Surging Tanker Rates Signal a Deepening Global Energy Crisis
Global tanker freight rates are surging to record levels with little respite in sight, a sign of the growing strain in oil markets as traders, shipowners,
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.
Global tanker freight rates are surging to record levels with little respite in sight, a sign of the growing strain in oil markets as traders, shipowners,
By Laura Curtis (Bloomberg) — A Southern California startup with plans to deploy floating nuclear power plants may be one step closer to providing
The armed conflicts, trade wars, and extreme weather events hammering maritime supply chains are not one-offs, but rather signs of a “structural shift” for
Suez Canal revenue rose 42% in July from the year earlier, as the Iran war’s effective closure of the Strait of Hormuz and Houthi threats in the southern Red
Oil tanker company Hunter Group ASA says it’s owed $55 million by a counterparty that’s disputing its contractual obligations after a surge in the
European natural gas prices hit a fresh three-year high as traders race to fill fuel storage facilities ahead of winter, while awaiting details of an Iran-Oman
For decades, China’s maritime pressure on Taiwan centered on the major shipping strait separating the two neighbors. Now, Beijing is piling unprecedented
By Andreo Calonzo Sep 6, 2026 (Bloomberg) –For decades, China’s maritime pressure on Taiwan centered on the major shipping strait separating the
By Jennifer A. Dlouhy and María Paula Mijares Torres Sep 6, 2026 (Bloomberg) –US Navy escorts that are helping tankers cross the Strait of Hormuz
By Eltaf Najafizada and Weilun Soon Sep 6, 2026 (Bloomberg) –Iran said it targeted three oil tankers using an unauthorized route through the Strait
The US and Iran have intensified tit-for-tat military strikes in recent days, remaining locked between ceasefire and all-out war as the White House struggles
South Korea has begun preparations for a possible deployment of a naval support ship and troops to the Strait of Hormuz, local media reports said, as President
Ukraine attacked a small service ship involved in planned repair works at the key CPC oil terminal in the Black Sea, a person with knowledge of the matter
A key measure of bulk-shipping rates has touched a two-year high and risks climbing further, according to analysts, as bad weather crimps the availability of
The head of Japanese shipping company Mitsui OSK Lines Ltd. expects disruption in the Strait of Hormuz to last longer than previously assumed, with recent
Saudi Arabia’s observed crude exports last month slumped to the lowest in at least nine years, as tankers were attacked following rising tensions in the
Russia has almost doubled the fleet of tankers ferrying liquefied natural gas from its US-sanctioned Arctic project in less than a year, as the country pushes
By Alex Longley and Archie Hunter (Bloomberg) — The world’s oil supertankers are making unprecedented sums sailing from the Persian Gulf as Iran keeps
The US and Iran exchanged strikes for the first time in about a month as American forces hit Iranian rocket launchers and the Islamic Republic responded by
By Baris Balci Aug 30, 2026 (Bloomberg) — At least six people died after a high-speed ferry carrying about 267 capsized while sailing from Kyrenia in
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up