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.


Saturday, May 28, 2022
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: 5124

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: 1330

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

Saturday, May 21, 2022
Coffee Shipped by Sailboats In Efforts To Disrupt The Heavy Ships’ Command Of The High Seas
Shipping

Coffee Shipped by Sailboats In Efforts To Disrupt The Heavy Ships’ Command Of The High Seas

By Irina Anghel and Eamon Akil Farhat May 21, 2022,(Bloomberg) –There’s never been a more dreamy way to have your coffee delivered than a sailboat

May 21, 2022
Total Views: 32622

Russia Stops Gas Supply To Finland Over Refusal To Pay In Rubles
Shipping

Russia Stops Gas Supply To Finland Over Refusal To Pay In Rubles

By Kati Pohjanpalo (Bloomberg) –Russia has cut Finland off from its natural gas supplies as relations between the two neighbors sour over the Nordic

May 21, 2022
Total Views: 1495

New LNG Deal Will Allow Finland, Estonia to End Russian Gas Imports
Shipping

New LNG Deal Will Allow Finland, Estonia to End Russian Gas Imports

By Sergio Chapa (Bloomberg) —Excelerate Energy Inc. signed a 10-year deal to move a ship that stores liquefied natural gas to Finland, allowing the

May 21, 2022
Total Views: 6652

Friday, May 20, 2022
Sovcomflot ship bridge
Shipping

Russian Oil Producers Snap Up Sovcomflot Tankers Shunned By Rest of the World

By Debjit Chakraborty, Julian Lee and Serene Cheong (Bloomberg) — Russian oil producers are starting to book up an increasing number of tankers

May 20, 2022
Total Views: 6901

Gianluigi Aponte portrait
Shipping

Former-Banker Turned Shipping Magnate Rides Pandemic Shipping Boom to $19 Billion Fortune

By Ben Stupples (Bloomberg) — Gianluigi Aponte left a job in finance to focus on shipping. Now, decades later, he has one of the world’s biggest

May 20, 2022
Total Views: 3463

Thursday, May 19, 2022
panama canal tonnage record
Shipping

Panama Canal Ship Queue Reflects Shipping Bottlenecks

By James Attwood, Augusta Saraiva and Sergio Chapa (Bloomberg) — The global shipping bottlenecks rattling industries and consumers in the pandemic era

May 19, 2022
Total Views: 7456

CNO Admiral Mike Gilday Wearing Camo
Navy

Taiwan Must Spend More On Maritime Defense, Says Top US Navy Admiral

By Daniel Flatley (Bloomberg) Taiwan must gird itself against potential Chinese aggression through military deterrence that includes acquiring the right

May 19, 2022
Total Views: 1670

Wednesday, May 18, 2022
FILE PHOTO: General view of the Walney Extension offshore wind farm operated by Orsted off the coast of Blackpool, Britain
Offshore

Global Offshore Wind Spending Estimated at $1 Trillion By 2031

By Dan Murtaugh (Bloomberg) — Offshore wind power installations will increase nearly nine-fold this decade as the world pours $1 trillion into the clean

May 18, 2022
Total Views: 976

cargo ships loading at port of oakland
Shipping

Worker Shortages Snarl Shipping Even as Shanghai Lockdowns Ease

By Ann Koh and Kyunghee Park (Bloomberg) — China appears to be gradually easing its lockdown of Shanghai, but that won’t bring immediate relief to

May 18, 2022
Total Views: 1839

Tuesday, May 17, 2022
bulk ship at sunset
Environment

British Start-Up Wants to Build Batteries for Ships

By Eddie Spence (Bloomberg) — UK battery company Britishvolt Ltd. received an investment from shipping firm Scorpio Group as it looks to develop

May 17, 2022
Total Views: 1852