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.


Friday, November 27, 2020
World’s Biggest Wind Farm to Be Built Offshore U.K.
Environment

World’s Biggest Wind Farm to Be Built Offshore U.K.

By Lars Paulsson (Bloomberg) — The world’s biggest offshore wind park is a step closer to construction. The British utility SSE Plc and Norwegian

November 27, 2020
Total Views: 3605

ship emissions
Environment

Shipping Industry and Asian Nations Object to EU Pollution Plan

By Ewa Krukowska (Bloomberg) — Plans to extend the world’s biggest carbon market into shipping drew criticism from the industry and Asian nations,

November 27, 2020
Total Views: 3191

Wednesday, November 25, 2020
offshore wind farm
Environment

Tokyo Gas to Develop One of Japan’s Largest Offshore Wind Farms

By Aya Takada (Bloomberg) — Tokyo Gas Co. plans to develop one of Japan’s largest offshore wind projects as the nation looks to a major expansion of

November 25, 2020
Total Views: 1287

Tuesday, November 24, 2020
shipping container port
Ports

Container Crunch Means It Pays More to Sail Empty to Asia

By Ann Koh (Bloomberg) — Shipping carriers seeking to capitalize on the most lucrative trade routes are returning empty cargo containers to Asia,

November 24, 2020
Total Views: 4689

China Blacklist Strands More Than 50 Ships With Australian Coal
Shipping

China Blacklist Strands More Than 50 Ships With Australian Coal

By Aaron Clark and Kevin Varley (Bloomberg) — More than $500 million worth of Australian coal is on ships anchored off Chinese ports, as a diplomatic

November 24, 2020
Total Views: 4915

Sunday, November 22, 2020
Boatloads of Cargo Off Los Angeles Grind Gears of World Economy
Ports

Boatloads of Cargo Off Los Angeles Grind Gears of World Economy

By Brendan Murray (Bloomberg) — A flotilla of almost a dozen cargo vessels sits anchored just south of Los Angeles this weekend, waiting for berth

November 22, 2020
Total Views: 7417

Friday, November 20, 2020
port vancouver
Shipping

Canadian Pea and Lentil Exports Hit by Container Shortage

By Marcy Nicholson (Bloomberg) — A shortage of containers at Vancouver’s port is slowing Canada’s exports of lentils and peas, the latest ripple

November 20, 2020
Total Views: 2639

Wednesday, November 18, 2020
offshore wind
Offshore

Europe Seeks $940 Billion Boost for Giant Offshore Wind Farms

By Ewa Krukowska (Bloomberg) — The European Union wants a massive increase in offshore wind to help clean up the electricity industry and aid the

November 18, 2020
Total Views: 1755

Soeren Skou, CEO Maersk
Shipping

Maersk CEO Expects Biden Presidency to Smooth Trade Relations

By Christian Wienberg (Bloomberg) — The chief executive officer of the world’s biggest container shipping company says trade relations between

November 18, 2020
Total Views: 1455

cargo ship emissions
Environment

IMO Plan to Curb Shipping’s Carbon Emissions Triggers Criticism

By Jack Wittels and Jessica Shankleman (Bloomberg) — The organization responsible for setting global environmental standards for shipping approved rules

November 18, 2020
Total Views: 1658

Maersk ship
Shipping

Maersk Starts $1.6 Billion Share Buyback After Guidance Raised

By Christian Wienberg (Bloomberg) — A.P. Moller-Maersk A/S has launched a $1.6 billion share buyback program, as the world’s biggest container shipping

November 18, 2020
Total Views: 1503

Tuesday, November 17, 2020
maersk ship
Shipping

Maersk Raises Guidance Ahead of Earnings Release

By Alastair Reed (Bloomberg) –A.P. Moller-Maersk A/S raised its guidance for a second time since October as the world’s biggest container shipping

November 17, 2020
Total Views: 1845

offshore wind farm
Environment

Boris Johnson Seeks Boost for Northern England With Green Jobs Plan

By Tim Ross (Bloomberg) –Boris Johnson will seek to make good on his promise to boost the economies of neglected regions of the U.K. with investment in

November 17, 2020
Total Views: 723

Monday, November 16, 2020
container shipping
Shipping

Surprise Cargo Surge Could Surpass Last Year’s Holiday Period

By Richard Weiss and Christopher Jasper (Bloomberg) — Freight carriers including container shippers and cargo airlines say global demand is building

November 16, 2020
Total Views: 458

Friday, November 13, 2020
Iota Becomes 30th Named Storm in 2020’s Historic Hurricane Season
Shipping News

Iota Becomes 30th Named Storm in 2020’s Historic Hurricane Season

By Brian K. Sullivan (Bloomberg) –A system swirling across the central Caribbean has been named Tropical Storm Iota as it heads toward hurricane-ravaged

November 13, 2020
Total Views: 350

Oil tanker in Ningbo Zhoushan port
Shipping

China Oil Giant Unipec Eyes New Supertankers to Shrink Fuel Glut

By Sharon Cho, Elizabeth Low and Ann Koh (Bloomberg) –China’s biggest refiner is eyeing a creative strategy to help rid Asia of a persistent diesel

November 13, 2020
Total Views: 831

bulk carrier sunset
Shipping News

China-Australia Spat Strands 400 Seafarers as Crew Change Humanitarian Crisis Looms

By Aaron Clark, Rajesh Kumar Singh and Kevin Varley (Bloomberg) — An estimated 400 seafarers and roughly 2 million tons of coal are stuck on ships off

November 13, 2020
Total Views: 597

Thursday, November 12, 2020
hurricane zeta october 28
Offshore

Record Hurricane Season Deals Worst Blow to Gulf Oil Production in a Decade

By Sheela Tobben (Bloomberg) –It’s the year of the unprecedented and the hurricane season has been no exception. A record-breaking hurricane season

November 12, 2020
Total Views: 178

Stranded Coal Ships in Crosshairs of China-Australia Spat
Shipping News

Stranded Coal Ships in Crosshairs of China-Australia Spat

By Aaron Clark, Kevin Varley and Rajesh Kumar Singh (Bloomberg) — At least 20 giant bulk carriers are anchored off the Chinese port of Jingtang and

November 12, 2020
Total Views: 592

Wednesday, November 11, 2020
U.S. Targets Insurers In Latest Round of Nord Stream 2 Sanctions
Shipping News

U.S. Targets Insurers In Latest Round of Nord Stream 2 Sanctions

By Daniel Flatley and Dina Khrennikova (Bloomberg) –The U.S. is drawing up additional sanctions on the Nord Stream 2 natural gas pipeline project, the

November 11, 2020
Total Views: 245