighters carrying

May 24, 2022
Total Views: 2648

Monday, May 23, 2022
Trucks At Port Of LA
Shipping

Stressed-Out Supply Chain Managers Throwing in the Towel in Search of Greener Pastures

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

May 23, 2022
Total Views: 5000

A COSCO ship at the port of long beach
Ports

Long Beach Port Chief Doesn’t See Labor Deal by July 1 Deadline

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

May 23, 2022
Total Views: 2664