Bloomberg

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Thursday, August 1, 2019
bow of a dry bulk carrier at anchor
Shipping News

Baltic Dry Index Falls for Eighth Session

Aug 1 (Reuters) – The Baltic Exchange’s main sea freight index fell for an eighth straight session on Thursday, as increased vessel supply and

August 1, 2019
Total Views: 37

People's Liberation Arm frigate
Defense

Chinese Warship Collided With Taiwan Freighter, Coast Guard Says

By Adela Lin (Bloomberg) –A Chinese warship collided with a Taiwanese freighter Wednesday evening, damaging the bulk carrier, Taiwan’s Coast Guard

August 1, 2019
Total Views: 98

Wednesday, July 31, 2019
oil tanker
Shipping News

Tankers Perform Vanishing Act in Hormuz as Tensions Escalate

By Brian Wingfield and Julian Lee (Bloomberg) –Oil tanker owners are finding a way to reduce the risks of navigating the Strait of Hormuz, the world’s

July 31, 2019
Total Views: 80

gerald r ford aircraft carrier
Shipping News

USS Ford Munitions Elevators Miss Another Deadline in Latest Setback

By Tony Capaccio (Bloomberg) –Only two of 11 elevators needed to lift munitions to the deck of the U.S. Navy’s new $13 billion aircraft carrier have

July 31, 2019
Total Views: 239

Tuesday, July 30, 2019
strait of hormuz
Shipping News

Opinion: Europe, U.S. Must Unite Against Iran’s Maritime Misadventures

By The Editors (Bloomberg Opinion) — European nations, alarmed by Iran’s capture of a British oil tanker, are mounting a response to protect their

July 30, 2019
Total Views: 37

Friday, July 26, 2019
A boat of Iranian Revolutionary Guard sails next to Stena Impero, a British-flagged vessel owned by Stena Bulk, at Bandar Abbas port
Shipping News

Iran, Ukraine, North Korea Show Ship Seizures Are the New Normal

By Leonid Bershidsky (Bloomberg Opinion) –The seizure of a number of ships in recent months tells an uncomfortable story. In today’s multi-polar world,

July 26, 2019
Total Views: 31

Thursday, July 25, 2019
grace 1 tanker
Shipping News

Opinion: Britain Should Not Reward Iran’s Hostage-Taking

(Bloomberg Opinion) –Confronting the first crisis of his premiership, Boris Johnson must decide what to do about the Stena Impero, the British oil tanker

July 25, 2019
Total Views: 50

Wednesday, July 24, 2019
Stock photo shows an oil tanker at a terminal
Shipping News

U.S. Sanctions China State Oil Trader for Iran Crude Violation

By Serene Cheong and Alfred Cang (Bloomberg) –The U.S. has sanctioned a Chinese state oil trader for violating restrictions on Iranian crude, an attempt

July 24, 2019
Total Views: 54

Drewry Sees DP World’s Traffic Jarred by Politics, Rival Port
Ports

Drewry Sees DP World’s Traffic Jarred by Politics, Rival Port

By Verity Ratcliffe (Bloomberg) –U.S. sanctions against Iran and competition from Abu Dhabi are reducing traffic at DP World Plc’s home ports in

July 24, 2019
Total Views: 123

Tuesday, July 23, 2019
Oil tankers pass through the Strait of Hormuz
Shipping News

Europeans Plan Naval Mission to Protect Ships in Persian Gulf

By Alex Morales and Robert Hutton (Bloomberg) –European governments will assemble a naval mission to provide safe passage for ships through the Persian

July 23, 2019
Total Views: 26

Monday, July 22, 2019
stena impero seized by iran
Shipping News

Iran’s Tanker Seizure Sparks Questions Over Owners and Flags

(Bloomberg) –Escalating tensions in the Middle East’s biggest shipping chokepoint is raising speculation over who is responsible for tankers ensnared

July 22, 2019
Total Views: 53

oil tanker
Shipping News

Provoking Iran Over Tanker Can Blow a Hole in Global Oil Flows

By Julian Lee (Bloomberg Opinion) –The capture of the Stena Impero shows just how easy it is for Iran to hamper shipping through the Strait of Hormuz. At

July 22, 2019
Total Views: 50

Stock photo of a tanker at sea
Shipping News

Millions of Barrels of Iran Oil Are Sitting in China’s Ports

By Bloomberg News (Bloomberg) –Tankers are offloading millions of barrels of Iranian oil into storage tanks at Chinese ports, creating a hoard of crude

July 22, 2019
Total Views: 56

Friday, July 19, 2019
The Stena Impero, a British-flagged vessel owned by Stena Bulk
Interesting

Iranian Forces Seize Two U.K.-Linked Tankers as Tensions Soar

By Golnar Motevalli, Nick Wadhams and Tim Ross (Bloomberg) –Iran’s Revolutionary Guard Corps seized a British oil tanker and a Liberian-flagged ship in

July 19, 2019
Total Views: 76

president trump
Maritime Security Incidents

Trump Will Work With U.K. On Stena Impero Response

by Josh Wingrove (Bloomberg) President Donald Trump said he will work with the U.K. government on a response to Iran’s seizure of a British oil tanker

July 19, 2019
Total Views: 156

STENA_IMPERO
Maritime Security Incidents

Oil Jumps as Tanker Seizure Escalates Tensions With Iran

By Harkiran Dhillon (Bloomberg) Oil climbed after Iran’s Revolutionary Guard Corp said it seized a British-flagged tanker in the Strait of Hormuz, raising

July 19, 2019
Total Views: 76

deepwater wind block island wind farm
Shipping News

New York Signs America’s Biggest-Ever Offshore Wind Deals

By Will Wade and Millicent Dent (Bloomberg) –New York has signed the biggest-ever deals for offshore wind power in U.S. history, a key part of the

July 19, 2019
Total Views: 68

Wednesday, July 17, 2019
Oil tankers pass through the Strait of Hormuz
Shipping News

Iran Says it Could Close Strait of Hormuz, But Doesn’t Want To

By David Marino (Bloomberg) –Iran is capable of shutting the Strait of Hormuz — a crucial choke-point for oil flows — but doesn’t want to

July 17, 2019
Total Views: 27

offshore rigs Mobile offshore drilling units stand in the Port of Cromarty Firth in Cromarty, U.K.
Offshore

Fast and Lean: How North Sea Oil Is Taking Tips From U.S. Shale

By Eddie Spence (Bloomberg) –The U.S. oil boom changed the petroleum industry forever. Now its philosophy is being adopted by conventional producers in

July 17, 2019
Total Views: 87

scrubber installation
Shipping News

Weaker Scrubber Demand Takes Shine Off Alfa Laval’s Results

STOCKHOLM, July 17 (Reuters) – Sweden’s Alfa Laval reported a fall in quarterly orders on Wednesday on weaker-than-expected demand for ship exhaust

July 17, 2019
Total Views: 70