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.


Tuesday, September 28, 2021
containership
Shipping

Pandemic Shopping Spree Fuels Rebound in Shipping Emissions

By Isis Almeida (Bloomberg) — The pandemic-driven shopping spree is having at least one unintended consequence: emissions from shipping are on the rise

September 28, 2021
Total Views: 1389

Oil tanker in Ningbo Zhoushan port
Shipping News

China’s Electric Grid Stumbles Under Shipping Shortage

by Debby Wu (Bloomberg) China’s energy crisis is shaping up as the latest shock to global supply chains as factories in the world’s biggest exporter are

September 28, 2021
Total Views: 3354

Monday, September 27, 2021
port of los angeles
Ports

Los Angeles Port Chief Calls for More Federal Funding for Congested West Coast Ports

By Jill R. Shah (Bloomberg) — The U.S. federal government needs to invest more in West Coast ports, said the head of the Port of Los Angeles, which is

September 27, 2021
Total Views: 4114

tanker at sea
Offshore

Brent Rises to Highest Since 2018 on Global Energy Crunch

By Alex Longley and Sheela Tobben (Bloomberg) — Brent approached $80-a-barrel on signs that the crude market is rapidly tightening amid a global energy

September 27, 2021
Total Views: 1368

Sunday, September 26, 2021
Containership docking Port of Long Beach
Ports

Containers Piling Up At U.S. Rail Yards Add to Port Strains

By Brendan Murray(Bloomberg) –To understand why more than 100 container ships are waiting to enter U.S. ports from Southern California to Savannah,

September 26, 2021
Total Views: 6233

Saturday, September 25, 2021
general cargo bulk ship
Shipping

Crane Collapse at West Coast Soybean Meal Export Hub Deals Blow to Trade Flows

Bloomberg) — Shipments from a U.S. West Coast terminal that handles almost 20% of the nation’s soybean meal exports have been curbed while damage from

September 25, 2021
Total Views: 4814

Friday, September 24, 2021
north sea link
Offshore

Power-Starved U.K. Thrown World’s Longest Lifeline From Norway

By Jesper Starn and Rachel Morison (Bloomberg) — The U.K. — where some electricity suppliers have gone out of business amid record power and gas

September 24, 2021
Total Views: 3101

Thursday, September 23, 2021
cargo ship
Shipping

Thailand Planning National Shipping Line to Boost Status as Logistics Hub

By Randy Thanthong-Knight (Bloomberg) — Trade-reliant Thailand plans to launch a national shipping company next year to bolster its trade capabilities,

September 23, 2021
Total Views: 1191

Wednesday, September 22, 2021
lng carrier
Shipping

LNG Suppliers Focus on Spot Deals in Price Jump -Buyer

By Anna Shiryaevskaya and Verity Ratcliffe (Bloomberg) — Liquefied natural gas suppliers are limiting the volume they deliver under long-term contracts

September 22, 2021
Total Views: 642

Cheniere's sabine pass commissioning cargo is loading on an LNG tanker, marking the start of US LNG exports
Shipping

U.S. Energy Exports Show First Surplus Since at Least the 1970s

By Simon Casey (Bloomberg) — Trade deficits have been a stubborn feature of the U.S. economy for decades now, but energy has started to buck that trend,

September 22, 2021
Total Views: 1128

Naval Foundry and Propeller Center Makes History
News

Bulk Iron Ore Prices Storm Past $100

A tight supply and strong demand for steel in China have led to capesize bulker spot rates rising, but increasingly high shipping and iron-ore costs may choke

September 22, 2021
Total Views: 9748

Tuesday, September 21, 2021
maersk containership
Shipping

Maersk Heading to Biggest Profit in Danish History

By Christian Wienberg (Bloomberg) — A.P. Moller-Maersk A/S is now heading for a full-year profit that will match its combined results from the past nine

September 21, 2021
Total Views: 7945

cosco shipping
Shipping

US And China Compete To Rebuild Sudan’s State Shipping Firm

By Mohammed Alamin (Bloomberg) Sudan’s state shipping company is considering a Chinese offer to revamp a fleet that’s shrunk to just one boat as the

September 21, 2021
Total Views: 1753

Monday, September 20, 2021
lng carrier
Shipping

Here’s Why Europe, Desperate for Gas, Isn’t Buying LNG

By Anna Shiryaevskaya (Bloomberg) — A record rally in natural gas prices in Europe doesn’t mean it’s become lucrative to send every available

September 20, 2021
Total Views: 3519

Saturday, September 18, 2021
Eric Blackwell sailing in Indonesia
Blog

Stuck Overseas Due To COVID? You Could Sail Thousands Of Miles Home

Tens of thousands of frustrated citizens of nations such as Australia and New Zealand remain stranded overseas and some are starting to sail

September 18, 2021
Total Views: 4722

Electric Boat Submarine With Tug
Navy

Electric Boat Shipyard Gets Ready To Support Australian Nuclear Submarine Program

By Thomas Black (Bloomberg) The U.S., U.K. and Australia will each begin an 18-month review to identify how best to provide nuclear-submarine capabilities

September 18, 2021
Total Views: 2244

Successor-class submarine
Navy

BAE Shipyard Wins UK Nuclear Submarine Contract

Britain awarded BAE Systems and Rolls-Royce Holdings 85 million pounds each to work on a new generation of nuclear submarines, a day after announcing a deal to

September 18, 2021
Total Views: 2074

Friday, September 17, 2021
port of los angeles and long beach
Shipping

Los Angeles Port Logjam Has Enough Containers to Cross Half the U.S.

By Brendan Murray (Bloomberg) The number of container ships waiting to enter the biggest U.S. gateway for trade with Asia reached an all-time high of 65

September 17, 2021
Total Views: 11044

‘No Empty Barges’ Cripples US Fertilizer Supply
Shipping

‘No Empty Barges’ Cripples US Fertilizer Supply

By Elizabeth Elkin (Bloomberg) Hurricane Ida struck the heart of the U.S. fertilizer industry, and now Storm Nicholas threatens even more damage in the Gulf

September 17, 2021
Total Views: 2173

Thursday, September 16, 2021
Employees working at cargo ship Kypros Land which is loading soybeans to China
Finance

Bulker Rates May Go Parabolic Says Genco CEO

By Alex Longley (Bloomberg) An owner of commodity hauling freighters said rates for the ships are close to the point of spiking sharply higher and mirroring

September 16, 2021
Total Views: 2085