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.


Friday, September 27, 2024
JS Sazanami (DD-113) arrives in Diego Garcia
News

Japan Sends Warship Through Taiwan Strait, Defying China

(Bloomberg) — Three US allies sent warships through the Taiwan Strait in a rare defiance of China in those waters, on the same day Beijing fired its

September 27, 2024
Total Views: 1645

Thursday, September 26, 2024
Lomonosov Prospect northern sea route
Shipping

Russia Ramps Up Arctic Oil Shipping to a New Record

By Julian Lee (Bloomberg) — Russia has already dispatched a record amount of oil through its section of the Arctic Circle this year, expediting cargo

September 26, 2024
Total Views: 1848

Tuesday, September 24, 2024
Vancouver Harbor Grain Freighter
Ports

Port of Vancouver Grain Workers Strike in Middle of Harvest

By Thomas Seal (Bloomberg) — Grain workers at Canada’s biggest port went on strike Tuesday over a dispute regarding hours and pay, setting up what an

September 24, 2024
Total Views: 1365

FILE PHOTO: Crew members look out from the MV Maersk Mc-Kinney Moller as it berths at a PSA International port terminal in Singapore,
Shipping

Maersk Shares Jump Ahead of Potential U.S. Port Strike

(Bloomberg) — AP Moller-Maersk A/S shares jumped as much as 4.9%, extending recent gains on expectations that labor talks with US port workers will fail

September 24, 2024
Total Views: 1657

Sunday, September 22, 2024
Thwaites Glacier.Credit: NSF photo
Environment

‘Doomsday’ Glacier Set To Melt Faster, Swell Seas As World Heats Up

By Danielle Bochove Sep 22, 2024 (Bloomberg) –Tidal action on the underside of the Thwaites Glacier in the Antarctic will

September 22, 2024
Total Views: 2784

An Iranian military ship takes part in an annual drill in the coastal area of the Gulf of Oman and near the Strait of Hormuz, Iran. This image was obtained on December 31, 2022. This image is from WANA (West Asia News Agency)/Handout via REUTERS
Navy

Iran Holds Its Largest Naval Drills In Persian Gulf

By Arsalan Shahla Sep 21, 2024(Bloomberg) –Iran’s army and the Islamic Revolutionary Guard Corps conducted their largest joint naval exercises to

September 22, 2024
Total Views: 2127

Saturday, September 21, 2024
SECNAV vistis South Korean and Japanese shipyards
Navy

US Navy Collaborates with Allies’ Shipyards to Counter China’s Maritime Expansion

(Bloomberg) In any high-stakes military conflict with China, the US Navy will be critical to winning. But America’s shipbuilding industry is far from able to

September 21, 2024
Total Views: 3542

Photo of an Indian Navy Admiral on the bridge of a US Navy warship talking to a US Navy captain
Navy

Stavridis – Can The Quad Counter Chinese Influence In The Indian Ocean?

by Admiral James Stavridis (Bloomberg Opinion) This weekend, President Joe Biden is hosting the three other national leaders of the Quadrilateral Security

September 21, 2024
Total Views: 1261

Friday, September 20, 2024
An aerial view shows an SCF tanker at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022
Shipping

Russia’s Sovcomflot Says G7 Sanctions Make Oil Trade Less Safe

By Bloomberg News (Bloomberg) — Russia’s state-run oil tanker company Sovcomflot PJSC said that western sanctions on ships moving the nation’s

September 20, 2024
Total Views: 1523

two tankers conduct ship-to-ship transfer
Shipping

Ships Still Switch Russian Oil Off Greece Despite Navy Drills

(Bloomberg) — Tankers carrying Russian oil are still conducting cargo switches with other vessels off Greece’s south coast, despite Greek military

September 20, 2024
Total Views: 1751

Virginia class submarine comissioning at electric boat shipyard in Rhode Island
Navy

Virginia Class Submarine Program $17B Over Budget—Enough to Build a New Aircraft Carrier

The Virginia-class submarine project may exceed its budget by $17 billion—surpassing the price tag of an entire new aircraft carrier. By Tony Capaccio

September 20, 2024
Total Views: 7757

Thursday, September 19, 2024
LNG carrier in dense fog
Shipping

A Look Behind Russian Efforts to Skirt US Energy Sanctions

(Bloomberg) — The crayon marks on the wall of the sparsely furnished apartment hint at it being a conventional family home. But the single sofa, pink

September 19, 2024
Total Views: 2074

Bulk carrier inspection
Shipping

Ukraine War: US Warns Allies of Russia’s Sabotage Threats Against Global Shipping

By Alberto Nardelli, Jenny Leonard and Natalia Drozdiak (Bloomberg) — The US has warned its allies that Russia is targeting cargo shipping companies as

September 19, 2024
Total Views: 1054

Wednesday, September 18, 2024
President trump signing tariffs in the oval office
Finance

Trump Trade Wars: A Look At Winners And Losers Since 2016

by Tom Orlik (Bloomberg) Who Loses in Trump’s Endless Trade War? In 2016, Donald Trump campaigned for the US presidency on a promise to beat China.

September 18, 2024
Total Views: 2646

Tuesday, September 17, 2024
drillship
Offshore

Deepwater Oil Rigs May Fetch $600,000 a Day as Spending Expands

(Bloomberg) — The price to rent a deepwater drilling rig may climb to near record levels if demand from oil companies continues to increase in the

September 17, 2024
Total Views: 2627

Monday, September 16, 2024
Harland and Wolff Shipyard. File Photo: Charles McQuillan/Pool via REUTERS
Interesting

Titanic Shipyard Owner Harland & Wolff Set to Enter Administration This Week

(Bloomberg) — The owner of the shipping yard that built the Titanic is entering administration, a type of insolvency procedure in the UK, for the second

September 16, 2024
Total Views: 1379

Sunday, September 15, 2024
Stern view of the new hotel super-yacht ilma
Cruise Ships

Ritz-Carlton Launches Ilma: World’s Largest Hotel-Branded Superyacht

By Fran Golden (Bloomberg) When Ritz-Carlton Yacht Collection finally unveiled its 298-passenger Evrima in 2022 after a few years of

September 15, 2024
Total Views: 13230

Greek navy warship underway with a helicopter during a NATO naval exercise
News

Greek Navy Extends Naval Drills to Deter Russian Oil

By Alex Longley (Bloomberg) Greece’s navy has (once again) extended a series of naval drills by two months as the country tries to deter Russian oil

September 15, 2024
Total Views: 1987

Thursday, September 12, 2024
msc containership
Shipping

MSC CEO Vows to Stand Alone as Global Shipping Rivals Team Up

(Bloomberg) — MSC Mediterranean Shipping Company SA plans to brave volatile shipping markets on its own, ruling out a new alliance just months before its

September 12, 2024
Total Views: 893

Wednesday, September 11, 2024
tanker at sea
Environment

Oil Spill Fears Mount as Russia Tankers Reject Key Danish Pilots

(Bloomberg) — Tankers hauling Russian crude through Denmark’s perilous shipping straits are increasingly rejecting the services of pilots when they do

September 11, 2024
Total Views: 6393