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.


Thursday, July 18, 2024
shipping container
Shipping

Global Shipping Strains Spark Fears of an Inflation Comeback

(Bloomberg) — Jason Starr felt the first flashbacks of pandemic PTSD back in mid-April. That’s when the vice president of operations at

July 18, 2024
Total Views: 964

Wednesday, July 17, 2024
The MV Rubymar pictured before its sinking
Shipping

Damaged Subsea Cables Repaired in Red Sea

By Olivia Solon and Mohammed Hatem (Bloomberg) — Repairs have finally commenced on three subsea telecommunications cables that were damaged in the Red

July 17, 2024
Total Views: 3339

Oil Tanker Bridge
Shipping

Russian Games Make Secret Tanker Oil Switching Harder to Trace

(Bloomberg) — Two near-identical oil tankers trying to beat western sanctions. A secret transfer of Russian crude halfway between Iran and Oman. A

July 17, 2024
Total Views: 4301

Tuesday, July 16, 2024
A GE Haliade-X Turbine Stands in the Vineyard Wind 1 Project Area South of Martha’s Vineyard. Credit: Eric Haynes
Offshore

Broken Offshore Wind Blade Debris Washes Up in Nantucket

By Jennifer A. Dlouhy (Bloomberg) — Investigators are probing the cause of a damaged offshore wind turbine blade that sent debris washing

July 16, 2024
Total Views: 3404

Monday, July 15, 2024
two tankers conduct ship-to-ship transfer
Shipping

Greece Extends Naval Drills That Deter Russian Oil Transfers

By Alex Longley, Julian Lee and Jack Wittels (Bloomberg) — Greece is again extending the naval drills that have largely deterred transfers of Russian

July 15, 2024
Total Views: 1060

Maersk Tanker Underway
Shipping

Maersk Tankers and Competitors Bet Billions on Ammonia Fuel Carriers

(Bloomberg) — Some of the biggest names in shipping are betting billions of dollars on tankers to transport a type of ammonia that’s scarcely being

July 15, 2024
Total Views: 1481

Sunday, July 14, 2024
Russian corvette enters the port of Zhanjiang during the Joint Sea-2024 China-Russia naval exercise. Russian Defence Ministry/Handout via REUTERS
Navy

Chinese And Russian Naval Forces Hold Joint Operation In Pacific

By Bloomberg News Jul 14, 2024 (Bloomberg) –Chinese and Russian naval forces recently conducted another round of joint exercises, according to

July 14, 2024
Total Views: 1543

Dry bulk coal shipping. ImagineStock/Shutterstock
Ports

Botswana Eyes New Export Route To Exploit Huge Coal Resource

By Borges Nhamire, Matthew Hill and Mbongeni Mguni Jul 13, 2024 (Bloomberg) –Three southern African nations signed a deal to proceed with a rail and

July 14, 2024
Total Views: 2410

Saturday, July 13, 2024
The Panama flagged general cargo vessel, MV Ultra Galaxy, pictured after its grounding late on Tuesday night in remote coastal area of South Africa’s west coast, known as Duiwegat. Photo courtesy SAMSA
Shipping

Ships Fleeing The Red Sea Now Face Perilous African Weather

By Alex Longley and Paul Burkhardt (Bloomberg) –Ships sailing around the southern tip of Africa are wrestling with a bout of bad weather that has

July 13, 2024
Total Views: 9675

Friday, July 12, 2024
File photo of an oil tanker at sea
Shipping

Gunvor to Ship North Sea Crude to Asia After Bull Play Wraps Up

(Bloomberg) — Gunvor Group will send a supertanker loaded with North Sea Forties crude to Asia after the trading house amassed a large volume of

July 12, 2024
Total Views: 1388

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

Adani to Double Investment in Transshipment Port to $2.4 Billion

(Bloomberg) — Billionaire Gautam Adani’s conglomerate is doubling investment to $2.4 billion in its new mega port in southern India as it seeks to

July 12, 2024
Total Views: 876

Wednesday, July 10, 2024
A photo of the Panama registered general cargo vessel reportedly in trouble at sea, and excessivly listing, on the Atlantic Ocean north west of Cape Town on Monday morning. Its crew of 18 seafarers rescued and currently being evacuated. Photo courtesy SAMSA
Marine Weather

Cargo Ship Evacuated as Waves Pound South African Coast

(Bloomberg) — Storms pounded South Africa’s coastline for a fourth day on Wednesday, disrupting shipping operations, with massive swells forcing the

July 10, 2024
Total Views: 3919

Stock photo of a tanker at sea
Shipping

Dozens of Tankers Sanctioned Over Russian Oil Are Sitting Idle Around the World

(Bloomberg) — From the frigid waters of Russia’s Baltic Sea to the Pacific shores of Vladivostok, dozens of tankers that previously moved Moscow’s

July 10, 2024
Total Views: 2439

Tuesday, July 9, 2024
Port of Singapore
Shipping

Singapore Container Ship Logjam Spills Over to Malaysian Port

(Bloomberg) — Container ship congestion in Singapore, one of Asia’s busiest ports, is spreading to neighboring Malaysia, snarling supply chains and

July 9, 2024
Total Views: 1843

Laden crude oil tanker approaches the port of Qingdao, China in the morning fog. Photo credit: Shutterstock/Igor Grochev
Shipping

Slumping Freight Rates Telegraph Warning on Asian Crude Demand

(Bloomberg) — The cost of shipping crude oil along key routes to Asia is slumping as supertankers take shorter trips and demand softens in China. Freight

July 9, 2024
Total Views: 813

Monday, July 8, 2024
Stock photo of an oil tanker moored at sea
Shipping

Russian Oil Deliveries Keep Getting Cheaper Despite Sanctions

By Alex Longley (Bloomberg) — Group of Seven sanctions aimed at depriving the Kremlin of petrodollars are failing in one of their key objectives:

July 8, 2024
Total Views: 1987

Sunday, July 7, 2024
Sahand Destroyer. Photo: Iranian Army
Incidents

Iran’s Sahand Warship Capsizes

By Arsalan Shahla Jul 7, 2024(Bloomberg) –Several people were injured in an accident during repair work on Iran’s Sahand destroyer, the

July 7, 2024
Total Views: 49184

Saturday, July 6, 2024
Centerm Expansion Project Port Vancouver. Photo courtesy Port of Vancouver
Ports

Foremen At BC Port Give DP World Canada 72-Hour Strike Notice

By Layan Odeh Jul 6, 2024(Bloomberg) –A union representing ship and dock foremen in British Columbia has issued a 72-hour strike notice against DP

July 6, 2024
Total Views: 1367

Friday, July 5, 2024
Waves crash as Hurricane Beryl strikes, in Playa del Carmen, Mexico, July 5, 2024. REUTERS/Jose Luis Gonzalez
Marine Weather

Beryl Rakes Mexico on Potential Path to Texas

By Brian K. Sullivan and Peter Millard (Bloomberg) — Tropical Storm Beryl’s winds weakened as it battered Mexico’s Yucatan Peninsula after leaving a

July 5, 2024
Total Views: 1618

oil tanker
Shipping

Supertankers Find New Trade After Houthi Ship Attacks

By Alex Longley and Jack Wittels (Bloomberg) — Some of the world’s biggest oil-hauling supertankers are instead loading up vast volumes of diesel in

July 5, 2024
Total Views: 6867