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, May 10, 2024
Photo shows the installation of the first offshore wind turbine at South Fork Wind
Offshore

Trump Presidency is Next Worry for Battered U.S. Wind Sector

By Jennifer A Dlouhy (Bloomberg) — Companies racing to build multibillion-dollar wind farms in US waters are already contending with surging borrowing

May 10, 2024
Total Views: 1469

Thursday, May 9, 2024
hyundai heavy industries shipbuilding
News

Ship Repair Firm HD Hyundai Marine Solution to Use IPO Proceeds to Boost Growth

(Bloomberg) — Only a day after completing South Korea’s biggest initial public offering in two years, KKR & Co.-backed shipping repair company HD

May 9, 2024
Total Views: 463

Wednesday, May 8, 2024
Photo of the Johan Castberg FPSO courtesy Equinor
Offshore

Giant Johan Castberg FPSO Prepares to Set Sail

By Stephen Treloar and Kari Lundgren (Bloomberg) — The vessel that will tap Norway’s newest oil field is now undergoing final checks before setting

May 8, 2024
Total Views: 2611

Tuesday, May 7, 2024
Port of Durban south africa.File photo: Shutterstock/michaeljung
Ports

Maersk Questions Rival’s Solvency in Battle Over South Africa’s Durban Container Port

By Paul Burkhardt (Bloomberg) — A.P. Moller – Maersk A/S said a successful rival bidder fell short of tender requirements as it seeks to overturn

May 7, 2024
Total Views: 1676

The MV Rubymar pictured before its sinking
Offshore

Full Repairs to Damaged Red Sea Internet Cables Delayed by Yemen Political Splits

(Bloomberg) — Full repairs to three submarine internet cables damaged in the Red Sea in February are being held up by disputes over who

May 7, 2024
Total Views: 1556

Monday, May 6, 2024
Greenpeace activists confront the deep sea mining vessel Hidden Gem.
Shipping

Leadership Battle Brewing at Deep Sea Mining’s Regulatory Body

By Todd Woody (Bloomberg) — The secretary-general of the International Seabed Authority is set to run for a third term leading the United

May 6, 2024
Total Views: 1126

Sunday, May 5, 2024
The Christophe de Margerie, an ice-class tanker fitted out to transport liquefied natural gas, is docked at the Yamal LNG facility in Arctic port of Sabetta, Yamalo-Nenets district, Russia March 30, 2017. REUTERS/Olesya Astakhova/File Photo
Shipping

How Western Sanctions Are Strangling Putin’s Arctic Gas Ambitions

By Stephen Stapczynski (Bloomberg) –Russia’s fortress economy has proved remarkably resilient to an onslaught of Western sanctions. Two years

May 5, 2024
Total Views: 1856

Saturday, May 4, 2024
Iranian Warship On The Move Amid Houthi Threat To Attack Ships
Shipping

Iranian Warship On The Move Amid Houthi Threat To Attack Ships

By Arsalan Shahla May 4, 2024(Bloomberg) –An Iranian warship has embarked on a mission in oceanic waters, Iran’s state media reported, in the wake

May 4, 2024
Total Views: 6095

US Navy and Chinese PLAN Navy warships sailing together in formation
Navy

China Has 350 Warships. The US Has 290. That’s a problem.

by Admiral James Stavridis (Bloomberg Opinion) There are plenty of disagreements between Beijing and Washington — from Taiwan to human rights to aiding

May 4, 2024
Total Views: 8485

Friday, May 3, 2024
Houthi stand on beach after ship attack
Shipping

Houthis Threaten Ship Attacks in Mediterranean Sea

By Mohammed Hatem (Bloomberg) — The Houthi group based in Yemen threatened to start trying to attack ships in the eastern Mediterranean as it steps up a

May 3, 2024
Total Views: 3154

two tankers conduct ship-to-ship transfer
Offshore

Greek Naval Drills See Oil Tankers Depart Key Ship-to-Ship Transfer Area

(Bloomberg) — Tankers that transfer Russian oil off the southern coast of Greece sailed further out into the Mediterranean after naval exercises were

May 3, 2024
Total Views: 1646

Thursday, May 2, 2024
Russian FSRU LNG FPSO
Shipping

Russia’s Gazprom Sees First Loss in Two Decades as Gas Trade with Europe Plunges

By Bloomberg News (Bloomberg) — Russia’s state-controlled gas giant reported its first annual net loss since 1999 on falling shipments to Europe and

May 2, 2024
Total Views: 1254

Port of Antwerp Plans Namibia Hydrogen Harbor
News

Port of Antwerp Plans Namibia Hydrogen Harbor

(Bloomberg) — Port of Antwerp Bruges plans to develop a €250 million ($267 million) hydrogen and ammonia storage and export facility at the Namibian

May 2, 2024
Total Views: 1282

Wednesday, May 1, 2024
The last section of pipeline is assembled on the Trans Mountain pipeline expansion project before operations are expected to begin in the second quarter of 2024, near Laidlaw, British Columbia, Canada, February 18, 2024. REUTERS/Chris Helgren/File Photo
News

Trudeau’s $25 Billion Trans Mountain Expansion Starts Commercial Operations

(Bloomberg) — The expanded Trans Mountain pipeline has entered commercial operation, concluding a decade-long wait for one of Canada’s largest and most

May 1, 2024
Total Views: 1485

China's largest and most advanced aircraft carrier Fujian.
Defense

China’s Third and Largest Aircraft Carrier Heads for Sea Trials

By Bloomberg News (Bloomberg) — China’s largest and most advanced warship has begun its first sea trial, paving the way for the country to enhance its

May 1, 2024
Total Views: 4073

Tuesday, April 30, 2024
Screenshot of video from the Philippines Coast Guard shows Chinese Coast Guard vessels using water cannons against a Philippine Coast Guard vessel near the Scarborough Shoal, April 30, 2024. Philippine Coast Guard Image
Defense

Philippines Weighs New Strategy to Counter China’s Sea Actions

By Peter Martin and Andreo Calonzo (Bloomberg) — The Philippines is weighing a new approach in the South China Sea where increasing encounters with

April 30, 2024
Total Views: 14353

Monday, April 29, 2024
cargo ship emissions
Shipping

Red Sea Diversions Spew Carbon Emissions Equal to 9 Million Cars

By Jack Wittels (Bloomberg) — Ships seeking to avoid ongoing attacks by Houthi rebels in the Red Sea area are emitting millions of additional tons

April 29, 2024
Total Views: 1667

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

G7 Price Cap on Russian Oil ‘Increasingly Unenforceable’, Insurers Warn

By Alex Longley and Julian Lee (Bloomberg) — A Group of Seven-imposed cap on the price of Russia oil is becoming increasingly unenforceable, an

April 29, 2024
Total Views: 1009

Sunday, April 28, 2024
File photo of an oil tanker at sea
Shipping

Shadow-Fleet Oil Tanker That Crashed Had Void Western Insurance

By Alex Longley and Sanne Wass (Bloomberg) –A shadow-fleet oil tanker that crashed in Denmark’s vital straits produced a set of insurance documents

April 28, 2024
Total Views: 4278

Friday, April 26, 2024
Mauritius/Reunion map
News

Subsea Cable Damage Cuts Internet to Islands Off Africa Coast

(Bloomberg) — Damage to an undersea cable off the African coast is exacerbating disruptions of internet services to the continent, impacting

April 26, 2024
Total Views: 2237