Bloomberg

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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: 2613

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: 2593

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: 1006

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: 2355

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: 850

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: 7201

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: 1508

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: 4049

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: 2067

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: 762

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: 1283

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: 3944

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: 3308

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: 2479

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: 1386

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: 937

norway fish farm
Fishing

Norwegian Billionaire Pushes Salmon Production Into New Offshore Waters

By Stephen Treloar (Bloomberg) — Billionaire Kjell Inge Rokke’s Aker ASA and SalMar ASA will create an offshore fish farming company to open new waters for producing salmon. Aker will contribute...

August 26, 2021
Total Views: 2403

shipping container port
News

World’s Supply Chain Problem Keeps Getting Worse

By Cindy Wang (Bloomberg) A supply chain crunch that was meant to be temporary now looks like it will last well into next year as the surging delta variant upends...

August 26, 2021
Total Views: 3026

Wednesday, August 25, 2021
shipping container
Shipping

New York Shipping Exchange Raises Cash to Expand Contracts

By Clara Hernanz Lizarraga and Ivan Levingston (Bloomberg) — The New York Shipping Exchange, founded in 2015 by a former industry executive to make the container shipping market more efficient, is...

August 25, 2021
Total Views: 561

port in Ningbo, Zhejiang
Ports

China Reopens Terminal at World’s Third-Busiest Port

By Bloomberg News (Bloomberg) — The Meishan terminal at China’s second-busiest port reopened Wednesday following a two-week shutdown that further snarled already stressed shipping routes in Asia.  The terminal will start...

August 25, 2021
Total Views: 776