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, June 15, 2021
ocean cleanup project
Environment

Drone Navy Is Rising Against Ocean Plastics

By Laura Millan Lombrana (Bloomberg) Floating drones inspired by whale sharks and four-wheeled robots that resemble the Mars rover are among the latest

June 15, 2021
Total Views: 3649

Offshore Driller Transocean to Sell Shares Amid Meme Stock Frenzy
Offshore

Offshore Driller Transocean to Sell Shares Amid Meme Stock Frenzy

By Allison McNeely (Bloomberg) — Transocean Ltd. is planning to raise cash and cut debt by selling new shares, taking advantage of a surge in its stock

June 15, 2021
Total Views: 6627

zim containership
Shipping

Deutsche Bank Set to Reap $1 Billion on Trader’s ZIM Bet

By Irene García Pérez and Luca Casiraghi (Bloomberg) — Mark Spehn couldn’t join billionaire Idan Ofer at his seaside villa north of Tel Aviv for a

June 15, 2021
Total Views: 2568

Monday, June 14, 2021
Cargo ship Guangdong Port
Ports

Yantian Port Problems Creating ‘Unprecedented’ Supply Chain Disruption

By Mike Wackett (The Loadstar) – Shippers are facing a perfect storm as the logistics industry has entered an “an era of unprecedented disruption”,

June 14, 2021
Total Views: 5887

A support vessel is seen next to a wind turbine at the Walney Extension offshore wind farm operated by Orsted off the coast of Blackpool, Britain
Offshore

Orsted Comes Up with Plan to Fix Damaged Wind-Power Cables on Sea Floor

By William Mathis (Bloomberg) — The world’s biggest developer of offshore wind farms has come up with a unique solution to a potentially expensive

June 14, 2021
Total Views: 3234

Out-of-Control Shipping Costs Fire Up Prices From Coffee to Toys
Shipping

Out-of-Control Shipping Costs Fire Up Prices From Coffee to Toys

By Alex Longley, Catherine Bosley and Deirdre Hipwell (Bloomberg) — The skyrocketing price of shipping goods across the globe may hit your

June 14, 2021
Total Views: 13424

Saturday, June 12, 2021
Sahand Destroyer. Photo: Iranian Army
Navy

Are Iranian Warships Smuggling Weapons To Venezuela?

By David Wainer (Bloomberg) The U.S. is closely tracking an Iranian navy transport ship headed for the Caribbean — possibly Venezuela — and is

June 12, 2021
Total Views: 6449

Friday, June 11, 2021
general cargo ship
Ports

China’s Buying So Much Corn Its Ports Are Clogging

By Bloomberg News (Bloomberg) — China’s embarked on a record corn-buying spree this year and some vessels have been delayed for as long as a month

June 11, 2021
Total Views: 8605

Ships Skip Singapore as China Congestion Snarls Supply Chain
Ports

Ships Skip Singapore as China Congestion Snarls Supply Chain

By Ann Koh (Bloomberg) — Delays from congestion at southern Chinese ports triggered by fresh Covid-19 outbreaks are rippling through global supply

June 11, 2021
Total Views: 3708

Thursday, June 10, 2021
shutterstock_403068616 tanker nigeria
Piracy

Nigeria Deploys Drones, Choppers to Combat Rampant Piracy at Sea

By William Clowes (Bloomberg) — Nigeria unveiled $195 million worth of boats, vehicles and aircraft to spearhead the government’s fight against piracy

June 10, 2021
Total Views: 2129

Wednesday, June 9, 2021
Handout photo of Prelude FLNG Facility with the Valencia Knutsen berthed side-by-side
Environment

Shell Agrees to Speed Up Emissions Cuts After Dutch Court Ruling

By Laura Hurst (Bloomberg) — Royal Dutch Shell Plc will accelerate its carbon-emission cuts following a Dutch court ruling last month that said the

June 9, 2021
Total Views: 2028

offshore wind farm under construction. DJ Mattaar / Shutterstock
Offshore

North Carolina Sets Big Goal for Offshore Wind

By Josh Saul (Bloomberg) — North Carolina set an ambitious goal to develop enough wind power generation to provide electricity for 2.3 million homes by

June 9, 2021
Total Views: 1344

Reality Check Awaits John Kerry and His Bid to Cut Carbon Emissions from Ships
Environment

Reality Check Awaits John Kerry and His Bid to Cut Carbon Emissions from Ships

By Jack Wittels (Bloomberg) — John Kerry wants to accelerate the decarbonization of the global shipping industry which spews more carbon dioxide into

June 9, 2021
Total Views: 2892

Tuesday, June 8, 2021
U.S. Maritime Regulator Sees Shipping Snarls Lasting to 2022
Ports

U.S. Maritime Regulator Sees Shipping Snarls Lasting to 2022

By Brendan Murray (Bloomberg) — The top U.S. maritime regulator said stretched global supply chains pushing ocean-freight rates to record highs may stay

June 8, 2021
Total Views: 2907

The Christophe de Margerie, an ice-class tanker fitted out to transport liquefied natural gas, is docked at the Yamal LNG facility in Arctic port of Sabetta, Yamalo-Nenets district, Russia March 30, 2017. REUTERS/Olesya Astakhova/File Photo
Shipping

Tanker Shortage Delays Russian Arctic LNG Shipments to Asia

By Dina Khrennikova and Olga Tanas (Bloomberg) — Russia’s largest liquefied natural gas producer plans to start shipments to Asia across the

June 8, 2021
Total Views: 1645

tanker at sea
Shipping

Traders Keep North Sea Crude on Tankers Despite Rally

By Sherry Su (Bloomberg) — Here’s something for oil bulls to chew on as Brent crude trades near $72: tankers are holding several million barrels of

June 8, 2021
Total Views: 1947

Monday, June 7, 2021
Containers are seen at the Yangshan Deep-Water Port in Shanghai.REUTERS/Aly Song
Shipping

China’s Trade Boom Continues in May

By Bloomberg News (Bloomberg) — China’s exports continued to surge in May, although at a slower pace than the previous month, fueled by strong global

June 7, 2021
Total Views: 957

x-press pearl
Accidents

Environmental Disaster Feared from X-Press Pearl Sinking

By Laura Millan Lombrana (Bloomberg) — Contaminants released from the wreckage of a container ship off the coast of Sri Lanka could be dragged

June 7, 2021
Total Views: 3918

Friday, June 4, 2021
Blackpool Ocean Wind Farm
Shipping

Offshore Wind Could Turn U.K. into Net Power Exporter to Europe in Five Years

By Rachel Morison (Bloomberg) — Britain could become a net exporter of electricity to Europe as soon as 2026, according to S&P Global Platts. The

June 4, 2021
Total Views: 2277

Wednesday, June 2, 2021
maersk ship
Environment

Maersk Calls for Carbon Tax on Ship Fuel

By Jack Wittels (Bloomberg) — The world’s largest container shipping line has called for a $150-a-ton carbon tax on shipping fuel that would drive

June 2, 2021
Total Views: 4517