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, March 30, 2021
ever given
Shipping

The Suez Canal Blockage Is Over. Time to Add Up the Damages

By Aaron Clark, Cindy Wang, Ann Koh and Verity Ratcliffe (Bloomberg) — The Suez Canal may be open again, but the battle over damages from the

March 30, 2021
Total Views: 6759

Monday, March 29, 2021
A wind turbine Dominion Energy’s two turbine Coastal Virginia Offshore Wind (CVOW) pilot project. Photo: Dominion Energy
Offshore

Biden Administration Announces Major Offshore Wind Expansion Plan

By Jennifer A. Dlouhy and Josh Saul (Bloomberg) — The Biden administration is outlining ambitions to dramatically boost offshore wind power in the U.S.

March 29, 2021
Total Views: 2164

Tanker Gang: Day Traders Cash In On Suez Blockage
Finance

Tanker Gang: Day Traders Cash In On Suez Blockage

By Stephen Stapczynski (Bloomberg) As soon as retail investor Calvin Froedge heard that a massive container vessel was stuck in the Suez Canal, he pulled his

March 29, 2021
Total Views: 13177

Sunday, March 28, 2021
MV Ever Given Partially Refloated in Suez; Ship Still Blocking Canal
Accidents

MV Ever Given Partially Refloated in Suez; Ship Still Blocking Canal

By Jack Wittels and Ann Koh (Bloomberg) — The giant container ship blocking the Suez Canal has been at least partially refloated, the first step

March 28, 2021
Total Views: 20199

suez canal disruption
Shipping

Global Economy Girds for Latest Supply Jolt in Suez Mess

By Brendan Murray and Bryce Baschuk (Bloomberg) – Six thousand miles from the Suez Canal in the U.S. Midwest, the chief executive of a multinational

March 28, 2021
Total Views: 4231

Saturday, March 27, 2021
ever given refloating
Shipping

Suez Canal Updates: More Vessels Diverted Around Africa, More Tugs Arriving

By Salma El Wardany, Mirette Magdy and Jack Wittels (Bloomberg) — Tugs working to refloat the Ever Given managed to shift the stricken container ship 29

March 27, 2021
Total Views: 6073

ever given satellite photo
Accidents

How a Desert Wind Blew $10 Billion of Global Trade Off Course

By K Oanh Ha, Javier Blas, Salma El Wardany and Mirette Magdy (Bloomberg) — The forecast for Tuesday, March 23, showed wind gusts of more than 40

March 27, 2021
Total Views: 10382

ever-given Suez stuck ship view from land
Accidents

Smit Bringing in Crane for Suez Box Removal

By Fred Pals , Lucia Kassai , and Alex Longley (Bloomberg) Smit, the salvage company battling to dislodge the ship that’s blocking the Suez Canal said a

March 27, 2021
Total Views: 21877

Friday, March 26, 2021
Sheep_Ship Livestock Carrier
Shipping News

Sheep Bake Aboard Ships Waiting For Suez Canal To Reopen

By Michael Hirtzer (Bloomberg) – Of all the millions of tons of cargo that’s piled up in the Suez Canal, none is more delicate than the animals

March 26, 2021
Total Views: 34521

Stranded container ship Ever Given, one of the world's largest container ships, is seen after it ran aground, in Suez Canal
Accidents

Suez Canal Blockage Impacts; Stern Partially Refloated- Updated

By Salma El Wardany and Mirette Magdy (Bloomberg) — The blockage of the Suez Canal is wreaking havoc on global seaborne trade, raising the prospects

March 26, 2021
Total Views: 17376

Thursday, March 25, 2021
Maersk Megaship Shipyard Build
Shipbuilding

Orders for Mega Containerships Rise Despite Suez Crisis

How big is too big? By Kyunghee Park (Bloomberg) A huge container ship blocking one of the world’s busiest waterways has done little to deter shipping

March 25, 2021
Total Views: 2430

Stranded container ship Ever Given, one of the world's largest container ships, is seen after it ran aground, in Suez Canal
Shipping

Blocked Suez Forces Ships to Look at Long Trip Around Africa

By Alex Longley and Christian Wienberg (Bloomberg) — A massive container ship blocking the Suez Canal showed no signs of budging for a third day,

March 25, 2021
Total Views: 6153

Ever Given Suez Backhoe
Grounding Incidents

Suez Canal Choked as Elite Salvage Team Tackles Stuck Ship

*Despite having three days to arrange travel, the salvage team is just starting to arrive in Egypt. *”The best chance for returning shipping to normal

March 25, 2021
Total Views: 21099

Suez-Canal Southern Entrance
Finance

The $9.6 Billion A Day Price Of A Suez Stuck Ship

By Aaron Clark (Bloomberg) –A back-of-the-envelope calculation shows there’s about $9.6 billion worth of daily marine traffic halted by the massive

March 25, 2021
Total Views: 22072

Stock photo shows an oil tanker at a terminal
Incidents

Tanker Owners Rejoice Then Oil Retreats After Suez Grounding Price Surge

By Sharon Cho (Bloomberg) Oil retreated as traders monitored efforts to dislodge a massive ship blocking the Suez Canal, after two wild days that saw prices

March 25, 2021
Total Views: 4597

Wednesday, March 24, 2021
Stranded container ship Ever Given, one of the world's largest container ships, is seen after it ran aground, in Suez Canal
Grounding Incidents

How To Remove A Ship Stuck In The Suez Canal

By Ann Koh and Alex Longley (Bloomberg) When you can’t shift a ship that’s stuck fast into the wall of a canal that’s vital to world trade, there’s

March 24, 2021
Total Views: 34008

Ever Given Suez Canal
Accidents

Grounded Mega Ship in Suez Canal Paralyzes Trade for Second Day

By Salma El Wardany, Mirette Magdy and Jack Wittels (Bloomberg) — Tugs and diggers have so far failed to dislodge a massive container ship stuck in the

March 24, 2021
Total Views: 39066

suez canal
Accidents

Suez Canal Blockage May Ripple Through Global Energy Market

By Serene Cheong, Annie Lee and Sharon Cho (Bloomberg) — The blockage of the Suez Canal by a giant container vessel is likely to send ripples of

March 24, 2021
Total Views: 4462

Tuesday, March 23, 2021
maersk tanker
Shipping

Maersk Can’t Get Enough Women to Chase Top Management Positions

By Christian Wienberg (Bloomberg) — The chairman of A.P. Moller-Maersk A/S, Jim Hagemann Snabe, says it’s proving difficult to get enough women to

March 23, 2021
Total Views: 8198

Port of Montreal
Ports

Worker Strike Looms at Port of Montreal

By Marcy Nicholson and Sandrine Rastello (Bloomberg) — The biggest port in Eastern Canada may be seeing disrupted shipments if dockworkers and their

March 23, 2021
Total Views: 2366