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Tuesday, April 23, 2024
Shipping

China’s Ships Are Winning the Battle for Energy in South China Sea

By Philip Heijmans (Bloomberg) — This was supposed to be the year that Vietnam reaped the benefits from one of its largest natural gas

April 23, 2024
Total Views: 16152

Shipping

Second Egypt Wheat Ship Stuck in Russia Sails After 3-Week Wait

By Abdel Latif Wahba and Áine Quinn (Bloomberg) — An Egyptian wheat ship has been allowed to sail after waiting three weeks for the correct paperwork,

April 23, 2024
Total Views: 1640

Shipping

Oil Market Sees Iran Sanctions Having Muted Export Impact

(Bloomberg) — Legislation pushing Joe Biden to ratchet up sanctions on Iranian crude oil is on track to become law as early as this week. But don’t

April 23, 2024
Total Views: 560

Monday, April 22, 2024
Offshore

How a Turbine Put The Brakes on NY Offshore Wind Projects

(Bloomberg) — The fledgling US offshore wind industry took another blow Friday — but for a new reason: a desired turbine isn’t available. The absence

April 22, 2024
Total Views: 6361

Sunday, April 21, 2024
Shipping

Oil Supertankers Headed For China Jump To The Highest In A Year

By Bill Lehane (Bloomberg) –Supertankers hauling crude oil to China surged to the highest in almost a year. Some 124 of the vessels are signaling

April 21, 2024
Total Views: 7017

Shipping

Joe Lewis’ $250 Million Yacht Sets Sail After He Pays US Fine

By Ben Stupples and Ava Benny-Morrison (Bloomberg) –Joe Lewis’ superyacht is on the move again after spending most of the past year holed up in a

April 21, 2024
Total Views: 9841

Shipping

New Iran Oil Sanctions Passed By US House In Foreign Aid Package

By Ari Natter (Bloomberg) –The US House passed new sanctions on Iran’s oil sector set to become part of a foreign-aid package, putting the measure

April 21, 2024
Total Views: 1515

Friday, April 19, 2024
News

Firms in Fed’s Beige Book Fret Over Any Lengthy Baltimore Port Closure

(Bloomberg) — The closure of one of the East Coast’s busiest ports after the collapse of Baltimore’s Francis Scott Key Bridge has so far not led to

April 19, 2024
Total Views: 2267

Thursday, April 18, 2024
News

Iranian Ship Linked to Houthi Attacks Heads Home Amid Tensions

(Bloomberg) — An Iranian ship that’s been linked to Houthi attacks in the Red Sea is returning home, removing a prominent asset in the area as the

April 18, 2024
Total Views: 1683

Shipping

Pop-Up Russian Oil Traders Emerge As US Tightens Sanctions Grip

(Bloomberg) — As the US intensifies sanctions pressure on Moscow, Russia’s crude trade with India has begun to resemble a game of oil whack-a-mole.

April 18, 2024
Total Views: 626

Wednesday, April 17, 2024
Oil tanker Kerala, chartered by Chevron, is loaded in the Bajo Grande oil terminal at Maracaibo Lake, in the municipality of San Francisco, Venezuela, January 5, 2023. REUTERS/Isaac Urrutia
Shipping

US to Reimpose Venezuela Oil Ban Unless Maduro Acts Quickly

(Bloomberg) — President Joe Biden’s administration intends to reimpose oil sanctions on Venezuela, ending a six-month reprieve, if Nicolas Maduro’s

April 17, 2024
Total Views: 1683

An official slides down a rope during a helicopter raid on MSC Aries ship at sea in this screen grab obtained from a social media video released on April 13, 2024. Video obtained by Reuters/via REUTERS
Shipping

Seized Ship’s Cargo Reveals Impact of Iran Tensions on Global Trade

By Brendan Murray and Alex Tanzi (Bloomberg) — The MSC Aries wasn’t much different from the other 7,000 container ships plying the high seas, until it

April 17, 2024
Total Views: 10136

Tuesday, April 16, 2024
Offshore

BP Focuses on Familiar Turf in GoM as Rivals Push New Offshore Oil Frontiers

(Bloomberg) — For a company that made its name with frontier oil discoveries from Iran to Alaska, BP Plc is notably absent from today’s hottest new oil

April 16, 2024
Total Views: 1081

Sunday, April 14, 2024
Navy

Naval And Military Rearmament To Face New Threats Could Cost $10 Trillion

By Enda Curran, Natalia Drozdiak and Bhargavi Sakthivel (Bloomberg) A new era of global rearmament is gathering pace, and it will mean vast costs and some

April 14, 2024
Total Views: 2809

News

Ukraine War Enters New Phase With Oil In The Crosshairs

By Daryna Krasnolutska (Bloomberg) Russia and Ukraine may have struggled to shift things significantly on the battlefield for more than 16 months, but a new

April 14, 2024
Total Views: 2279

Saturday, April 13, 2024
Shipping

Shippers In Baltimore Disaster Face ‘General Average,’ MSC Says

By Brendan Murray Apr 13, 2024 (Bloomberg) –The owner of the ship that destroyed Baltimore’s Francis Scott Key Bridge has started a formal process

April 13, 2024
Total Views: 7351

Friday, April 12, 2024
Defense

Worker Shortage Hobbles Construction of U.S. Navy Frigates

By Tony Capaccio (Bloomberg) — The shipyard producing the US Navy’s new frigate has been hobbled by a failure to “achieve engineering and skilled

April 12, 2024
Total Views: 4821

Thursday, April 11, 2024
News

Petrobras Offshore Spending Spree Fuels Rally in Oil-Rig Bonds

(Bloomberg) — Constellation Oil Services Holding SA’s bondholders are reaping a windfall due to increased demand for the company’s offshore rigs from

April 11, 2024
Total Views: 418

Defense

U.S. Ramps Up Ties With Japan, Philippines to Counter China at Sea

By Michelle Jamrisko and Yoshiaki Nohara (Bloomberg) — US President Joe Biden is set to unveil joint military patrols and training with the Philippines

April 11, 2024
Total Views: 544

Wednesday, April 10, 2024
Shipping

MSC Disputes ‘Excessive’ Fine for Alleged Shipping Act Violations

By Brendan Murray (Bloomberg) — The world’s largest container carrier will push back against a proposed US government fine that would rank among the

April 10, 2024
Total Views: 2546