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Sunday, June 9, 2024
Defense

Philippines Rejects ‘Absurd’ Beijing Demand Over South China Sea

By Manolo Serapio Jr. (Bloomberg) –The Philippines said it will continue to maintain and supply its South China Sea outposts without seeking

June 9, 2024
Total Views: 4243

Saturday, June 8, 2024
The 77th Cannes Film Festival - The Croisette. REUTERS/Clodagh Kilcoyne
Shipping

As Superyachts’ Popularity Grows, So Is Their Supersized Climate Impact

By Jessica Nix (Bloomberg) –Superyachts are the ultimate status symbol for royal families, oligarchs and billionaires from Jeff Bezos to Bernard

June 8, 2024
Total Views: 2278

Shipping

Finland Wants EU Oil-Spill Vessel To Counter Shadow Fleet Risks

By Leo Laikola (Bloomberg) –Finland called for the European Union to procure a vessel to be on standby for oil spills in the northern parts of the

June 8, 2024
Total Views: 1065

Friday, June 7, 2024
Ports

Cape Town Tells Port to Do Better After Being Ranked Last in World

By Paul Burkhardt (Bloomberg) — The Port of Cape Town was urged to do better by the city that surrounds it after ranking last globally, even as South

June 7, 2024
Total Views: 3073

Shipping

Are Geopolitical Conflicts Push Shipping Towards a Golden Era?

(Bloomberg) — If there was a universal theme at the parties, presentations and meetings in the world’s shipping capital Athens this week, it’s that

June 7, 2024
Total Views: 1299

Thursday, June 6, 2024
U.S. Seeks to Up Pressure on Houthis in Threat to Yemen-War Truce
News

U.S. Seeks to Up Pressure on Houthis in Threat to Yemen-War Truce

(Bloomberg) — The US and its allies are raising the stakes in their struggle to curb ship attacks by Houthi militants in the Red Sea by increasingly

June 6, 2024
Total Views: 1021

Wednesday, June 5, 2024
Shipping

Russia Oil Revenue Rise as Nation Adapts to Sanctions

(Bloomberg) — Russia’s oil proceeds to the state budget increased almost 50% in May from a year ago, as its crude prices rose and the nation adapted to

June 5, 2024
Total Views: 1075

Tuesday, June 4, 2024
Shipping

Maersk Sees Deeper Impact to World Trade From Red Sea Disruption

By Christian Wienberg (Bloomberg) — A.P. Moller-Maersk A/S, a bellwether for global trade, said the world’s supply lines are more impacted than

June 4, 2024
Total Views: 2939

Monday, June 3, 2024
Shipping

Russian Oil Finds New Site for Ship-to-Ship Transfers

(Bloomberg) — Under pressure from Greece’s navy, traders of Russian oil have found a new place to switch cargoes of crude in the Mediterranean sea, a

June 3, 2024
Total Views: 5569

Shipping

Swirling Global Uncertainties Make It a Great Time to Be a Greek Shipowner

(Bloomberg) — Sandwiched between the world’s great global powers in a time of deepening global tensions, Greek shipowners are still finding a way to

June 3, 2024
Total Views: 761

Sunday, June 2, 2024
Shipping

Ships Diverted From Red Sea Send Ripple Effects Across The Globe

By Brendan Murray Jun 2, 2024 (Bloomberg) –Never has it been so cheap to inflict a world of economic pain. That stark point was underscored last

June 2, 2024
Total Views: 4503

US Defense Secretary Lloyd Austin leaves after a US-China bilateral meeting on the sidelines of the Shangri-La Dialogue in Singapore. REUTERS/Idrees Ali
Defense

Conflicting US-China Defense Strategies Dominate Singapore Forum

By Philip J. Heijmans, Peter Martin and Josh Xiao Jun 2, 2024 (Bloomberg) –Global defense leaders descending on Singapore this weekend confronted

June 2, 2024
Total Views: 1003

Saturday, June 1, 2024
Navy

Here’s Why the US Navy Needs More Virginia-Class Submarines Now

by Admiral James Stavridis (Bloomberg Opinion) My first job after graduating from the US Naval Academy in the late 1970s was as the anti-submarine warfare

June 1, 2024
Total Views: 11258

Friday, May 31, 2024
A fighter jet is launched from the U.S. Navy aircraft carrier USS Dwight D. Eisenhower against what they describe as Houthi military targets in Yemen. Handout via REUTERS.
News

Houthis Say US and UK Carried Out Deadliest Strike Yet on Yemen

(Bloomberg) — Houthi militants said the US and UK killed at least 16 people with airstrikes on Yemen on Thursday, in the deadliest assault on the group

May 31, 2024
Total Views: 3516

Marine Weather

Gulf of Mexico is August-Level Hot as Hurricane Season Nears

(Bloomberg) — Water temperatures across the Gulf of Mexico have reached or exceeded levels usually found in August when the region is at its

May 31, 2024
Total Views: 4066

Thursday, May 30, 2024
Defense

U.S. Navy ‘Botched’ Design Oversight of $22 Billion Frigate, GAO Report Finds

By Tony Capaccio (Bloomberg) — The US Navy mishandled oversight of a $22 billion frigate program to replace the much-criticized and more vulnerable

May 30, 2024
Total Views: 2387

Wednesday, May 29, 2024
Shipping

The $10,000 Shipping Container Looms in Latest Trade Strains

Companies transporting goods from Asia face costs of as much $10,000 for an urgent full-size shipping container over the next month — about double current

May 29, 2024
Total Views: 5283

The Kozmino oil port in eastern Russia
News

EU Weighs Proposal to Sanction Russian Oil Tanker Insurer Ingosstrakh

(Bloomberg) — The European Union’s executive arm is examining the feasibility of a proposal by one of its member states to sanction Russia’s

May 29, 2024
Total Views: 830

Tuesday, May 28, 2024
Shipping

Tankers Sit Offshore UK in Sign of Weak Demand

By Sherry Su (Bloomberg) — Three tankers carrying North Sea Forties crude have been floating off European shores for more than two weeks without

May 28, 2024
Total Views: 7899

Aerial top view of a containership at port. Stock Photo: Shutterstock/Avigator Fortuner
Shipping

Freight Rate Surge Recalls Covid ‘Chaos’

(Bloomberg) — Global goods trade is showing signs of accelerating after last year’s slump, pushing up shipping rates and giving some supply-chain

May 28, 2024
Total Views: 4651