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.


Monday, October 7, 2024
Damage to the Saint Kitts and Nevis-flagged Paresa
Shipping

Ukraine Says Russia Missile Hit Ship Loaded With Corn for Export

(Bloomberg) — A bulker loaded with Ukrainian grain for export was damaged during a Russian missile barrage in Odesa region over the weekend, according to

October 7, 2024
Total Views: 1662

Sunday, October 6, 2024
ILA President Harold Daggett (left) on the picket lines, October 1, 2024. Photo: ILA
Ports

Who Is Harold Daggett? The Man Behind The Longshoremen Union

By Brooke Sutherland, Josh Wingrove and Laura Curtis (Bloomberg) — When the history books are written about the fate of longshoremen in the US, few

October 6, 2024
Total Views: 3479

Saturday, October 5, 2024
Containers are seen on the Maersk's Triple-E giant container ship Majestic Maersk, one of the world's largest container ships, next to cranes at the APM Terminals in the port of Algeciras, Spain January 20, 2023. REUTERS/Jon Nazca/File Photo
Shipping

Maersk Expects Ship Regulator To Approve Global CO2 Levy In 2025

By Jack Wittels Oct 4, 2024 (Bloomberg) –Shipping giant A.P. Moller-Maersk A/S expects the industry’s global regulator next year to approve a

October 5, 2024
Total Views: 1155

Maerican Naval carrier strike group underway in the Red Sea
Navy

Pentagon To Spend $1.2B To Maintain Red Sea Operation

By Tony Capaccio Oct 3, 2024 (Bloomberg) –The Pentagon will spend about $1.2 billion to maintain ships deployed as part of operations in the Red Sea

October 5, 2024
Total Views: 1137

Friday, October 4, 2024
ILA picketers wearing orange safety shirts and carrying ILA signs with port cranes in the background
Shipping

Global Shipping Stocks Sink After US Dockworkers Pause Strike

(Bloomberg) — Shipping stocks slumped worldwide after a strike by US dockworkers was suspended after only three days, spurring predictions of a decline

October 4, 2024
Total Views: 786

Iranian flag near oil refinery
News

Mideast’s Rising War Risk Puts Spotlight on Iran’s Quiet Oil Comeback

(Bloomberg) — Iran’s oil production has defied years of US sanctions to return to almost full capacity — a tide of supply that looks increasingly

October 4, 2024
Total Views: 699

Thursday, October 3, 2024
FILE PHOTO: The Suiso Frontier, the world's first hydrogen carrier, built by Japan's Kawasaki Heavy Industries, is pictured upon its arrival from Kobe, Japan at the Port of Hastings in Victoria, Australia January 20, 2022. Courtesy HySTRA/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT./File Photo
News

Green Hydrogen Hype Fades as High Costs Force Projects to Retreat

(Bloomberg) — Climate-friendly hydrogen was one of the most-hyped sectors in green energy. Now the reality of its high cost is taking its toll.  In

October 3, 2024
Total Views: 1493

China’s NewNew Polar Bear in a convoy in the Russian Arctic in October 2023. (Source: Atomflot)
News

Arctic Allies to Form Security Group to Counter Russia, China

(Bloomberg) — Canada is working with Nordic countries to create a new Arctic security coalition that would exclude Russia and offer a place to coordinate

October 3, 2024
Total Views: 779

Wednesday, October 2, 2024
Port Strike: Trump and Biden Blame Shipowners While Harris Remains Silent
Ports

Port Strike: Trump and Biden Blame Shipowners While Harris Remains Silent

The International Longshoremen’s Association (ILA) union port strike, which could cost the U.S. economy billions per day, was notably absent from last

October 2, 2024
Total Views: 2528

Photo of large typhoon waves smashing against a break-water in Taiwan
Marine Weather

Typhoon Krathon Brings Taiwan to a Standstill

By Mary Hui, Cindy Wang (Bloomberg) Typhoon Krathon tracked slowly toward Taiwan, with the storm set to weaken before making landfall on Thursday morning and

October 2, 2024
Total Views: 830

silhouette of a man with a large cruise ship in the background
Cruise Ships

Dutch Crack Down on Cruise Industry Greenwashing

By Cagan Koc (Bloomberg) MSC Cruises was told to drop some green claims in its advertisements in the Netherlands after Dutch environmental campaigners

October 2, 2024
Total Views: 1790

ILA Dockworker No port automation sign
Ports

Why is the ILA Union Against Port Automation?

By Jo Constantz and Alicia Tang (Bloomberg) Longshoremen at docks along the US East and Gulf coasts have gone on strike for the first time since 1977 as

October 2, 2024
Total Views: 2056

Tuesday, October 1, 2024
Port workers from the International Longshoremen's Association (ILA) participate in a strike in the Virginia International Gateway in Portsmouth, Virginia, U.S., October 1, 2024. REUTERS/Jose Luis Gonzalez
Ports

ILA Chief Daggett Aims to Make History With Election Day Looming

By Laura Curtis, Deena Shanker and Michael Sasso (Bloomberg) — Union chief Harold Daggett, clad in a blue sweatshirt that read “The Docks Are Ours,”

October 1, 2024
Total Views: 2220

Explosive-Packed Drone Boat Strikes Oil Tanker in Red Sea
News

Explosive-Packed Drone Boat Strikes Oil Tanker in Red Sea

(Bloomberg) — An explosive-laden drone boat slammed into an oil tanker as it sailed past the coast of Yemen, a sign Israeli airstrikes haven’t deterred

October 1, 2024
Total Views: 3274

Monday, September 30, 2024
Laden crude oil tanker approaches the port of Qingdao, China in the morning fog. Photo credit: Shutterstock/Igor Grochev
Featured

Zombie Tanker Turns Up at Northern Chinese Port Laden With Oil

(Bloomberg) — Singapore-flagged oil tanker EM Longevity made its final voyage almost three years ago, after more than two decades at sea. Earlier this

September 30, 2024
Total Views: 9874

Yahya Sarea, the Houthi military spokesperson, prepares to deliver a statement, during a pro-Palestinian rally saying they launched an attack on the "Pacific 01" ship in the Red Sea with missiles, in Sanaa, Yemen, March 15, 2024. REUTERS/Khaled Abdullah
News

US Concerned About Russia Supplying Missiles to Yemen’s Houthis

(Bloomberg) — The US is concerned Russia may supply missiles to the Houthis in Yemen, an American official said, a move that could stoke further Middle

September 30, 2024
Total Views: 1295

Sunday, September 29, 2024
Israel Bombs Yemeni Port After Houthi Attacks
Ports

Israel Bombs Yemeni Port After Houthi Attacks

By Mohammed Hatem and Marissa Newman Sep 29, 2024 (Bloomberg) –Israeli fighter jets bombed a seaport and several power stations in Yemen, its

September 29, 2024
Total Views: 3333

FILE PHOTO: Docked cargo ships are loaded with shipping containers at Port Elizabeth, New Jersey, U.S., July 12, 2023.
Ports

Ports Brace for Shutdown as U.S. Dockworker Strike Deadline Nears

By Laura Curtis and Josh Wingrove (Bloomberg) — Key industry and government officials are urging US dockworkers and their employers to avoid a strike at

September 29, 2024
Total Views: 2852

Investigation of the possible attack on the Balticconnector gas line continues. Lehtikuva/HEIKKI SAUKKOMAA via REUTERS
Defense

Finland and Estonia Agree to Joint Defense of Critical Balticonnector Gas Pipeline

By Kati Pohjanpalo (Bloomberg) Finland and Estonia agreed to boost cooperation in protecting underwater energy infrastructure roughly a year after a ship

September 29, 2024
Total Views: 802

Friday, September 27, 2024
The CMA CGM Marco Polo, an Explorer class container ship crosses under the Verrazzano-Narrows Bridge, to enter New York Harbor as seen from Brooklyn, New York, U.S., May 20, 2021. REUTERS/Brendan McDermid/File Photo
Shipping

Container Shipping Lines Fear Port Strike Will Paralyze Half of U.S. Trade

(Bloomberg) — The world’s top container carrier is urging customers to move US cargo through East and Gulf Coast ports before the planned start on

September 27, 2024
Total Views: 3282