Bloomberg

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.


Saturday, September 7, 2024
German Chancellor Olaf Scholz visits the luxury shipbuilder Meyer Werft in Papenburg.REUTERS/Carmen Jaspersen
Cruise Ships

Germany Agrees To Rescue Cruise Ship Builder Meyer Werft

By Kamil Kowalcze Sep 6, 2024 (Bloomberg) –Germany hammered out a deal that offers a potential lifeline for struggling shipbuilder Meyer Werft GmbH,

September 7, 2024
Total Views: 8626

Barges make their way down the Mississippi River, where the water levels have reached historically record lows in Memphis, Tennessee, U.S. October 23, 2022. Photo REUTERS/Karen Pulfer Focht
Shipping

Drought Shrivels The Mississippi River And Threatens To Disrupt US Food Exports

By Brian K. Sullivan and Tarso Veloso Sep 7, 2024 (Bloomberg) —Drought across the central US is shrinking the Mississippi River, sending barge rates

September 7, 2024
Total Views: 2033

Friday, September 6, 2024
lng tanker grand aniva
Shipping

Egypt Seeks Rare LNG Cargoes for Winter, Squeezing Supply

(Bloomberg) — Egypt is seeking winter cargoes of liquefied natural gas for the first time in years, highlighting a deepening energy shortage that will

September 6, 2024
Total Views: 1727

Wednesday, September 4, 2024
offshore spar
Offshore

Gulf of Mexico Oil Drilling Under Threat From Government Impasse

By Jennifer A. Dlouhy (Bloomberg) — A fight over Gulf of Mexico oil production is looming in Washington as US regulators race to redo guidance on how to

September 4, 2024
Total Views: 4151

Aerial top view of a containership underway
Shipping

WTO: Global Goods Trade Recovery Extends Into Third Quarter

(Bloomberg) — Global merchandise trade is recovering from last year’s slump, the World Trade Organization said, as one of its barometers for activity

September 4, 2024
Total Views: 371

Tuesday, September 3, 2024
Bahri Denies Tanker was Targeted in Red Sea
Shipping

Bahri Denies Tanker was Targeted in Red Sea

(Bloomberg) — The owner of the Saudi Arabian oil tanker that was reportedly struck by Houthi militants in the Red Sea said it wasn’t the target of any

September 3, 2024
Total Views: 1204

Sunday, September 1, 2024
Containership berthed at the Port of Los Angeles.Photo courtesy Port of Los Angeles.
Shipping

Container Carrier Profits Soar On Record Volumes, Higher Rates

By Brendan Murray Sep 1, 2024 (Bloomberg) –The global container shipping industry saw profits surge to more than $10 billion in the second quarter

September 1, 2024
Total Views: 3406

Saturday, August 31, 2024
Djibouti_Port. Image courtesy CharlesFred
Ports

Djibouti Planning To Offer Ethiopia Port Access To Ease Tensions

By Mohammed Omar Ahmed Aug 31, 2024 (Bloomberg) –Djibouti’s government plans to offer Ethiopia exclusive access to a new port to defuse tensions

August 31, 2024
Total Views: 1114

Philippines resupply mission in the South China Sea.REUTERS/Adrian Portugal
Defense

Chinese, Philippine Ships Collide Amid Growing Tensions at Sea

By Bloomberg News Aug 31, 2024 (Bloomberg) –Chinese and Philippine coast guard ships collided in a disputed patch of the South China Sea on

August 31, 2024
Total Views: 1151

Friday, August 30, 2024
offshore supply vessel
Offshore

Adani Ports Acquires Offshore Shipping Firm for $185 Million

(Bloomberg) — Billionaire Gautam Adani’s port unit will buy an 80% stake in Singapore-headquartered Astro, a supplier of offshore support vessels, for

August 30, 2024
Total Views: 1240

Wednesday, August 28, 2024
An image purportedly showing the MT SOUNION on fire in the Red Sea
Shipping

U.S. Warns Leaking Tanker Poses Growing Red Sea Pollution Risk

(Bloomberg) — An abandoned oil tanker attacked in the Red Sea by Iran-backed Houthi rebels a week ago appears to be burning and leaking,

August 28, 2024
Total Views: 678

Tuesday, August 27, 2024
Pioneer STS LNG transfer New Energy
Shipping

Palau Flag Suspends Russian LNG ‘Shadow’ Fleet Ships

By Ruth Liao and Stephen Stapczynski (Bloomberg) — The Republic of Palau, an island nation in the Western Pacific, has temporarily suspended the

August 27, 2024
Total Views: 5019

Monday, August 26, 2024
Container terminal at Mumbai Port, India
Ports

Indian Port Unions, Officials to Meet in Attempt to Avert Strike

(Bloomberg) — Union representatives from India’s state-run ports are expected to meet government officials on Tuesday in a last-ditch attempt to stave

August 26, 2024
Total Views: 1128

Sunday, August 25, 2024
Philippines, China trade blame after vessels collide in the South China Sea.
Defense

Chinese, Philippine Vessels Collide Again in South China Sea

By Bloomberg News Aug 25, 2024 (Bloomberg) –A China Coast Guard ship and a Philippine vessel collided in a disputed patch of the South China Sea on

August 25, 2024
Total Views: 2871

Massive oil tanker fire in the Red Sea after Houthi attack
Oil Spill

EU Warns: Red Sea Oil Tanker Blaze Threatens Environmental Catastrophe

By Alex Longley (Bloomberg) A ship carrying crude oil that caught fire after being attacked in the Red Sea could lead to a severe ecological disaster, the

August 25, 2024
Total Views: 2463

Saturday, August 24, 2024
Italian coast guard divers
Incidents

Manslaughter Probe Launched After Tragic Sinking of Bayesian Yacht

By Donato Paolo Mancini (Bloomberg) The victims of the Bayesian’s sinking were likely either asleep or tried to escape to no avail as Mike Lynch’s yacht

August 24, 2024
Total Views: 3027

US Navy lookout watches Chinese PLAN warship
Navy

Can The US Navy Deter War In The South China Sea?

by Admiral James Stavridis (Bloomberg Opinion) Summer may be fading, but things are heating up in the South China Sea. With China claiming essentially the

August 24, 2024
Total Views: 4893

UK PM Keir Starmer views migrant data at police command center
News

Starmer Pledges English Channel Migration Crackdown

By Ellen Milligan (Bloomberg) On Thursday Keir Starmer’s government pledged to increase deportations of people with no legal right to stay in the UK to the

August 24, 2024
Total Views: 1168

Friday, August 23, 2024
Rescue boats operate on the sea to search for the missing, including British entrepreneur Mike Lynch, after a luxury yacht sank off the coast of Porticello, near the Sicilian city of Palermo, Italy August 20, 2024. REUTERS/Guglielmo Mangiapane
News

Focus Turns to How Mike Lynch’s Yacht Sank

(Bloomberg) — Following the end of a week-long search and rescue mission, Italian and British authorities are shifting their focus to how the Bayesian

August 23, 2024
Total Views: 4102

Canada Rail Lines Prepare to Restart After Government Intervenes
Shipping

Canada Rail Lines Prepare to Restart After Government Intervenes

By Brian Platt and Monique Mulima (Bloomberg) — Canada’s two largest railways are preparing to restart operations after Prime Minister Justin

August 23, 2024
Total Views: 618