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, October 7, 2020
NYC ferry
Shipping News

NYC Ferry’s Hornblower Taps Niagara Falls Assets for Cash

By Claire Boston and Katherine Doherty (Bloomberg) –The operator of the cash-strapped NYC Ferry system has lined up $90 million of financing to help keep

October 7, 2020
Total Views: 363

Tuesday, October 6, 2020
Dudgeon offshore wind farm
Environment

Boris Johnson’s Offshore Wind Plan Will Require $58 Billion from Industry

By William Mathis (Bloomberg) — Boris Johnson’s plan to quadruple the size of the U.K. offshore wind industry will require $58 billion of investment

October 6, 2020
Total Views: 148

offshore drillship
Shipping News

Transocean’s Plan to Avoid Bankruptcy May Cause One Just the Same

By Allison McNeely (Bloomberg) — Measures taken by Transocean Ltd. to stave off a bankruptcy filing could be exactly what ends up sending the offshore

October 6, 2020
Total Views: 190

Monday, October 5, 2020
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
Environment

Boris Johnson to Announce Major Expansion of U.K.’s Offshore Wind Capacity

By Thomas Penny and Jessica Shankleman (Bloomberg) — Boris Johnson will commit to boosting U.K. offshore wind power as part of his delayed plan for a

October 5, 2020
Total Views: 107

offshore wind farm
Environment

Orsted Offshore Wind Farm to Power Green Ammonia Plant for Fertilizer

By William Mathis (Bloomberg) — Orsted A/S, the world’s biggest developer of offshore wind farms, plans to use its latest Dutch installation to make

October 5, 2020
Total Views: 148

Thursday, October 1, 2020
cargo ships underway
Shipping News

Global Shipping Hit by Back-to-Back Cyber Attacks Heading Into Peak Season

By Brendan Murray (Bloomberg) — The global shipping industry sustained a second cyber attack within a week that’s raising concern about disruptions to

October 1, 2020
Total Views: 165

Ship Operating Costs Rise During Crew Change Crisis
Shipping News

Ship Operating Costs Rise During Crew Change Crisis

By Krystal Chia (Bloomberg) — Shipowners are facing rising labor costs as widespread Covid-related restrictions limit movement of seafarers and make crew

October 1, 2020
Total Views: 257

Wednesday, September 30, 2020
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
Environment

U.K. Plans to Create Offshore Grid to Connect Wind Farms

By Rachel Morison (Bloomberg) –National Grid Plc outlined a plan for an offshore grid that will link new wind parks and interconnectors, saving consumers

September 30, 2020
Total Views: 167

Tuesday, September 29, 2020
Virus Cases Rise on Ship Stranded Off World’s Key Iron Ore Hub
Shipping News

Virus Cases Rise on Ship Stranded Off World’s Key Iron Ore Hub

By David Stringer and Krystal Chia (Bloomberg) — Authorities in Australia are contending with a rising number of coronavirus cases among the crew of a

September 29, 2020
Total Views: 72

bulk ship
Shipping News

Bulker Earnings Surge on China Infrastructure Investment

By Firat Kayakiran (Bloomberg) –Ships that transport coal and iron ore to China are seeing a surge in earnings as the nation’s demand for commodities

September 29, 2020
Total Views: 51

Monday, September 28, 2020
offshore wind farm under construction. DJ Mattaar / Shutterstock
Shipping News

Trump’s Offshore Oil Ban to Halt Coastal Wind Farms Too

By Jennifer A. Dlouhy (Bloomberg) –President Donald Trump’s decision to rule out energy development along the coasts of Florida, Georgia and the

September 28, 2020
Total Views: 153

Sunday, September 27, 2020
Norway Warns of Forgotten Victims of Covid – Seafarers
Shipping News

Norway Warns of Forgotten Victims of Covid – Seafarers

By Lars Erik Taraldsen (Bloomberg) — Norway’s Prime Minister Erna Solberg warned of a humanitarian and trade crisis if the roughly 800,000 seafarers

September 27, 2020
Total Views: 70

Thursday, September 24, 2020
port of los angeles
Shipping News

American Home Shopping Boom Buoys Shipping Lines Across the Pacific

By Kyunghee Park (Bloomberg) — An online home shopping boom in the U.S. has sent transpacific sea freight rates to the highest on record, helping the

September 24, 2020
Total Views: 79

For Carnival, ‘Death on the High Seas Act’ Protects the Bottom Line
Cruise Ships

For Carnival, ‘Death on the High Seas Act’ Protects the Bottom Line

By Christopher Yasiejko (Bloomberg) –Carnival Corp. is poised to dramatically curb monetary damages for passengers killed by the coronavirus under the

September 24, 2020
Total Views: 175

Wednesday, September 23, 2020
cargo ship
Shipping News

Consumer Giants Urge Governments to End Shipping’s Crew Change Crisis

By K. Oanh Ha (Bloomberg) –Unilever Plc and Procter & Gamble Co. are among consumer companies urging world leaders to resolve the plight of more than

September 23, 2020
Total Views: 101

Tuesday, September 22, 2020
Venezuela and Iran Buck U.S. Sanctions Again to Export Crude
Shipping News

Venezuela and Iran Buck U.S. Sanctions Again to Export Crude

By Lucia Kassai (Bloomberg) — After defying U.S. sanctions by shipping a cargo of oil condensate to Venezuela just last week, Iran is using the same ship

September 22, 2020
Total Views: 79

port of los angeles
Shipping News

Full Steam Ahead for U.S. Commerce Means Vital Economic Support

By Vince Golle (Bloomberg) — America’s network for moving goods into and around the country is the busiest in years after being throttled by the

September 22, 2020
Total Views: 69

Friday, September 18, 2020
offshore helicopter s-92
Shipping News

U.S. Seeks Stricter Funding Rules for Abandoned Offshore Oil Wells

By David Wethe and Jennifer A. Dlouhy (Bloomberg) –The U.S. is looking to tighten requirements on bonds issued by a growing number of bankrupt oil

September 18, 2020
Total Views: 780

Thursday, September 17, 2020
Named Storm Landfalls in the U.S. this Year Are One Shy of 1916 Record
Shipping News

Named Storm Landfalls in the U.S. this Year Are One Shy of 1916 Record

By Will Wade (Bloomberg) –Hurricane Sally’s historic flooding of Florida and Alabama this week marked the eighth named storm to strike the continental

September 17, 2020
Total Views: 40

Wednesday, September 16, 2020
offshore wind farm
Offshore

Oil Billionaire Says It’s Time to Move Focus to Renewables

By Mikael Holter (Bloomberg) — Norwegian billionaire Kjell Inge Rokke, who built most of his fortune on oil and gas, says the time has come to start

September 16, 2020
Total Views: 145