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.


Wednesday, September 22, 2021
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: 4723

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

singapore
Finance

Marine Money Experts Warn Against New Ship Capacity As Prices Surge

By Elizabeth Low (Bloomberg) Shipowners and financiers should avoid sinking money into new container vessels despite a global crunch because record orders have

September 16, 2021
Total Views: 1590

Wednesday, September 15, 2021
natural gas
Offshore

Winter Woes: Europe’s Gas Extends Record Rally on Supply Uncertainties

By Vanessa Dezem and Anna Shiryaevskaya (Bloomberg) — Natural gas prices in Europe continued their record-breaking run as uncertainties about supply

September 15, 2021
Total Views: 896

bulk-ship-loading-grain
Finance

Bulker Rates Post Biggest Daily Gain In A Decade

By Alex Longley (Bloomberg) In an already banner year for shipping, commodity carriers just saw their biggest daily gain in a decade. Average rates for giant

September 15, 2021
Total Views: 960

Tuesday, September 14, 2021
Hurricane Ida is seen in this image taken aboard the International Space Station
Marine Weather

Storms From Texas to China Set to Worsen Global Ship Logistics Problems

By Ann Koh (Bloomberg) Global supply chains already tangled by the pandemic, labor shortages and sustained consumer demand in the U.S. are getting walloped by

September 14, 2021
Total Views: 1122

lng carrier
News

LNG Hits New Record Highs As Supply Problems Mount

By Anna Shiryaevskaya (Bloomberg) –Natural gas prices in the U.K. and the Netherlands soared to record highs as concerns over tight supplies mount while

September 14, 2021
Total Views: 945

Typhoon Chanthu Shanghai
Marine Weather

Shanghai And Ningbo Start Reopening After Typhoon Chanthu

(Bloomberg) –Shanghai is restarting flights and some container port operations as weakening Typhoon Chanthu heads slowly out to sea. Shanghai’s

September 14, 2021
Total Views: 730

Monday, September 13, 2021
Tropical Storm Nicholas
Marine Weather

Oil Tankers Flee Texas As Tropical Storm Nicholas Approaches

By Sheela Tobben (Bloomberg) At least 10 ships set to load crude from Texas ports appeared to be fleeing deeper into the Gulf of Mexico with their tanks empty

September 13, 2021
Total Views: 394

Coast Guard Barge Inspection
Offshore

Gulf Of Mexico Oil Still Hurting From Hurricane Ida

By Sharon Cho (Bloomberg) Oil rose to hits highest level in just under six weeks as investors tracked the slow restoration of supplies in the Gulf of Mexico

September 13, 2021
Total Views: 1574

Ports Close As China Upgrades Typhoon Chanthu To ‘Highest Level’
Marine Weather

Ports Close As China Upgrades Typhoon Chanthu To ‘Highest Level’

Zhejiang province upgraded its emergency response to Chanthu to the highest level on Sunday, closing ports as well as suspending air and rail

September 13, 2021
Total Views: 3076