DP World Pledges $1.7 Billion In African Ports Deal
By Antony Sguazzin (Bloomberg) DP World and CDC Group have formed a partnership to develop ports in Africa and committed to spending $1.72 billion on
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 Antony Sguazzin (Bloomberg) DP World and CDC Group have formed a partnership to develop ports in Africa and committed to spending $1.72 billion on
The number of vessels waiting to enter one of the world’s busiest ports jumped to the most since August, threatening to further snarl global supply chains
By Jack Wittels (Bloomberg) — The race to wean shipping off oil and switch to cleaner fuels should prove lucrative for investors and is drawing interest
By Simone Foxman (Bloomberg) Qatar, the world’s biggest exporter of liquefied natural gas, said it’s “unhappy” prices are so high but is producing at
By Gerry Smith and Augusta Saraiva (Bloomberg) –Starting in late August, five container ships left China carrying 65,000 copies of
By Helen Nyambura(Bloomberg) -Kenya hinted it won’t be subject to the International Court of Justice’s ruling in a maritime border dispute with
By Robert Tuttle (Bloomberg) The underwater pipeline that spilled as many as 3,000 barrels of oil off California’s coast may have been dragged by a ship
By Josh Saul (Bloomberg) Orsted A/S and Eversource Energy, the companies building a big wind farm off the Long Island coast, are teaming up with construction
By Jeff Sutherland and Tom Hancock (Bloomberg) — The hit from China’s energy crunch is starting to ripple throughout the globe, hurting everyone from
By Julia Fanzeres (Bloomberg) — U.S. crude futures topped $80 a barrel for the first time since November 2014 as a global energy crisis boosts demand at
By Peter Vercoe (Bloomberg) A double-whammy of a global shortage of ships and chips is the only thing standing in the way of Tesla Inc. maintaining sales
By Robert Tuttle, Amelia Pollard and John Gittelsohn (Bloomberg) — Cruising along the panoramic Pacific Coast Highway that hugs the curves of
By Andy Hoffman (Bloomberg) — A rare disclosure by Gunvor Group Ltd. confirms what’s long been suspected — jobs at energy trading firms pay very
If last holiday season was dubbed “shipageddon,” what will this year be called? By Matthew Townsend (Bloomberg) It’s the beginning of October, just the
By Josyana Joshua and Kevin Crowley (Bloomberg) — The owner of a pipeline at the heart of California’s worst oil spill in almost 30
By Davide Scigliuzzo (Bloomberg) — Carnival Corp. is taking another stab at replacing expensive bonds sold at the onset of the pandemic with a new $1.5
By Reade Pickert (Bloomberg) –A measure of U.S. manufacturing expanded in September at the fastest pace in four months, bolstered by robust demand
By Paul Wallace(Bloomberg) –Qatar ordered four new liquefied natural gas tankers worth more than 2.8 billion rials ($762 million) from a Chinese
By Adveith Nair and Manus Cranny (Bloomberg) — Dubai’s DP World, one of the biggest global port operators, expects supply chain bottlenecks that have
By Rachel Morison (Bloomberg) SSE Plc formed a joint venture in Japan to gain a foothold in one of the most promising markets for offshore wind. The
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