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, January 14, 2022
Freeport LNG Ship Terminal Texas
Shipping

European LNG Shortage Pulls More Tankers Away From Asia

By Sergio Chapa (Bloomberg) Higher natural gas prices and lower shipping rates are increasing the draw of U.S. liquefied natural gas cargoes to Europe over

January 14, 2022
Total Views: 2078

Thursday, January 13, 2022
angshan Deep-Water Port
Ports

Shipping Congestion Growing at World’s Biggest Port

By Ann Koh (Bloomberg) — Ships looking to avoid Covid-induced delays in China are making a beeline for Shanghai, causing growing congestion at the

January 13, 2022
Total Views: 3538

Genting Cruise Ship Shares Plunge 56% Due To Omicron Outbreaks And Shipyard Insolvency
Cruise Ships

Genting Cruise Ship Shares Plunge 56% Due To Omicron Outbreaks And Shipyard Insolvency

By Lorretta Chen (Bloomberg) –Troubled cruise operator Genting Hong Kong Ltd. plunged by a record Thursday after shares resumed trading, following

January 13, 2022
Total Views: 2284

Wednesday, January 12, 2022
Stacked containers are shown as ships unload their cargo at the Port of Los Angeles
Shipping

Supply Chain Chaos Spurs New ETF to Ride Shipping Boom

By Emily Graffeo (Bloomberg) — ProShares is preparing a new ETF to exploit chaos across global supply chains even as bottlenecks show signs of easing

January 12, 2022
Total Views: 1475

Cargo ship Guangdong Port
Shipping

Supply Chains Brace for Impact as Omicron Hits China

By Enda Curran (Bloomberg) — An omicron outbreak in China is sending jitters through supply chains as manufacturers and shippers brace for disruption

January 12, 2022
Total Views: 1684

Tuesday, January 11, 2022
Container ships wait off the coast of the congested Ports of Los Angeles and Long Beach in Long Beach, California
Shipping

Supply Chain Startup Project44 Raises Funds at $2.4 Billion Valuation

By Gillian Tan (Bloomberg) — Project44, a startup that enables the world’s largest companies to track shipments across the global supply chain,

January 11, 2022
Total Views: 1096

cruise ship genting dream
Cruise Ships

Genting Hong Kong Says MV Werften Insolvency to Spark Defaults

By Lorretta Chen (Bloomberg) Genting Hong Kong, the troubled cruise operator controlled by Malaysian tycoon Lim Kok Thay, warned Tuesday of more defaults due

January 11, 2022
Total Views: 2265

Monday, January 10, 2022
yantian port
Ports

China Tightens Restrictions Near Key Port Amid New Virus Cases

By Ann Koh (Bloomberg) — China tightened restrictions on vehicles entering Shenzhen, spurring concern that the delivery of goods to and from one of the

January 10, 2022
Total Views: 1909

Saturday, January 8, 2022
Containergeddon Hits New York As Covid Cases Spike
Ports

Containergeddon Hits New York As Covid Cases Spike

By Brendan Murray (Bloomberg) The Port of New York and New Jersey is working to clear a small but rare bottleneck of container ships anchored off the coast of

January 8, 2022
Total Views: 7332

Friday, January 7, 2022
Port of Oakland
Ports

White House Port Envoy Says Nation Needs to Guard Exports From Supply Chain Snarls

By Jennifer Jacobs and Jenny Leonard (Bloomberg) — U.S. port authorities and ocean carriers, dealing with record import volumes, need to ensure that

January 7, 2022
Total Views: 1159

ningbo port congestion
Ports

Port Trucker Snarl Hits Ningbo’s Container Terminal

Dan Murtaugh (Bloomberg) A suspension of trucking services in several parts of East China’s Zhejiang province has slowed the transportation of manufactured

January 7, 2022
Total Views: 4833

Thursday, January 6, 2022
lng ship bunkering in fog
Shipping News

LNG Tankers Divert From China to Europe

By Ann Koh (Bloomberg) More natural gas cargoes are being diverted away from China to Europe, as traders spend hundreds of thousands of dollars to take

January 6, 2022
Total Views: 8074

Shell Seismic ship Amazon Warrior
Offshore

Shell Seismic Ship Booted From South Africa After Activist Win Court Case

By Paul Burkhardt (Bloomberg) A seismic survey vessel hired by Royal Dutch Shell to look for potential oil and gas fields is on course to leave South African

January 6, 2022
Total Views: 2784

UAE Pirate Watch
Piracy

Tanker Sends Piracy Distress Call Near Yemen

By Zaid Sabah and Sylvia Westall (Bloomberg) — Unidentified assailants harassed an oil tanker off the coast of Yemen, a Saudi Arabia-led military

January 6, 2022
Total Views: 3029

Wednesday, January 5, 2022
British Freight Lobby Calls for Investigation Into Container Shipping ‘Profiteering’
Shipping

British Freight Lobby Calls for Investigation Into Container Shipping ‘Profiteering’

By Charlotte Ryan (Bloomberg) — The British International Freight Association is calling on the U.K. government to investigate the state of competition

January 5, 2022
Total Views: 2697

An MSC containership passes a Maersk containership
Shipping

MSC Passes Maersk to Become World’s Top Container Shipping Line

By Christian Wienberg (Bloomberg) — A.P. Moller-Maersk A/S is no longer the world’s largest container line. The Danish carrier has been overtaken

January 5, 2022
Total Views: 11152

Tuesday, January 4, 2022
An LNG carrier at night
Shipping

Boston Draws Caribbean LNG Cargoes in Rare Price Play

By Sergio Chapa (Bloomberg) — A third Caribbean liquefied natural gas cargo is headed for Boston, where two other await colder weather before unloading

January 4, 2022
Total Views: 5417

Saudi Superyacht Dispute Pits Credit Suisse Against Gulf Prince
Cruise Ships

Saudi Superyacht Dispute Pits Credit Suisse Against Gulf Prince

By Ellen Milligan (Bloomberg) — Credit Suisse Group AG is pursuing a Saudi prince in court, alleging he failed to repay the bank around $78 million

January 4, 2022
Total Views: 17741

Sunday, January 2, 2022
Six Years Late And $2.8 Billion Over Budget Navy’s Costly Carrier Is Ready For Training And Operations
Navy

Six Years Late And $2.8 Billion Over Budget Navy’s Costly Carrier Is Ready For Training And Operations

By Tony Capaccio (Bloomberg) –The Navy’s costliest warship finally has all the elevators needed to lift bombs from below its deck so it can deploy

January 2, 2022
Total Views: 14305

Indonesia Suspends Coal Exports To Secure Domestic Power Supply
Shipping

Indonesia Suspends Coal Exports To Secure Domestic Power Supply

By Eko Listiyorini (Bloomberg) –Indonesia, one of the world’s top exporters of thermal coal, is pausing exports of the fuel in January to secure

January 2, 2022
Total Views: 3637