Bloomberg

Bloomberg is an international news agency headquartered in New York. gCaptain is a content partner.


Saturday, September 4, 2021
Port of New Orleans
Maritime News

Days After Ida, Storm’s True Impact on Energy Sector Emerges

By David Wethe and Sheela Tobben (Bloomberg) — Five days after Hurricane Ida slammed into Louisiana, the true damage to the region’s energy infrastructure is only now starting to come to...

September 4, 2021
Total Views: 1661

offshore spar
Offshore

Pemex Can’t Afford to Develop the Oil Field It Fought to Control

By Amy Stillman (Bloomberg)–Petroleos Mexicanos fought tooth and nail to wrest control of the country’s biggest private oil find from the companies that discovered it. Now it has found itself without...

September 4, 2021
Total Views: 1546

Thursday, September 2, 2021
News

Legislation Moves Forward To Block Oil Drilling In Most U.S. Waters

By Jennifer A. Dlouhy (Bloomberg) — Legislation to block oil drilling in most U.S. waters and Alaska’s Arctic National Wildlife Refuge edged closer to passage Thursday, as the House Natural Resources...

September 2, 2021
Total Views: 2812

IMO greenhouse gas emissions
Environment

EU Report Shows Scale Of Shipping’s Harm On Environment

(Bloomberg) –Europe’s first environmental impact assessment for the shipping industry shows the challenge it faces in reaching the goal of climate neutrality by the middle of the century. The maritime...

September 2, 2021
Total Views: 1047

Wednesday, September 1, 2021
Ports

Corn Crashes as Hurricane Ida Devastates Busiest U.S. Export Hub

(Bloomberg) –Corn prices in Chicago sank to a seven-week low as broken grain elevators and power outages in the U.S.’s busiest agricultural port raised concerns about grain supplies with nowhere...

September 1, 2021
Total Views: 2605

Tuesday, August 31, 2021
Pusan Newport Container-ship Terminal in Busan
Shipping

Dollar Tree Suffers A Freighter Delay of Two Months For A Single Covid Case

(Bloomberg) — Shipping costs and lag times are wreaking havoc on profit margins at Dollar Tree Inc., which relies on a steady volume of cheap goods to make money at...

August 31, 2021
Total Views: 2588

mississippi river shipping
Ports

Hurricane Ida Threatens U.S. Grain Exports If Disruptions Linger

(Bloomberg) —Hurricane Ida is shaking up grain exports in the U.S.’s busiest agricultural port, a problem that could balloon as the nation approaches its peak harvest season in the coming...

August 31, 2021
Total Views: 1004

Ship Design

First Autonomous Cargo Ship Faces Test With 236-Mile Voyage

By River Davis and Tsuyoshi Inajima (Bloomberg) — In just two decades from now, half of all domestic ships plying Japan’s coastal waters may be piloting themselves.  That’s the ambitious goal...

August 31, 2021
Total Views: 2343

Monday, August 30, 2021
Finance

Oil Edges Up as U.S. Gulf Producers Assess Damage After Ida

By Sheela Tobben (Bloomberg) –Oil closed modestly higher Monday in New York as offshore explorers assess damage from Hurricane Ida and investors shift focus to an OPEC+ meeting that could see...

August 30, 2021
Total Views: 848

Shipping

One Stuck Box of Fertilizer Shows the Global Supply Chain Crisis

By Ann KohAug (Bloomberg) — Somewhere in the world’s busiest port of Shanghai, a container of fertilizer sits among tens of thousands of boxes, waiting for a ride to the U.S....

August 30, 2021
Total Views: 7164

Ports

Ships Are Diverting From The Mississippi River To Avoid Hurricane Ida’s Wrath

By Ann Koh (Bloomberg) — The port of New Orleans has halted container terminal and break-bulk operations as Hurricane Ida lashes the Louisiana coast with torrential rain and heavy winds. New...

August 30, 2021
Total Views: 1504

Sunday, August 29, 2021
mississippi shipping
Weather

Mississippi River Is Flowing In Reverse As Ida Pushes Inland

By Sergio Chapa (Bloomberg) — The Mississippi River is flowing in reverse in southeastern Louisiana as Hurricane Ida forces vast volumes of sea water ashore, according to flood-control authorities. At least...

August 29, 2021
Total Views: 4039

cargo ships in rio de janeiro
Ports

Beef Accumulating In Ports Due To Lack of Refrigerated Containers

By Ken Parks (Bloomberg) –Global shipping disruptions and drought-stricken rivers in the heart of South America threaten to pinch meat exports from two major beef-producing nations as rising food prices stoke...

August 29, 2021
Total Views: 2061

Arrival Time of Tropical-Storm-Force Winds
Weather

Hurricane Ida Gains Power Rapidly

By Brian K. Sullivan— (Bloomberg) –Hurricane Ida gained power rapidly Sunday as it crossed the Gulf of Mexico on its way to smashing into Louisiana, with New Orleans and the coast...

August 29, 2021
Total Views: 761

Saturday, August 28, 2021
Coffee Splashing
Shipping

Dire Shortage Of Containers Amid Other Setbacks Are Impacting Coffee Supplies

By Mai Ngoc Chau (Bloomberg)–World coffee supplies are suffering a fresh setback from stringent travel curbs imposed in second-biggest grower Vietnam to control the worsening spread of the infectious delta variant...

August 28, 2021
Total Views: 1282

port of los angeles and long beach
Ports

Record Volumes And Difficulties For Container Ports On U.S. Coasts

By Brendan Murray(Bloomberg) –The number of ships waiting to enter the biggest U.S. gateway for trade with Asia reached the highest since the pandemic began, exacerbating delays for companies trying to...

August 28, 2021
Total Views: 3921

Friday, August 27, 2021
Candela-Seven-in-Reuters-2048x1173.png
Ship Design

Battery-Powered Speedboat Looking To Become The Tesla Of The Sea

Niclas Rolander (Bloomberg) Sweden’s Candela Speed Boat AB is challenging the conventional combustion-engine leisure-craft industry with a new battery-powered speedboat, betting that flight can solve the main hurdle to marine...

August 27, 2021
Total Views: 3293

Hurricane Ida
Weather

Ida Is Now Forecasted To Be Major Hurricane

By Josh Saul (Bloomberg) Tropical Storm Ida is intensifying into a major hurricane headed toward New Orleans just as Louisiana and surrounding states buckle under rising Covid-19 infections and hospitalizations. Louisiana...

August 27, 2021
Total Views: 2477

Fire Incidents

Pemex Uses Nitrogen In Hopes To Resume Oil Output After Major Fire

By Amy Stillman (Bloomberg) Petroleos Mexicanos is resorting to nitrogen injections into offshore oil wells to quickly restore output following a major platform fire, a measure that could create complications down...

August 27, 2021
Total Views: 1379

Thursday, August 26, 2021
ningbo port congestion
Ports

A Week at Least for World’s Third-Busiest Port to Return to Normal

By Kyunghee Park (Bloomberg) — Operations at China’s Meishan terminal in the world’s third-busiest container port will take at least a week to return to normal, according to Rahul Kapoor, vice...

August 26, 2021
Total Views: 933